Section 13 of POB Act, 1965 : Section 13: Proportionate Reduction In Bonus In Certain Cases
POB Act, 1965
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Explanation using Example
Imagine an employee named Rita who works at a manufacturing company. Rita joined the company part-way through the financial year and worked for only 200 days out of the 300 working days in that accounting year. According to Section 13 of The Payment of Bonus Act, 1...
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