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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.
In case a person is unable to meet any requisite condition mentioned under Payment of Bonus Act, 1965, he shall be punishable with imprisonment for a term which may extend to . . . . . . . . or with fine which may extend to one thousand rupees or with both.
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 statements is/are true/false? A. An ion is a charged particle and can be negatively or positively charged. A negatively charged ion is called an anion and a positively charged ion, a cation B. An ion is a charged particle and can be negative or positively charged. A negatively charged ion is called a cation. And a positively charged ion, an anion.
What will be the punishment if an employer is unable to meet the requisite conditions according to the Payment of Bonus Act, 1965?
Which of the following statements are true/false?
1. In exercise of the powers conferred by Section 13 of the Equal Remuneration Act, 1976, the Central Government came out with the rules.
2. The claims for the complaints with regard to the contravention of any provision of the Equal Remuneration Act, 1976 need to be made in triplicate in the Form A to the authority.
3. Every employee is entitled to payment of bonus if he has worked in the establishment for not less than twenty working days in that year.
4. Payment of Bonus Act is applicable to ever establishment in which thirty or more persons are employed on any day during an accounting year.
A company paid Rs. 6,00,000 as bonus to its employees at different levels A, B and C. Each employee at level A receives one and half times of the amount that was paid to each employee at level B and each employee at level B was paid twice the amount paid to the employee at level C. If 50 employees were on level A, 75 on level B and 100 on level C, how much amount was paid to each employee of level A ?
What is the minimum period an employee should have worked in an accounting year in an establishment to become eligible for bonus under the payment of Bonus Act, 1965?
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?
What is the minimum number of days an employee should have served in an accounting year to be entitled for receiving bonus under the Payment of Bonus Act, 1965?