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 ... Summary
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.
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