Under the Payment of Bonus Act, 1965 the gross profits derived by an employer from an establishment in respect of any accounting year, shall be computed:

CS Executive · Industrial, Labour & General Laws · PYQS · June 2018
Under the Payment of Bonus Act, 1965 the gross profits derived by an employer from an establishment in respect of any accounting year, shall be computed:
(A) In case of Banking Company according to Schedule II and in any other case Schedule I
(B) In case of Banking Company according to Schedule I and in any other case Schedule II
(C) In case of Banking Company and in any other case Schedule I
(D) In case of Banking Company and in any other case Schedule II

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Payment of Bonus Act, 1965

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