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What is "Bonus" as defined under the Payment of Bonus Act?
  • a)
    It refers to an additional payment to employees for exceptional performance.
  • b)
    It is a form of gratuity paid to employees upon retirement.
  • c)
    It is an extra payment given to employees during festive seasons.
  • d)
    It is the amount payable to employees as a share in the company's profits.
Correct answer is option 'D'. Can you explain this answer?
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What is "Bonus" as defined under the Payment of Bonus Act?a)...
"Bonus" under the Payment of Bonus Act is the amount payable to employees as a share in the profits of the company or establishment. It is defined in the context of the Act and is calculated based on various factors, as specified in the Act.
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What is "Bonus" as defined under the Payment of Bonus Act?a)...
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What is "Bonus" as defined under the Payment of Bonus Act?a)It refers to an additional payment to employees for exceptional performance.b)It is a form of gratuity paid to employees upon retirement.c)It is an extra payment given to employees during festive seasons.d)It is the amount payable to employees as a share in the company's profits.Correct answer is option 'D'. Can you explain this answer?
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What is "Bonus" as defined under the Payment of Bonus Act?a)It refers to an additional payment to employees for exceptional performance.b)It is a form of gratuity paid to employees upon retirement.c)It is an extra payment given to employees during festive seasons.d)It is the amount payable to employees as a share in the company's profits.Correct answer is option 'D'. 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 What is "Bonus" as defined under the Payment of Bonus Act?a)It refers to an additional payment to employees for exceptional performance.b)It is a form of gratuity paid to employees upon retirement.c)It is an extra payment given to employees during festive seasons.d)It is the amount payable to employees as a share in the company's profits.Correct answer is option 'D'. 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 What is "Bonus" as defined under the Payment of Bonus Act?a)It refers to an additional payment to employees for exceptional performance.b)It is a form of gratuity paid to employees upon retirement.c)It is an extra payment given to employees during festive seasons.d)It is the amount payable to employees as a share in the company's profits.Correct answer is option 'D'. Can you explain this answer?.
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