Gross profits for banking company bonus calculation must follow the prescribed Appendix B method under the wage rules. Computation of gross profits for a banking company for payment of bonus is to be made in the manner specified in Appendix B where the employer is a banking company covered by clause (a) of section 32. The rule applies to gross profits derived from an establishment in respect of the accounting year and directs the prescribed appendix-based method.
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Gross profits for banking company bonus calculation must follow the prescribed Appendix B method under the wage rules.
Computation of gross profits for a banking company for payment of bonus is to be made in the manner specified in Appendix B where the employer is a banking company covered by clause (a) of section 32. The rule applies to gross profits derived from an establishment in respect of the accounting year and directs the prescribed appendix-based method.
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