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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.
As per RBI guidelines, what is the definition of a 'Project Loan'?
The rate applicable to an investment lasting for n years when all the returns are realized at the end is called:
Current Assets (at cost) Rs.24,00,000, Credit Sales Rs. 68,00,000, Cash Sales Rs.600,000, Sales Return Rs.2,00,000. What can be Current Assets Turnover ...
Samarth is a flagship skill development scheme approved in continuation to the Integrated Skill Development Scheme in which sector?
As per the recent guidelines by RBI for issuance of Share Capital by Rural Co-operative Banks, what is the limit of the outstanding amount of PNCPS and ...
Calculate the current Ratio from the above data:
Fixed cost Rs. 80,000; Variable cost Rs. 2 per unit; Selling price_Rs. 10 per unit; turnover required for a profit target of Rs. 60,000.
Which section of RBI Act 1934 prescribes the CAR for SCBA without any floor or ceiling rate? Which section of RBI Act 1934 prescribes the CAR for SCBA w...
Which statement is true out of the following with regards to technical analysis:
What are the prudential exposure limits for UCBs for a group of connected borrowers/parties?