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Wage Calculation and Compensation Quiz

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Questions and Answers

According to the Payment of Wages Act, when should Regular Pay Payments be made for a company with more than 1000 workers?

After the 10th day of the month

Before the 7th day of the month

Before the 10th day of the month (correct)

Before the 15th day of the month

What is the maximum monthly wage that exempts individuals from the Payment of Wages Act?

Rs. 20,000

Rs. 10,000

Rs. 15,000

Rs. 24,000 (correct)

Under the Payment of Wages Act, which of the following payment methods is NOT permitted?

Payment by check with authorization

Payment in monetary notes

Payment by credit to a bank account

Payment in kind rather than money (correct)

What types of deductions are not permitted under the Payment of Wages Act?

Deductions for employee welfare services Signup and view all the answers

What remedy can employers seek under the Payment of Wages Act if they face wage deduction issues?

Approach the Labor Office or a trade union Signup and view all the answers

What is the objective of the Payment of Wages Act regarding wage payments?

To ensure on-time wage payments without deductions Signup and view all the answers

What does the Payment of Wages Act, 1936 regulate?

Time and mode of payment of wages Signup and view all the answers

Who is covered by the Payment of Wages Act of 1936?

All persons employed in a factory or certain designated institutions Signup and view all the answers

Which type of wage payment is based on an easily measured quantity of work completed?

Fixed amount for each task accomplished Signup and view all the answers

What is the purpose of the Payment of Wages Act, 1936?

To protect employees from unjust deductions and salary delays Signup and view all the answers

Under the Payment of Wages Act, what does the Central Government enforce?

The Act in areas of railways and other specified sectors Signup and view all the answers

Apart from regular wages, what does 'wages' include as per the text?

Amount payable under any award or settlement Signup and view all the answers