Wage Calculation and Compensation Quiz

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12 Questions

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

Before the 10th day of the month

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

Rs. 24,000

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

Payment in kind rather than money

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

Deductions for employee welfare services

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

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

To ensure on-time wage payments without deductions

What does the Payment of Wages Act, 1936 regulate?

Time and mode of payment of wages

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

All persons employed in a factory or certain designated institutions

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

Fixed amount for each task accomplished

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

To protect employees from unjust deductions and salary delays

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

The Act in areas of railways and other specified sectors

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

Amount payable under any award or settlement

Test your knowledge on wage calculation and compensation, which includes fixed amounts, hourly/daily rates, and overtime labor payments. Learn about the different monetary remunerations that employees receive from their employers.

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