Question
An employee working in an establishment draws a monthly
wage of ₹ 9,000 as fixed under the Minimum Wages Act, 1948 and is eligible to get bonus under the Payment of Bonus, Act, 1965 for the accounting year 2021-22. The bonus payable is at the rate of 10%. If the employee has worked continuously for whole of the said accounting year, then what is the amount of bonus that shall be paid to the employee?Solution
The correct answer is D
Consider the following statements associated with the India Infrastructure Project Development Fund (IIPDF).
1. IIPDF was set up in 2017.
...
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