Bonus act - calculation of allocable surplus

2708 views 2 replies
As per schedule III of the act, the company needs to deduct 8.5% of the paid-up share capital from the gross profit calculation. But, what if company having 4 different units and different location and having its own profit and loss account. And there is only one balance sheet (Consolidated) which consists paid up share capital. How should I allocate paid up share capital in those units (i.e on turnover basis or o the basis of employee expenses)
Replies (2)

In my opinion, Allocable surplus is calculated on company basis, not on unit basis

 

Hello sir,

 

Appreciate your answer.

 

However, there are 4 units in my case where 3 units are new and hence, going thrrough losses. Now employees and headd of the 1 unit which is earning profits are of opinon that whay should we accept lower binus due to losses of new units.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details
Company
ARTICLESHIP 24 June 2026
CA Article Trainee

Rahul Dang & Associates

Pune

CA Inter

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details