Examveda

An employee working in an organisation draws a salary of Rs. 20,000 per month. What is the amount of bonus that he shall be paid at the minimum rate of 8.33% under the Payment of Bonus Act, 1965?

A. Rs. 20,000

B. Rs. 8,333

C. Rs. 7,000

D. Rs. 3,500

Answer: Option C


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