According to section 10 of the Payment of Bonus Act, 1965 every employer shall be bound to pay to every employee in respect of any accounting year a minimum bonus which shall be __________ of the salary or wage earned by
CS Executive · Industrial, Labour & General Laws · PYQS · December 2014
According to section 10 of the Payment of Bonus Act, 1965 every employer shall be bound to pay to every employee in respect of any accounting year a minimum bonus which shall be __________ of the salary or wage earned by the employee during the accounting year or __________ whichever is higher, whether or not the employer has any allocable surplus in the accounting year.
Answer & Explanation:
Correct Answer: Option (A)
Correct answer: (A) 8.33%; ₹100. This answer applies to the historical law and assessment-year context of this December 2014 paper; later amendments may differ.
Topics: Payment of Bonus Act, 1965
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