ICICI

Payment Of bonus act 1965


Karuna Sethi (CA)     25 February 2009

Karuna Sethi
CA 
 12 likes  838 points

| My Other Post

Is gross profit as per bonus act similar to general gross profit calculated as per P& L a/c


(Guest)

 

 

No....First Calculate Net Profit as per P&L A/c...Then make Schedule II Adjustments then gross Profit will be available for Bonus and make Sec 6 and Schedule III deductions. Then u will arrive at Available Surplus. Calculate Allocable Surplus.According to Schedule IV make neccessary Arrangements for 'Set on' and 'Set Off'.The allocable surplus so computed is distributed amongst the employees in proportion to salary or wages received by them during the relevant accounting year.

 

avater

CA. ANKUR JAIN (CA.....)     27 February 2009

CA. ANKUR JAIN
CA..... 
 275 likes  2800 points

View Profile | My Other Post

HI,

YEAH SIDHU PRIYA JI IS RIGHTT

avater

Sumit Jain (CA)     07 March 2009

Sumit Jain
CA 
 133 likes  4760 points

View Profile | My Other Post

agree with sindhu priya

avater

payal gupta (ca final student)     29 March 2009

payal gupta
ca final student 
 35 likes  482 points

View Profile | My Other Post

agree with sindhu priya


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  



Popular Discussion


view more »