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of <h1>Calculate Available Surplus Under Code on Wages, 2019: Gross Profits Minus Deductions in Section 34</h1> The available surplus for any accounting year under the Code on Wages, 2019, is determined by calculating the gross profits for that year and subtracting the deductions outlined in section 34. For accounting years commencing after the Code's enactment, the available surplus is the sum of the net gross profits and the difference in direct tax calculated on the gross profits of the preceding year, adjusted for the bonus paid or payable under the Code. This calculation ensures that the surplus reflects both current profitability and tax adjustments related to employee bonuses.
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