ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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How Are Bonus Receipts Spent

How Are Bonus Receipts Spent? S D Punekar THE bonus problem has caused considerable vexation to Government industry, labour and the public for the last fifty years (except during the depression) by contributing significantly to industrial unrest. The Third Plan had observed : "Owing to the uncertainty attaching to it, the question of bonus has become a source of friction and dispute." In 1960, a high-power Bonus Commission was appointed "to study the problems connected with bonus claims and to evolve guiding principles and norms for the payment of bonus". Though this Commission came out with a formula for determining the distribution of "the available surplus", after "the prior charges" are met, among the parties involved, there is not much sign of easing of bonus disputes. On the other hand, the struggle for larger bonus has become more organised and litigation-oriented.

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