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Mayur Ejrekar

Mayur Ejrekar (Querist)
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02 January 2014 How is the allocable surplus calculated under the POBA?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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02 January 2014 refer section 5 of the POBA 1965. it is self explanatory. compute available surplus, after deducting depreciation and development allowance, Third schedule deductions and taxes from gross profit. add taxes as per section 7. The resultant figure is available surplus. 60% of this available surplus is the allocable surplus. for foreign companies is 67%.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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02 January 2014 refer this excel sheet for computation https://www.caclubindia.com/share_files/forma-payment-of-bonus-act-xls-11531.asp#.UsTomfv364F

@VaibhavJ

@VaibhavJ (Expert)
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02 January 2014 Hi

To calculate Allo. Surplus pl refer:

https://www.caclubindia.com/forum/computation-of-the-allocable-surplus-under-under-pob-act-275426.asp

https://www.caclubindia.com/share_files/payment-of-bonus-form-a-b-c-and-d-60461.asp

Thanks

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