Vidhi Codex

section 4

Computation of gross profits

The Payment of Bonus Act, 1965
Labour196541 sections
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Statutory text

Computation of gross profits.- The gross profits derived by an employer from an establishment in respect of any accounting year shall--

  1. (a) in the case of a banking company, be calculated in the manner specified in the First Schedule;
  2. (b) in any other case, be calculated in the manner specified in the Second Schedule.

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