B Com Exam > B Com Videos > Industrial Laws > Surplus - Payment Of Bonus Act(1965), Industrial Laws
Surplus - Payment Of Bonus Act(1965), Industrial Laws Video Lecture | Industrial Laws - B Com
|
54 videos|46 docs|18 tests
|
FAQs on Surplus - Payment Of Bonus Act(1965), Industrial Laws Video Lecture - Industrial Laws - B Com
| 1. What is the Surplus - Payment of Bonus Act (1965)? |  |
Ans. The Surplus - Payment of Bonus Act (1965) is an industrial law in India that regulates the payment of bonuses to employees. It ensures that employees receive a share of the profits made by their employer, depending on certain eligibility criteria and calculations.
| 2. Who is covered under the Surplus - Payment of Bonus Act (1965)? | |
Ans. The Surplus - Payment of Bonus Act (1965) covers employees working in establishments that have 20 or more employees and are engaged in any industry, trade, business, or manufacturing process. It applies to both private and public sector organizations.
| 3. How is the bonus calculated under the Surplus - Payment of Bonus Act (1965)? | |
Ans. The bonus under the Surplus - Payment of Bonus Act (1965) is calculated based on the employee's salary or wage and the profits of the establishment. The Act specifies a minimum bonus of 8.33% of the employee's salary or wage, and a maximum bonus of 20% of the salary or wage.
| 4. Are all employees eligible for the bonus under the Surplus - Payment of Bonus Act (1965)? | |
Ans. No, not all employees are eligible for the bonus under the Surplus - Payment of Bonus Act (1965). The Act defines certain eligibility criteria, such as minimum working days and minimum salary or wage, for an employee to be eligible for the bonus. Employees who have worked for a minimum of 30 working days in an accounting year and have a salary or wage of up to Rs. 21,000 per month are eligible.
| 5. Is the payment of bonus mandatory under the Surplus - Payment of Bonus Act (1965)? | |
Ans. Yes, the payment of bonus is mandatory under the Surplus - Payment of Bonus Act (1965) for eligible employees. Employers are legally obligated to pay the bonus to eligible employees within a specified time frame, usually within 8 months from the end of the accounting year. Failure to comply with the Act's provisions can result in penalties and legal consequences for the employer.
Text Transcript from Video
surplus today's were the surplus surplus
is a noun that means extra supply for
example our family has a surplus of
fruit because we have an abundance of
fruit trees in our yard another example
is our class had a surplus of tissue
boxes so we gave them to other teachers
created by Diana thank you for watching
bye
is a noun that means extra supply for
example our family has a surplus of
fruit because we have an abundance of
fruit trees in our yard another example
is our class had a surplus of tissue
boxes so we gave them to other teachers
created by Diana thank you for watching
bye
Related Exams
About this Video
|
4.61/5 Rating |
|
Dec 23, 2024 Last updated |
Video Description: Surplus - Payment Of Bonus Act(1965), Industrial Laws for B Com 2024 is part of Industrial Laws preparation.
The notes and questions for Surplus - Payment Of Bonus Act(1965), Industrial Laws have been prepared according to the B Com exam syllabus.
Information about Surplus - Payment Of Bonus Act(1965), Industrial Laws covers all important topics for B Com 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Surplus - Payment Of Bonus Act(1965), Industrial Laws.
Introduction of Surplus - Payment Of Bonus Act(1965), Industrial Laws in English is available as part of our Industrial Laws for B Com & Surplus - Payment Of Bonus Act(1965), Industrial Laws in
Hindi for Industrial Laws course. Download more important topics related with notes, lectures and mock test series for
B Com Exam by signing up for free.
Description
Video Lecture & Questions for Surplus - Payment Of Bonus Act(1965), Industrial Laws Video Lecture | Industrial Laws - B Com - B Com full syllabus preparation | Free video for B Com exam to prepare for Industrial Laws.
Information about Surplus - Payment Of Bonus Act(1965), Industrial Laws
Here you can find the meaning of Surplus - Payment Of Bonus Act(1965), Industrial Laws defined & explained in the simplest way possible.
Besides explaining types of Surplus - Payment Of Bonus Act(1965), Industrial Laws theory, EduRev gives you an ample number of questions to practice Surplus - Payment Of Bonus Act(1965), Industrial Laws tests,
examples and also practice B Com tests.
|
54 videos|46 docs|18 tests
|
|
Explore Courses for B Com exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Sample Paper
,Extra Questions
,Objective type Questions
,MCQs
,Surplus - Payment Of Bonus Act(1965)
,Industrial Laws Video Lecture | Industrial Laws - B Com
,video lectures
,past year papers
,study material
,Surplus - Payment Of Bonus Act(1965)
,ppt
,Free
,Industrial Laws Video Lecture | Industrial Laws - B Com
,Exam
,Semester Notes
,Important questions
,practice quizzes
,Surplus - Payment Of Bonus Act(1965)
,Viva Questions
,Industrial Laws Video Lecture | Industrial Laws - B Com
,Previous Year Questions with Solutions
,shortcuts and tricks
,mock tests for examination
,Summary
;
Study Surplus - Payment Of Bonus Act(1965), Industrial Laws on the App
Students of B Com can study Surplus - Payment Of Bonus Act(1965), Industrial Laws alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Surplus - Payment Of Bonus Act(1965), Industrial Laws,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Surplus - Payment Of Bonus Act(1965), Industrial Laws is prepared as per the latest B Com syllabus.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup