According to Section 36(1) of the Code on Wages, 2019, what happens if, for any accounting year, the allocable surplus exceeds the amount of maximum bonus payable to the employees in the establishment under Section 26?
It is carried forward for being set on in the succeeding accounting year, Explanation: As per Section 36- (1) Where for any accounting year, the allocable surplus exceeds the amount of maximum bonus payable to the employees in the establishment under section 26, then, the excess shall, subject to a limit of twenty per cent. of the total salary or wage of the employees employed in the establishment in that accounting year, be carried forward for being set on in the succeeding accounting year and so on up to and inclusive of the fourth accounting year to be utilised for the purpose of payment of bonus in such manner as may be prescribed by the Central Government.
Who authority controls the Monetary Policy in India?
With a vision to make India an energy-independent nation, and to de-carbonise critical sectors, the Government approved the National Green Hydrogen Miss...
Which of the following scenarios explain economic development?
SAKSHAM Initiative is related to which of the following?
PPP stands for
What is true about National Income?
1) It is the net value of all the final goods and services produced by the nations during a financial year.
IndraGraminAwaas Yojana launched by which Ministry?
National Action Plan on Climate Change (NAPCC) is one of India’s most ambitious step towards sustainable Development. In which of the following years,...
Disguised unemployment exists primarily in the ________ sector in our country.
Which of the statements are correct?
1) Process of disinvestment is very fast
2) Process of disinvestment is very slow and government alwa...