Question
According to Payment of Bonus Act 1965, what is the
minimum bonus in case of an adult payable?Solution
According to the Payment of Bonus Act, 1965, the minimum bonus payable to an adult employee is: 8.33% of the wages or Rs 100, whichever is higher. This means that an eligible adult employee is entitled to receive a minimum bonus of 8.33% of their wages for the accounting year, and if the amount calculated based on 8.33% is less than Rs 100, then the employee is entitled to a minimum bonus of Rs 100.
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