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It is carried forward for being set on in the succeeding accounting year, Explanation: As per Section 36- (1) Where for any accounting year, the allocable surplus exceeds the amount of maximum bonus payable to the employees in the establishment under section 26, then, the excess shall, subject to a limit of twenty per cent. of the total salary or wage of the employees employed in the establishment in that accounting year, be carried forward for being set on in the succeeding accounting year and so on up to and inclusive of the fourth accounting year to be utilised for the purpose of payment of bonus in such manner as may be prescribed by the Central Government.
Which bank entered India's top five companies by market capitalization, surpassing Rs 8 trillion?
In which city did India and Bosnia & Herzegovina hold their fourth Foreign Office Consultations (FOC)?
Which new scheme was launched by Rajasthan to attract private investments across multiple sectors?
India’s First TriHOb is going to be established in?
What is the primary role of the newly incorporated CCIL IFSC in GIFT City?
What is the extended validity date of the Payments Infrastructure Development Fund (PIDF) scheme by the Reserve Bank of India?
YES Bank and ANQ's collaboration on virtual RuPay credit cards emphasizes:
Who has been nominated as the ambassador for the "War Against Waste" initiative in Jammu & Kashmir, as announced by the Directorate of Rural Sanitation,...
A new species of ________ named “Pangasius Icaria” has been found in Cauvery river of the state of Tamil Nadu.
In the Twenty20 cricket format, how many balls does each team play in an innings?