Gross profits computation rule governs bonus-related calculations for non-banking establishments under the prescribed wage framework. Computation of gross profits for an establishment other than a banking company under the bonus framework is to be made with reference to the employer's gross profits for the accounting year in the manner specified in Appendix C. The rule applies where the employer falls outside the banking-company category and operates as the prescribed method for determining gross profits for purposes connected with payment of bonus under the wage rules.
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 rule governs bonus-related calculations for non-banking establishments under the prescribed wage framework.
Computation of gross profits for an establishment other than a banking company under the bonus framework is to be made with reference to the employer's gross profits for the accounting year in the manner specified in Appendix C. The rule applies where the employer falls outside the banking-company category and operates as the prescribed method for determining gross profits for purposes connected with payment of bonus under the wage rules.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
