Law · Labour Law
As per the Payment of Bonus Act, 1965, what is the statutory minimum bonus limit and the revised calculation ceiling introduced by the 2015 amendment?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Minimum bonus of 20% of annual wages with a calculation ceiling of ₹3,500 per month
- 2Minimum bonus of 8.33% of annual wages with a calculation ceiling of ₹7,000 per month✓
- 3Minimum bonus of 12% of annual wages with a calculation ceiling of ₹21,000 per month
- 4Minimum bonus of 10% of annual wages with a calculation ceiling of ₹10,000 per month
Correct answer
Minimum bonus of 8.33% of annual wages with a calculation ceiling of ₹7,000 per month
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