law: Payment of Bonus Act, 1965 
  10. Payment of minimum bonus 
  
  Subject to the other provisions of this Act, every employer shall
  
  be bound to pay to every employee in respect of the accounting year commencing
  
  on any day in the year 1979 and in respect of every subsequent accounting year,
  
  a minimum bonus which shall be 8.33 per cent of the salary or wages earned by
  
  the employee during the accounting year or one hundred rupees, whichever is
  
  higher, whether or not the employer has any allocable surplus in the accounting
  
  year:
  PROVIDED  that where an employee has not completed
  
  fifteen years of age at the beginning of the accounting year, the provisions of
  
  this section shall have effect in relation to such employee as if for the words
  
  "one hundred rupees" the words "sixty rupees" were
  
  substituted.]