The minimum bonus which an employer is required to pay even he suffers losses during the accounting year or there is no allocable surplus is ............ of the salary or wages during the accounting year.

CS Executive · Industrial, Labour & General Laws · PYQS · December 2018
The minimum bonus which an employer is required to pay even he suffers losses during the accounting year or there is no allocable surplus is ............ of the salary or wages during the accounting year.
(A) 10 percent
(B) 20 percent
(C) 8.33 percent
(D) 6.33 percent

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Payment of Bonus Act, 1965

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