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Yes. Bonus is a term losely used in Corporates. In Many Organisations, Special payments made on the occassion of Diwali, New Year etc are also named as Bonus. However no statutory laws are applicable in such cases. The Scope of Payment of Bonus act is completely different from this.
From India, Mumbai
From India, Mumbai
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Amendment to Payment of Bonus Act 2015.jpg
Bonus act amendment gazette copy.pdf
Bonus-amendment _206.doc