What is the maximum limit for carrying forward the excess allocable surplus?

10% of the total salary or wage

20% of the total salary or wage

30% of the total salary or wage

40% of the total salary or wage

What happens if there is no available surplus or the allocable surplus falls short of the minimum bonus payable to the employees?

The surplus is carried forward for set on in the next accounting year.

The surplus is carried forward for set off in the next accounting year.

The minimum bonus is paid from the next year's surplus.

The minimum bonus is deducted from the employees' salary or wage.

In calculating the bonus for the succeeding accounting year, which set on or set off amount is taken into account first?

The amount carried forward from the earliest accounting year

The highest set on or set off amount

The lowest set on or set off amount

The average of all set on or set off amounts

What is the time limit for payment of bonus under the Act?

3 months from the close of the accounting year

6 months from the close of the accounting year

8 months from the close of the accounting year

12 months from the close of the accounting year

In case of a dispute regarding payment of bonus, when should the bonus be paid by the employer?

Within a month from the date on which the award becomes enforceable or the settlement comes into operation

Within 3 months from the date on which the award becomes enforceable or the settlement comes into operation

Within 6 months from the date on which the award becomes enforceable or the settlement comes into operation

Within 12 months from the date on which the award becomes enforceable or the settlement comes into operation

Can the time limit for payment of bonus be extended beyond 8 months?

No, it cannot be extended under any circumstances.

Yes, it can be extended up to 1 year.

Yes, it can be extended up to 2 years.

Yes, it can be extended without any time limit.

Payment of Bonus Act(1965) - 2 Free MCQ Practice Test with Solutions

	Industrial Laws 54 videos\|46 docs\|18 tests

	Industrial Laws 54 videos\|46 docs\|18 tests

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