Determining the reasonableness of the amount of the bonus according to section 36(1)(ii).

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....nus u/s. 36(1)(ii) of the I.T. Act, 1961, the ceiling prescribed u/s. 11(1) of the payment of Bonus Act 1965 should be taken into consideration. 2. Section 11(1) of the Payment of Bonus Act, 1965 requires that where, in respect of any accounting year the allocable surplus exceeds the minimum bonus payable to the employees u/s. 10 ibid, the employer should, in view of such minimum bonus, pay eve....