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Nilanjan Bhowmick AIR 3, CSIR NET (Earth Science)
- UGC NET
- Human Resource Management
Dha i are true dita t are ar e true 37. an employee is employed in an industry on a wage of rupees eight'thousand and five hundred per month, which is fixed as
dha I are true dita T are ar e true 37. An employee is employed in an industry on a wage of Rupees Eight'Thousand and Five Hundred per month, which is fixed as the minimum wage as a scheduled employment by the appropriate Government. What is the amount of bonus he shall be entitled to, if it is to be paid at the minimum rate of 8.33% by the employer under the payment of Bo- nus Act, 1965? (1) Rupees seven thousand only (2) Rupees nine thousand only (3 Rupees eight thousand and five hun- dred only 4) Rupees three thousand and five hun- dred only 12 38, The inter-union code of conduct aims to
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Priya sarda![best-answer]()
Every employee not drawing salary/wages beyond Rs. 10,000 per month who has worked for not less than 30 days in an accounting year, shall be eligible for bonus for minimum of 8.33% of the salary/wages even if there is loss in the establishment whereas a maximum of 20% of the employee’s salary/wages is payable as bonus in an accounting year. However, in case of the employees whose salary/wages range between Rs. 3500 to Rs. 10,000 per month for the purpose of payment of bonus, their salaries/wages would be deemed to be Rs. 3500. answer is 3500
but everywhere answer is 8500 rs. UGC ne b iska ans 8500 dia tha
I studied if salary is more than 7000 then we will calculate bonus on rs 7000. n is salary is less than 7000 then we calculate the bonus on actual amount of salary. like is salary is 8000 rs then bonus is 7000 × 12 × rate. n if salary is 4000 rs ( which is less then 7000 rs) then bonus is 4000 × 12 × rate
so approximately it should be 7000
so here bonus should be 7000 x 12 x 8.33 percent = 6997.2
6997.2 is not in option. my doubt is not solved
answer is 8500 approximately