BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The employer may require an employee to work on holiday and will be paid twice his daily compensation
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Work on Rest day which falls on a special day shall be paid 150% of the regular hourly rate
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Work on a regular holiday shall be paid 300% of regular hourly rate.
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Work on rest day which falls on regular holiday shall be paid 260% of regular hourly rate.
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Detailed explanation-1: -Regular holidays are those that usually have a fixed date, such as New Year’s Day, Independence Day, and Christmas Day. The only exceptions to this rule are National Heroes Day and the religious holidays of Maundy Thursday, Good Friday, Eid’l Fitr, and Eidul Adha. Special Holidays, on the other hand, are more flexible.
Detailed explanation-2: -The Factories Act has provided annual/earned leave of 12 working days for all the workers who have worked at least 240 days in a year. However, the duration of earned/annual leave differs for the adult and young workers.
Detailed explanation-3: -National and Festival Holiday Act, which is applicable to all establishments in the country, irrespective of under which law it is formed it is mandatory to grant leave on following 3 days, i.e. 26th January (Republic Day), 15th August (Independence Day) and 2nd October (Gandhi Jayanti).