Bonus calculation rules govern set on or set off for the seventh accounting year by adjusting allocable surplus across prior years. Rule 23 prescribes the method for calculation for the seventh accounting year under the payment of bonus framework. Set on or set off for that year must be made under clause (ii) of sub-section (7) of section 26, in the manner illustrated in Appendix A. The computation must take into account any excess or deficiency in the allocable surplus already set on or set off in respect of the fifth, sixth and seventh accounting years.
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Provisions expressly mentioned in the judgment/order text.
Bonus calculation rules govern set on or set off for the seventh accounting year by adjusting allocable surplus across prior years.
Rule 23 prescribes the method for calculation for the seventh accounting year under the payment of bonus framework. Set on or set off for that year must be made under clause (ii) of sub-section (7) of section 26, in the manner illustrated in Appendix A. The computation must take into account any excess or deficiency in the allocable surplus already set on or set off in respect of the fifth, sixth and seventh accounting years.
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