Substitution of new Schedule for the Fourth Schedule

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Full Text of the Document

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....s 10, 15 and 16) The illustration in this Schedule has been worked out with reference to an establishment which has an annual salary or wage bill of rupees one lakh, twenty per cent. of which amounts to Rs. 20,000 and four per cent. of which amounts to Rs. 4,000. Year Amount equal to sixty per cent. or sixty-seven per cent., as the case may be, of available surplus allocable as bonu....