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      Question

      According to Section 32 of the Code on Wages, 2019, who

      is responsible for prescribing the manner in which the gross profits of a banking company are calculated for the purpose of bonus calculation?
      A The Central Government Correct Answer Incorrect Answer
      B The State Government Correct Answer Incorrect Answer
      C The Reserve Bank of India Correct Answer Incorrect Answer
      D The establishment's management Correct Answer Incorrect Answer

      Solution

      As per Section 32- The gross profits derived by an employer from an establishment in respect of the accounting year shall,โ€“โ€“ (a) in the case of a banking company, be calculated in the manner as may be prescribed by the Central Government; (b) in any other case, be calculated in the manner as may be prescribed by the Central Government.

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