Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Bonus payment rules: excluded employee categories (LIC, RBI, seamen, docks, non-profits); others exempted by notification; 20+ staff threshold</h1> Prescribes exclusions from the Chapter on payment of bonus by declaring it inapplicable to specified classes of employees, including those employed by LIC, seamen, specified dock workers, establishments under Central/State/local authority departments, specified non-profit and educational institutions, RBI, and inland water transport establishments operating on international routes; and empowers the Central Government and the appropriate Government to notify further exempt establishments, including specified public sector financial institutions and establishments providing overall benefits under other profit-sharing schemes, with the consequence that employees in such exempted categories or notified establishments are not covered by the Chapter. Subject to these exclusions, applies the Chapter to establishments employing, or having employed, twenty or more persons on any day during an accounting year.
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