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        Labour laws

        Rule 24 - Computation of gross profits for banking company

        Code on Wages (Central) Rules, 2026
        Chapter V
        PAYMENT OF BONUS

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        Gross profits computation for banking companies under wage rules follows Appendix B for bonus-related purposes. Computation of gross profits for a banking company for the accounting year must be made in the manner specified in Appendix B. The rule applies where the employer is a banking company covered by clause (a) of section 32 and sets the method for determining gross profits derived from an establishment for bonus-related purposes.
                    Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                      Provisions expressly mentioned in the judgment/order text.

                          Gross profits computation for banking companies under wage rules follows Appendix B for bonus-related purposes.

                          Computation of gross profits for a banking company for the accounting year must be made in the manner specified in Appendix B. The rule applies where the employer is a banking company covered by clause (a) of section 32 and sets the method for determining gross profits derived from an establishment for bonus-related purposes.


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