Payment of Bonus Act, 1965 - MCQ-Adda

GM changes bonus plan for salaried workers in 2024: New formula bonus formula If an employee basic salary + DA is less than 7000 Rs then the original basic + DA will be considered for bonus calculation For an example, if an employee bonus list The size of the bonus paid depends on both the performance and the seniority of the employee Finally, a formula allocates the money in the Bonus Fund to all

bonus games Formula: Basic Salary*% = Bonus per month 6500*% = If the Basic salary of the employee is higher than Rs 7,000 Siddharth