[Computation of gross profits.4. The gross profits derived by an employer from an establishment in respect of any accounting year shall—(a) in the case of a banking company, be calculated in the manner specified in the First Schedule ;(b) in any other case, be calculated in the manner specified in the Second Schedule.]
13. Substituted by the Payment of Bonus (Second Amendment) Act, 1980, w.e.f. 21-8-1980. Earlier existing section 4 was substituted by the Payment of Bonus (Amendment) Act, 1976, w.r.e.f. 25-9-1975.
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