The Payment of Bonus Act, 2015 and Related Issue

1) The act makes more workers eligible for bonus by raising the salary ceiling from Rs10,000/- a month to :

a) Rs 21,000/- a month
b) Rs 15,000/- a month
c) Rs 13,500/- a month
d) Rs 20,000/- a month

2) For the purpose of calculating the bonus, the monthly calculation ceiling has been raised from Rs 3500/- a month to which of the following?

a)  Rs 5,000/- a month
b) Rs 10,000/- a month
c) Rs 7,000/- a month
d) Rs 4500/- a month

3) An employer, under this law, is mandated to give what percentage of the salary as minimum bonus to the employees?

a) 3.33%
b) 10%
c) 20%
d) 8.33%

4) Recently the High Courts in few states have stayed the implementation of this law in their respective territories. Which of the following is the specific reason behind it?

a) Retrospective provision.
b) High salary ceiling.
c) Penal provisions.
d) High calculation ceiling.

Answers:

1) a
2) c, Maximum bonus will be 20% of the salary
3) d
4) a, The law will retrospectively take effect from April 2014