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Employees are not entitled receive bonus excess than 20 of their wage or salaries first schedule See section 4(a) computation OF gross profits in the case of a banking company Accounting year ending.
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8.5 per cent, of the capital invested by him in his establishment as evidenced from his books of accounts at the commencement of the accounting year ; Provided that where such employer is a person to whom Chapter xxii-A of the Income-tax Act applies the.(e) In the case of foreign concerns proportionate administrative (over head) expenses of Head Office allocable to Indian business.Our services are paid for by Contributors in exchange for Mondaq providing them with access to information about who accesses their content.Nil (due to loss) 1,04,167* (inclusive of 35,000 from year-6) Set off 69,167 Set off 69,167 (8).Total of Item Nos.Corporation.5 per cent of its paid-up capital as at the commencement of the accounting year ; 6 per cent of its reserves, if any, shown in its balance-sheet as at commencement of the accounting year including any profits carried forward from the previous accounting.(If, and to the extent, charged to Profit and Loss Account) (b) The amount debited in respect of gratuity paid or payable to employees in excess of the aggregate of - The amount, if any, paid to, or provided for payment to, an approved gratuity.Category of employer Further sums to be deducted (1) (3).Rights of Persons with Disabilities Act, 2016.Rather, any such waiver or release must be specifically granted in writing signed by the party granting.Published on Comments:594, Shares:457 7th CPC Pension Calculation, published on Comments:579, Shares:294 7th CPC Pension Calculator for Pre-2016 CG Pensioners.Allocable surplus sec 2 (4) Allocable surplus 67 of the available surplus (other than banking companies) or 60 of the available surplus (banking companies and companies linked with abroad) Payment of bonus calculated on the allocable surplus which is derived by the above calculation Set-On.
1,00,000 2,50,000* (Inclusive of 1,25,000 from year-4 and 25,000 from year-6) Nil Set on 35,000 (6).
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1,40,000 2,50,000* (inclusive of 1,10,000 from year-2) Nil Set on 1,10,000 1,25,000 (2) (4).


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