{"id":61035,"date":"2018-05-28T11:53:04","date_gmt":"2018-05-28T06:23:04","guid":{"rendered":"https:\/\/www.vskills.in\/certification\/tutorial\/?p=61035"},"modified":"2024-04-12T14:21:12","modified_gmt":"2024-04-12T08:51:12","slug":"calculation-of-amount-payable-as-bonus","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/calculation-of-amount-payable-as-bonus\/","title":{"rendered":"Calculation of Amount Payable as Bonus"},"content":{"rendered":"\n<p><a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/labour-law-analyst-certification\/\" target=\"_blank\" rel=\"noreferrer noopener\">Go back to Tutorial<\/a><\/p>\n\n\n<pre><a class=\"vsc\" href=\"http:\/\/www.vskills.in\/certification\/Certified- labour law analyst\"><span class=\"vsc-cn\" style=\"text-align: center;\"><span style=\"color: red;\">Certify and Increase Opportunity.<\/span>\n<span style=\"color: green;\">Be <\/span>\nGovt. Certified labour law analyst<\/span><\/a><\/pre>\n<h2>Calculation Of Amount Payable As Bonus<\/h2>\n<p>Under section 6 of The Act has laid down a detailed procedure for the calculation of amount payable as&nbsp;bonus,&nbsp; to employees. First of all, Gross Profit calculate as per First or Second Schedule. From this Gross Profit, the sums deductible under Section 6 deductions take place. Thus, to this figure, we add the sum equal to the difference between the direct tax calculated on gross profit.<\/p>\n<p><a ref=\"magnificPopup\" href=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2018\/05\/calculation-of-amount-payable-as-bonus.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-61036 aligncenter\" src=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2018\/05\/calculation-of-amount-payable-as-bonus-300x199.jpg\" alt=\"Calculation Of Amount Payable As BonusCalculation Of Amount Payable As Bonus\" width=\"300\" height=\"199\"><\/a><\/p>\n<p>For the previous year and the direct tax calculated on gross profit. Arrived at after deducting the bonus paid or payable to the employees. The figure so arrived will be the available surplus. Of this surplus, 67% in case of a company (other than a banking company) and 60% in other cases. Thus, it shall be the \u201callocable surplus\u201d which is the amount available for payment of bonus to employees.<\/p>\n<p><strong>Therefore, the details of such calculations are below:<\/strong><\/p>\n<ul>\n<li><strong>Computation of gross profits<\/strong><\/li>\n<\/ul>\n<ol>\n<li>In the case of banking company be calculated in the manner specified in the First Schedule.<\/li>\n<li>Also, in any other case, be calculated in the manner specified in the Second Schedule.<\/li>\n<\/ol>\n<ul>\n<li><strong>Deductions from gross profits<\/strong><\/li>\n<\/ul>\n<ol>\n<li>Any amount in accordance with the provisions of Section 32(1) by way of depreciation admissible of the Income-tax Act, Thus in accordance with the provisions of the Agricultural Income-tax Law.<\/li>\n<\/ol>\n<ul>\n<li><strong>Calculation of direct tax payable by the employer<\/strong><\/li>\n<li><strong>Computation of available surplus<\/strong><\/li>\n<\/ul>\n<p><strong>&nbsp;<\/strong><strong>For certification in Labour Law Analyst visit \u2013<\/strong><\/p>\n<p><a href=\"https:\/\/www.vskills.in\/certification\/legal\/labour-law-certification\">Government certification<\/a><\/p>\n\n\n<p><a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/labour-law-analyst-certification\/\" target=\"_blank\" rel=\"noreferrer noopener\">Go back to Tutorial<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Go back to Tutorial Certify and Increase Opportunity. Be Govt. Certified labour law analyst Calculation Of Amount Payable As Bonus Under section 6 of The Act has laid down a detailed procedure for the calculation of amount payable as&nbsp;bonus,&nbsp; to employees. First of all, Gross Profit calculate as per First or Second Schedule. From this&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[6299,37],"tags":[7598,6249,6250,6248,6252,6251,7531,7532,3589,6246,6074],"class_list":["post-61035","page","type-page","status-publish","hentry","category-labour-law-analyst","category-legal","tag-calculation-of-amount-payable-as-bonus","tag-labour-law-certificate","tag-labour-law-certificate-online","tag-labour-law-certification","tag-labour-law-course","tag-labour-law-in-india","tag-labour-law-pdf","tag-labour-law-tutorials-2018","tag-online-certification","tag-tutorials-on-labour-law","tag-vskills-certification"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Calculation Of Amount Payable As Bonus | Labour Law | Vskills tutorials<\/title>\n<meta name=\"description\" content=\"Learn calculation of amount payable as Bonus under labour law and boost your learning experience. 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