https://www.taxtmi.com/acts?id=37254 Computation of the available surplus uses the employer's gross profits for the accounting year after prescribed deductions and, for years beginning after the Code's commencement, adds a tax-based adjustment equal to the difference between direct tax on the prior year's gross profits and direct tax on those gross profits after deducting bonus paid or payable under the Code, thereby reflecting the tax effect of prior-year bonus payments in the available surplus. en-us Thu, 25 Jul 2019 17:13:07 +0530 Thu, 08 Jan 2026 10:21:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37254 Computation of the available surplus uses the employer's gross profits for the accounting year after prescribed deductions and, for years beginning after the Code's commencement, adds a tax-based adjustment equal to the difference between direct tax on the prior year's gross profits and direct tax on those gross profits after deducting bonus paid or payable under the Code, thereby reflecting the tax effect of prior-year bonus payments in the available surplus. Act-Rules Labour laws Thu, 25 Jul 2019 17:13:07 +0530 https://www.taxtmi.com/acts?id=37254