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Eduncle posted an MCQ
October 18, 2019 • 20:15 pm 0 points
  • UGC NET
  • Human Resource Management

An employee engaged in an industrial establishment draws wages of ` 20,000 per month. What is the amount of bonus he shall be entitled to, if it is to be paid

An employee engaged in an industrial establishment draws wages of Rs. 20,000 per month. What is the amount of bonus he shall be entitled to, if it is to be paid at the rate of 9% by the employer for an accounting year under the provisions of the payment of Bonus Act, 1965 ?

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    Eduncle Best Answer

    Bonus  Calculation Formula
    = (Basic Salary + DA) × Number of Months Worked × 9%
    =  7000 × 12 × 9% = 7560 Rs

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