Poba
This query is : Resolved
02 January 2014
How is the allocable surplus calculated under the POBA?
02 January 2014
refer section 5 of the POBA 1965. it is self explanatory. compute available surplus, after deducting depreciation and development allowance, Third schedule deductions and taxes from gross profit. add taxes as per section 7. The resultant figure is available surplus. 60% of this available surplus is the allocable surplus. for foreign companies is 67%.
02 January 2014
refer this excel sheet for computation https://www.caclubindia.com/share_files/forma-payment-of-bonus-act-xls-11531.asp#.UsTomfv364F
02 January 2014
Hi
To calculate Allo. Surplus pl refer:
https://www.caclubindia.com/forum/computation-of-the-allocable-surplus-under-under-pob-act-275426.asp
https://www.caclubindia.com/share_files/payment-of-bonus-form-a-b-c-and-d-60461.asp
Thanks
To calculate Allo. Surplus pl refer:
https://www.caclubindia.com/forum/computation-of-the-allocable-surplus-under-under-pob-act-275426.asp
https://www.caclubindia.com/share_files/payment-of-bonus-form-a-b-c-and-d-60461.asp
Thanks
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