Payment of bonus act 1965

This query is : Resolved 

25 February 2009 How is available surplus calculated ?
Plz provide an ex.

03 March 2009 GP for the accounting year : 5000
Less :
1. Dep. under section 6(a) : 120
2. Development rebate or : Nil
development allowances
under section 6(b)
3. Direct Taxs Under : 25
section 6(c)
4. Further sum as are : 15
specified under Third
Schedule of the act

So available surplus is : 341
SO allocable surplus is 67% of available surplus.

Please check the file upload "FormA_Payment of Bonus Act.xls" for more reference.




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