Payment of bonus subject to a maximum of twenty per cent of wages is provided under __________ of the…
Section 26(3) sets the twenty-per-cent ceiling. It applies when allocable surplus exceeds the minimum bonus amount.
Choose your answer
Payment of bonus subject to a maximum of twenty per cent of wages is provided under __________ of the Code on Wages, 2019.
Answer and explanation
Correct answer C
Section 26(3) sets the twenty-per-cent ceiling. It applies when allocable surplus exceeds the minimum bonus amount.
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Tamil Nadu SET (TNSET)