three respondent Unions representing its employees. The
available surplus and allocable surplus, according to this
computation, were Rs. 49.96 lacs and Rs. 29.98 lacs
respectively ... computation. In the result the
Tribunal found the available surplus and the allocable
surplus to be 54 lakhs and odd and Rs. 32.42 lacs
respectively
According to s. 2(b) 60% of
the available .surplus falls within the allocable surplus.
Available surplus has to be computed under s. 5 . Under ... fourth accounting
year. Where there is no available surplus in an accounting
year or the allocable surplus falls short of the minimum
bonus payable
makes provision as to how the gross profits, available and
allocable surplus are to be calculated, and s. 19 prescribes
8 months from the close ... accounting year, because., gross
profits and the available and allocable surplus can be
worked out only at the end of the accounting year
employer has no allocable surplus in the accounting year or the amount of such allocable surplus is only that which for the proviso ... employer has no allocable surplus in the accounting year or the amount of such allocable surplus is only so much that, but for the provisions
surplus" of the profits of the year, determined inaccordance with well established principles. The Bonus Act a part from defining "allocable surplus ... laid down that whether the employer has an allocable surplus at all or not,each eligible employee should be paid a minimum bonus of four
consider
whether it was proper to deduct the subsidy from the
allocable surplus. But the word 'Subsidy' should be
restricted to the narrowest ... information regarding the computation of gross profits as
well as allocable surplus to enable the Association to
calculate the bonus for the year
amount of payable by an employer to ever employee from VI allocable surplus in respect of the accounting year, in the lowing words ... other provisions of this Act. where an employer has any allocable surplus in any accounting year, then he shall be bound to pay to every
Where for any accounting year, there is no available surplus or the allocable surplus in respect of that year falls short of the amount ... only in case there is an allocable surplus during a particular accounting year. If the said allocable surplus exceeds the payment of the maximum bonus
show the amount of allocable surplus as per Payment of Bonus
Act to establish that such allocable surplus was more than 20% of
salary ... computation of allocable surplus compute in
'Form A' as per the Payment of Bonus Act . The amount of allocable
surplus computed under
allocable surplus would amount to Rs. 11,977/-. The
Tribunal however, in arriving at its own computation of
available surplus aid allocable surplus disallowed ... Allocable surplus (60 Y. of Available Surplus)20,768.50
Annual Wage Bill during 1964 2,43,562.98
Therefore, Allocable Surplus
