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
Where for any account year, there is no available surplus or the allocable surplus in respect of that year falls short of the amount ... succeeding accounting year, there is no available surplus, or allocable surplus, or the allocable surplus falls short of the minimum bonus, the amount so carried
accounting year the allocable surplus exceeds the amount of minimum bonus payable to the employee under Section 10 . "Allocable surplus" has been defined ... ascertainment of such allocable surplus and it is related to the gross profit of the employer. In computing the allocable surplus the amount
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
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
According to Section 2(b) 60% of the available surplus falls within the allocable surplus. Available surplus has to be computed under Section 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
failed to note that there was no allocable surplus payment even in respect of the said years and they passed an erroneous award. The bonus ... trade union fairly shows that there was availability of surplus as well as allocable surplus and hence it was wrong on the part
Bonus Act lays down that where for any
accounting year the allocable surplus exceeds the
amount of maximum bonus payable to the employees ... fund by
virtue of the overriding legal obligation. As the
allocable surplus is determined out of the profits of
the assessee, all that Section
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.--(1) Where for any accounting year, the allocable surplus exceeds the amount of maximum bonus payable to the employees in the establishment under ... revenue expenditure, it is a permissible deduction.
10. That the allocable surplus referred to in Section 15(1) of the Bonus Act is a part
