The following booklet is titled, “An Analysis Of The Bonus Problem” and it was published in 1977, a few days prior to the Indian Government’s decision on the bonus. Authored by the acclaimed economist, Dr. M. C. Munshi, this text discusses the concept of the bonus which originated in the Second World War, its subsequent forms and how it reached its current iteration. The author also expands on the core elements and interpretations of legislations such as the Bonus Act, 1965, and the workings of The Bonus Commission and The Bonus Review Committee. This text precisely encapsulates the various facets and challenges associated with the bonus problem in India.