https://www.taxtmi.com/caselaws?id=184600 Customary bonus may be established where an employer has paid bonus over an unbroken and sufficiently long period at a substantially uniform rate, independent of profits and with a consistent pre-festival practice. Payments made from 1965 to 1973 at 10.5 per cent were treated as the decisive period for uniformity, while earlier payments were not material. The Payment of Bonus Act, 1965 governs profit bonus but does not exclude customary bonus, and a settlement reference to Section 34(3) does not change the character of payments found to be unrelated to profits. The statutory scheme also recognises customary bonus through adjustment under Section 17. en-us Thu, 06 Jan 1994 00:00:00 +0530 Wed, 13 Jul 2016 16:12:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184600 Customary bonus may be established where an employer has paid bonus over an unbroken and sufficiently long period at a substantially uniform rate, independent of profits and with a consistent pre-festival practice. Payments made from 1965 to 1973 at 10.5 per cent were treated as the decisive period for uniformity, while earlier payments were not material. The Payment of Bonus Act, 1965 governs profit bonus but does not exclude customary bonus, and a settlement reference to Section 34(3) does not change the character of payments found to be unrelated to profits. The statutory scheme also recognises customary bonus through adjustment under Section 17. Case-Laws Indian Laws Thu, 06 Jan 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184600