In this Article we will be comparing the differences between the Payment of Bonus Act 1965 and Code on Wages 2019 enacted by the Indian Legislature. We will be discussing the key changes which were brought in by the legislature while enacting the Code on Wages 2019 and how those changes are going to affect the Payment of Bonus to the Employees and what are the duties of the Employer which he is obliged to follow under the said Code. We will also see what the intention of the Legislature was while enacting the Code on Wages 2019 and repealing the older version of the Payment of Bonus Act 1965.
Therefore, in this Article the author has dealt with each and every aspect of the provisions of Payment of Bonus which guides itself under Chapter IV of the Code specifically. The author has also given its opinion on what will be the circumstances and shortcomings which the Legislature must have foreseen, or which must be clarified in the future by the Legislature or by the Indian Courts after interpreting the law in its literal sense or applying the Golden Rule of Interpretation.
