Most of the victims were from the area and enroute to Sundernagar town when the bus skidded off the road near Galuhar.
The injured were admitted to a government hospital in Sundernagar.
Eyewitnesses said the administration had a tough time recuing the victims from the badly-mangled bus.
The accident seems to have occurred due to negligent driving, a police official told IANS.
People in the area began rescue operations even before the authorities reached the spot.