Where the salary or wage of an employee who is covered under Bonus Act exceeds Rs 3500 per month whi...........

Industrial Relation and labour law Labour Laws -II

Where the salary or wage of an employee, who is covered under Bonus Act, exceeds Rs.3500 per month, which of the following will be applicable:

he will not be paid bonus.

he will be paid bonus on the basis of his actual wage or salary

he will be paid bonus but the bonus shall be calculated as if his salary or wage were Rs.3500 per month.

none of the above.

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Explanation:

he will be paid bonus but the bonus shall be calculated as if his salary or wage were Rs.3500 per month.

The Lok Sabha has approved amendments to the Payment of Bonus Act that seeks to make more workers eligible for bonus by raising the monthly pay eligibility limit of employees to Rs 21,000 from Rs 10,000.The bill, tabled in the house earlier this month, also seeks to enhance the monthly bonus calculation ceiling to Rs 7,000 per month from Rs 3,500, thus substantially increasing the amount of bonus.