base year on an assumption that the ratio
which determine-, the allocable surplus is the normal ratio
not affected by any special circumstance and perpetuates ... that where for any accounting
year, there is no available surplus or the allocable surplus
in respect of that year falls short of the amount
rupees, whichever is higher, whether or not the employer has any allocable surplus in the accounting year: Provided that where an employee has not completed
force relating to the levy of tax on agricultural income; (4) “allocable surplus” means— (a) in relation to an employer, being a company (other than
respect of any accounting year referred to in section 10, the allocable surplus exceeds the amount of minimum bonus payable to the employees under that ... cent. of such salary or wage. (2) In computing the allocable surplus under this section, the amount set on or the amount set off under
assessee has also not given any details regarding calculation of 'allocable surplus' for distribution as bonus under the Bonus Act . During the accounting ... therefore, appears on a perusal of account that there was no allocable surplus. Further, Section 16 of the Payment of Bonus Act lays down that
deficiency, if any, as the case may be, of the allocable surplus set on or set off in respect of the fifth and sixth accounting ... deficiency, if any, as the case may be, of the allocable surplus set on or set off in respect of the fifth, sixth and seventh
allocable surplus.—
(1) Where for any accounting year, the allocable surplus exceeds the amount of maximum bonus payable to the employees in the establishment under ... Where for any accounting year, there is no available surplus or the allocable surplus in respect of that year falls short of the amount
Similarly where for any accounting year there is no available surplus or the allocable surplus in respect of that year falls short of the amount ... these provisions is clear. Where there are profits or allocable surplus, the allocable surplus must be set apart and utilised towards payment of the bonus
allowable surplus being 60% of available surplus. As
the allocable surplus so fixed was more than 20% of the
annual wage bill ... balance,left over
is the available surplus. 60% of the available surplus
represents the allocable surplus payable as bonus to the
employees. At the stage
surplus is to be taken to be the allocable surplus
and it is this allocable surplus which is to be distributed
by way, of bonus ... Where for any accounting year, there is no
available surplus or the allocable surplus in respect
of that year falls short of the amount
