Business Studies, asked by satishsidhar4941, 1 year ago

Definition set off and set on of allocable surplus

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Answered by Anonymous
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Where for any accounting year, the allocable surplus exceeds the amount of maximum bonus payable to the employees in the establishment under section 11, then, the excess shall, subject to a limit of twenty per cent of the total salary or wages of the employees employed in the establishment in that accounting year
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