The maximum limit of bonus payable to an employee is fixed by way of percentage of salary or wages earned by the employee during the accounting year, the percentage is:

Related MCQs

• The payment of wages Act applies to wages payable to an employed person in respect of wage period if such wages for that wage period do not exceed _____ per month.
• In case of an employee who has not completed 15 years of age at the beginning of the Accounting year, the minimum bonus will be
• Every employee shall be entitled to receive bonus from his employer in an accounting year if he has worked for not less than
• Under Payment of Bonus Act, 1965, in disputed cases, bonus must be paid
• Examine as to which of the following payments form part of "salary" under the provisions of the Payment of Bonus Act, 1965.
• The time limit for making bonus payment is-
• XYZ Ltd., to which the Payment of Wages Act, 1936 is applicable, fixes the wages period of 36 days. You as a Cost and Management Accountant of the Company, how would youadvice the company.
• Under Payment of wages Act, 1963, in any factory, in which 1200 persons are employed, wages must be paid
• Every employee shall be entitled to receive bonus from his employer in
• Gratuity is payable to an employee ______________.