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 Bonus Act, 1965?

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 Bonus Act, 1965? Correct Answer Rupees eight thousand and five hundred only

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Which of the following statements are true/ false?
1. Every employer shall be bound to pay to every employee in respect of the accounting year commencing on any day in the year 1979 and in respect of every subsequent accounting year, a minimum bonus which shall be 9.33% of the salary or wages earned by the employee during the accounting year or one hundred rupees, whichever is higher, whether or not the employer has any allocable surplus in the accounting year.
2. Bonus will be paid in cash to the employees.
3. If the allocable surplus exceeds the amount of minimum bonus payable to the employees, the employer is bound to pay to every employee in respect of that accounting year bonus which shall be an amount in proportion to the salary or wages earned by the employee during the accounting year subject to a maximum of 10% of such salary or wage.
4. Bonus needs to be paid within a period of eight months from the close of the accounting year.
Which of the following statements are true/false?
1. In case an employee whose minimum rate of wages is fixed under this Act, works overtime, the employer need not pay the money for the extra hours devoted by the employee.
2. If an employee whose minimum rate of wages has been fixed under this Act, works for a less number of hours than the requisite number of hours on a given day, he shall be entitled to receive wages in respect ofwork done by him on that day as ifhe had worked for a full normal working day.
3. In case an employee is involved in two or more classes of work, he shall be paid on the basis of pieces involved.
4. If an employee is employed on piece work for which minimum time rate and not a minimum piece rate has been fixed under this Act, the employer shall pay to such employee wages at not less than the minimum time rate.
Which of the following is correct in context of Minimum Wages Act, 1948?
1. In case an employee whose minimum rate of wages is fixed under this act, works overtime, the employer is bound to pay the money for the extra hours devoted by the employee.
2. In case an employee is involved in two or more classes of work, he shall be paid on the piece basis.
3. If an employee is employed on piece work for which minimum time rate and not a minimum piece rate has been fixed under this act, the employer shall pay to such employee wages at not less than the minimum time rate.
Which of the following statements are true/false?
1. Gratuity shall be payable to an employee on the termination of his employment after he has rendered continuous service for not less than five years.
2. Each employee, who has completed one year of service, shall make nomination for the purpose of receiving gratuity.
3. For every completed year of service in excess of six months, the employer shall pay gratuity to an employee at the rate of fifteen day's wages based on the rate of wages last drawn by the employee concerned.
4. An employer who contravenes, or makes default in complying with, any of the provisions of the Payment of Gratuity Act shall be punishable with imprisonment for a term which may extend to one year, or with fine which may extend to twenty thousand rupees, or with both.
Which of the following statements are true/false?
1. The employer needs to maintain a register of the employees working under him. This register needs to be preserved for a period of two years after the date of the last entry made therein.
2. In case of a person who is working in any railway factory or industrial or other establishment upon or in which more than one thousand persons are employed, the wages need to be paid by tenth of that month.
3. In case of a person who is working in any railway factory or industrial or other establishment upon or in which less than one thousand persons are employed, the wages need to be paid by third of that month.
4. In case, an employer terminates an employee, the wages earned by him must be paid before the expiry of the second working day from the day on which his employment is terminated.
Consider the following for the Minimum Wages Act, 1948.
1. The appropriate government will have the power to fix the minimum rates of wages payable to employees employed in an employment specified in Part I or Part II of the Schedules.
2. The appropriate government will review and revise the minimum rate of wages after five years.
3. The appropriate government will fix the minimum rate of wages in any scheduled employment in which there are in the whole state less than one thousand employees engaged in such employment.
Which of the following statement given above is/are correct?
An employee engaged in an industrial establishment draws wages on 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?
An employee engaged in an industrial establishment draws wages of Rs. 20,500 per month. What is the amount of bonus to be paid to him if it is paid at the rate of 10% by the employer for an accounting year under the Payment of Bonus Act, 1965?
Which of the following statements are true/false?
1. Piece rate system is easy to calculate the wages under this method as it provides certainty of the amount of wage payment to the employee.
2. In time wage system, there is fixed wage because the wages are dependent on the units of pieces produced.
3. Time wage system is based on the fact that the workers are paid on the basis of amount of time they spend on the doing the particular job.
4. Piece rate system is based on the fact that workers are paid the wages on the basis of quantity and quality of work performed by them.
An employee working in an organisation draws a salary of Rs. 20,000 per month. What is the amount of bonus that he shall be paid at the minimum rate of 8.33% under the Payment of Bonus Act, 1965?