The maximum limit of bonus payable to an employee is fixed by way of percentage of salary or wages earned by the employee during the accounting year, the percentage is:

– by
Question:

The maximum limit of bonus payable to an employee is fixed by way of percentage of salary or wages earned by the employee during the accounting year, the percentage is:

A.

10%

B.

15%

C.

20%

D.

25%

Answer» c. 20%

Note: The above multiple-choice question is for all general and Competitive Exams in India.