Question
According to Section 32 of the Code on Wages, 2019, who
is responsible for prescribing the manner in which the gross profits of a banking company are calculated for the purpose of bonus calculation?Solution
As per Section 32- The gross profits derived by an employer from an establishment in respect of the accounting year shall,–– (a) in the case of a banking company, be calculated in the manner as may be prescribed by the Central Government; (b) in any other case, be calculated in the manner as may be prescribed by the Central Government.
Which city is hosting the 18th International Olympiad on Astronomy and Astrophysics (IOAA) in 2025?
Which organization's report projects India's remittances to reach $160 billion by 2029?
What is the primary objective of the new Income Tax Bill approved by the Union Cabinet?
What major change did the Infosys Science Foundation implement in the Infosys Prize criteria starting May 15?
Punjab National Bank (PNB) has extended the tenure of its Executive Director M. Paramasivam till which year?
Which team won the 61st Nehru Hockey Tournament?
- What is the financial outlay of the 'Lakhpati Baideo' scheme launched in Assam?
Which river is a tributary of the Brahmaputra and flows through Bhutan?
How many new branches has HSBC India received approval to open, and what will be its total branch count in India after expansion?
Which state has become the first in India to grant menstrual leave to both government and private sector employees?
