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According to the time limit for payment of bonus, when should all amounts payable to an employee by way of bonus be paid in cash by the employer?
  • a)
    Within a month from the close of the accounting year
  • b)
    Within two years from the close of the accounting year
  • c)
    Within a month from the date on which the award becomes enforceable or the settlement comes into operation
  • d)
    Within eight months from the close of the accounting year
Correct answer is option 'C'. Can you explain this answer?
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According to the time limit for payment of bonus, when should all amou...
According to the time limit for payment of bonus, all amounts payable to an employee by way of bonus should be paid in cash by the employer within a month from the date on which the award becomes enforceable or the settlement comes into operation, in case there is a dispute regarding payment of bonus pending before any authority under section 22. In any other case, the payment should be made within a period of eight months from the close of the accounting year.Interesting additional fact: The time limit for payment of bonus ensures that employees receive their bonus in a timely manner, either after the resolution of a dispute or within a set period of time after the close of the accounting year.
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According to the time limit for payment of bonus, when should all amounts payable to an employee by way of bonus be paid in cash by the employer?a)Within a month from the close of the accounting yearb)Within two years from the close of the accounting yearc)Within a month from the date on which the award becomes enforceable or the settlement comes into operationd)Within eight months from the close of the accounting yearCorrect answer is option 'C'. Can you explain this answer?
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According to the time limit for payment of bonus, when should all amounts payable to an employee by way of bonus be paid in cash by the employer?a)Within a month from the close of the accounting yearb)Within two years from the close of the accounting yearc)Within a month from the date on which the award becomes enforceable or the settlement comes into operationd)Within eight months from the close of the accounting yearCorrect answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about According to the time limit for payment of bonus, when should all amounts payable to an employee by way of bonus be paid in cash by the employer?a)Within a month from the close of the accounting yearb)Within two years from the close of the accounting yearc)Within a month from the date on which the award becomes enforceable or the settlement comes into operationd)Within eight months from the close of the accounting yearCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for According to the time limit for payment of bonus, when should all amounts payable to an employee by way of bonus be paid in cash by the employer?a)Within a month from the close of the accounting yearb)Within two years from the close of the accounting yearc)Within a month from the date on which the award becomes enforceable or the settlement comes into operationd)Within eight months from the close of the accounting yearCorrect answer is option 'C'. Can you explain this answer?.
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