Question

What is the rate of annual minimum bonus payable to an eligible employee under Section 26 of the Code on Wages, 2019?

A 8.33 per cent of wages or Rs.100, whichever is higher
B 5 per cent of wages or Rs.100, whichever is higher
C 10 per cent of wages or Rs.100, whichever is higher
D 8.33 per cent of wages or Rs.60, whichever is higher
E 20 per cent of wages or Rs.100, whichever is higher
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)