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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

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

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

employers to pay bonus to their employees out of the allocable surplus, understood in common parlance, as a profit based bonus. This section merely seeks

capital subscribed as a condition of membership. Members allocate surpluses for any or all of the following purposes, developing the Co-operative possibly by setting