Payment of Bonus Act, 1965
Section 4: Computation of gross profits
The Payment of Bonus Act, 1965 was repealed and replaced by the Code on Wages, 2019 from 21 November 2025. It still applies to matters and proceedings from before that date, as the repealing law provides.
The gross profits derived by an employer from an establishment in respect of any accounting year shall—
(a) in the case of a banking company, be calculated in the manner specified in the First Schedule;
(b) in any other case, be calculated in the manner specified in the Second Schedule.]
Source: India Code (Legislative Department), the text of the Act as it stood before its repeal. Words in square brackets [ ] were inserted or substituted by later amending Acts, and *** marks words omitted by an amendment. The amendment footnotes are not reproduced here. Official text on India Code.
Supreme Court judgments citing the section 4
No Supreme Court judgment in our database cites this section yet.