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Management · Q164

Labour and Social Welfare

Graduate and Post Graduate · Management · question 164

Q164

According to the Payment of Bonus Act, 1965, what is the minimum bonus that needs to be paid to every employee?

A.
8.33% of the salary or wages earned by the employee during the accounting year
Answer
B.
8.1% of the salary or wages earned by the employee during the accounting year
C.
7.33% of the salary or wages earned by the employee during the accounting year
D.
9.33% of the salary or wages earned by the employee during the accounting year

Answer: Option A

Solution

Answer: Option A
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