Gratuity and Bonus — MCQ Practice
Interactive MCQ Practice
Test your knowledge. Click “Solve” to reveal options, select your answer, then check the result. 5 questions available.
Which of the following statements regarding Gratuity and Bonus in India is/are correct? 1. The Payment of Gratuity Act, 1972, mandates a minimum of 5 years of continuous service for gratuity eligibility in all circumstances. 2. The Payment of Bonus Act, 1965, makes it compulsory to pay a minimum bonus of 8.33% of salary, irrespective of the employer's profits. 3. The Code on Social Security, 2020, has removed the eligibility criteria for bonus based on salary limits. Select the correct answer using the code given below:
Which of the following is NOT included in 'last drawn wages' for the calculation of gratuity under the Payment of Gratuity Act, 1972?
An employee drawing a salary of INR 18,000 per month works for 10 years and 8 months. What would be the number of years considered for gratuity calculation under the Payment of Gratuity Act, 1972?
Which of the following statements about the forfeiture of gratuity is correct?
Which of the following statements correctly describes the 'set-on' provision under the Payment of Bonus Act, 1965?