PAYMENT OF BONUS ACT, 1965 [21 OF 1965]   Section - 1 Short title, extent and application Section - 2 Definitions Section - 3 Establishments to include departments, undertakings and branches Section - 4 Computation of gross profits Section - 5 Computation of available surplus Section - 6 Sums deductible from gross profits Section - 7 Calculation of direct tax payable by the employer Section - 8 Eligibility for bonus Section - 9 Disqualification for bonus Section – 10 Payment of minimum bonus Section - 11 Payment of maximum bonus Section - 12 Calculation of bonus with respect to certain employees Section - 13 Proportionate reduction in bonus in certain cases Section - 14 Computation of number of working days Section - 15 Set on and set off of allocable surplus Section - 16 Special provisions with respect to certain establishments Section - 17 Adjustment of customary or interim bonus against bonus payable under the Act Section - 18 Deduction of certain amounts from bonus payable under the Act Section - 19 Time-limit for payment of bonus Section - 20 Application of Act to establishments in public sector in certain cases Section - 21 Recovery of bonus due from an employer Section - 22 Reference of disputes under the Act Section - 23 Presumption about accuracy of balance-sheet and profit and loss account of corporations and companies Section - 24 Audited accounts of banking companies not to be questioned Section - 25 Audit of accounts of employers, not being corporations or companies Section - 26 Maintenance of registers, records, etc Section - 27 Inspectors Section - 28 Penalty Section - 29 Offences by companies Section - 30 Cognizance of offences Section - 31 Protection of action taken under the Act Section – 31A Special provision with respect to payment of bonus linked with production or productivity Section - 32 Act not to apply to certain classes of employees Section - 33 Act to apply to certain pending disputes regarding payment of bonus Section - 34 Effect of laws and agreements inconsistent with the Act Section - 35 Saving Section - 36 Power of exemption Section - 37 Power to remove difficulties Section - 38 Power to make rules Section - 39 Application of certain laws not barred Section - 40 Repeal and saving SCH I COMPUTATION OF GROSS PROFITS SCH II Computation of Gross Profits SCH III THIRD SCHEDULE  SCH IV FOURTH SCHEDULE