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Section 27 - Code on Wages, 2019
The Code on Wages, 2019
27. Proportionate reduction in bonus in certain cases.-
Where an employee has not worked for all the working days in an accounting year, the minimum bonus under sub-section (1) of section 26, if such bonus is higher than eight and one third per cent. of the salary or wage of the days such employee has worked in that accounting year, shall be proportionately reduced.
Related Sections
Related Acts
- Footwear Design and Development Institute Act, 2017
- Mediation Act, 2023
- Scheduled Castes and the Scheduled Tribes (Prevention of Atrocities) Amendment Act, 2015
- Bilateral Netting of Qualified Financial Contracts Act, 2020
- The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013
* Only for reference.