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Payment of Bonus Act – Scope & Applicability Quiz !

Payment of Bonus Act

The term “bonus” is not defined in the Payment of Bonus Act. Webster International Dictionary defines bonus as “something given in addition to what is ordinarily received by or strictly due to the recipient”. The Oxford Concise
Dictionary defines it as “something to the good into the bargain (and as an example) gratuity to workmen beyond their wages”. The purpose of payment of bonus is to bridge the gap between wages paid and ideal of a living wage. The Act has laid down a detailed procedure for calculating the amount of bonus payable to employees.

Here is a quiz on the scope and applicability of the Payment of Bonus Act.

Take This Challenge !

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