Which of the following statements is not correct as per the Payment of Bonus Act, 1965?

CS Executive · Industrial, Labour & General Laws · PYQS · December 2018
Which of the following statements is not correct as per the Payment of Bonus Act, 1965?
(A) It is applicable to construction industry.
(B) It does not apply to employees in Life Insurance Corporate of India.
(C) Allocable surplus means 67 percent of the available surplus.
(D) Employee means any person including apprentice.

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Payment of Bonus Act, 1965

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