whichever is higher. Section 11 provides that where the allocable surplus computed in the manner given in that Act exceeds the minimum bonus, the employer ... subsequent accounting year, there is no available surplus or the allocable surplus falls short of the minimum bonus payable to the employees, then the amount
allocable surplus to mean sixty-seven per cent. of the available surplus in an accounting year or sixty per cent. of such available surplus ... made to arrive at the available surplus. This available surplus forms the basis for calculating the allocable surplus. It would be seen that whether
available surplus under Section 5 of the Payment of Bonus Act revealed that no available surplus, much less the allocable surplus existed for the year ... management and of having independently to determine the available surplus and allocable surplus and to decide on that basis the quantum of bonus payable
TRUE COPY OF THE BALANCE SHEET P&L ACCOUNT,ALLOCABLE
SURPLUS STATEMENT AND SET-ON AND SET-OFF STATEMENT FOR
THE YEAR ... TRUE COPY OF THE BALANCE SHEET P&L ACCOUNT,ALLOCABLE
SURPLUS STATEMENT AND SET-ON AND SET-OFF STATEMENT FOR
THE YEAR
however, pointed out that the allocable surplus available for the year in question for distribution of bonus as per the Payment of Bonus ... 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
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
employees, such as a dispute as to the computation of
allocable surplus, or quantum of bonus or as to whether an
establishment in the public ... respect of the accounting year 1964 and every subsequent
year. "Allocable surplus" under S. 2(4) means 67% in cases
falling under
following registers, namely:-
(a) a register showing the computation of the allocable surplus referred to in clause (4) of section 2, in Form ... Available surplus for the accounting year (Column 1 minus Column 6)
Amount of allocable surplus (@ 67%) (*60% of Column
units of the whole undertaking. In such cases, the
computation of allocable surplus for the payment of bonus
should be on the basis of such ... prepared, the
Court could proceed to award bonus on the allocable surplus.
That portion of the award reads L as follows:
"But Section
following registers, namely:-
(a) a register showing the computation of the allocable surplus referred to in clause (4) of section 2, in Form ... Available surplus for the accounting year (Column 1 minus Column 6)
Amount of allocable surplus (@ 67%) (*60% of Column
