Payment of Bonus Act,1965

Act No : 21

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Section : Computation of gross profits.

1*[4. Computation of gross profits.- The gross profits derived by an employer from an establishment in respect of any accounting year shall-- (a) in the case of a banking company, be calculated in the manner specified in the First Schedule; --------------------------------------------------------------------- 1. Subs. by Act 66 of 1980, s. 3, for s. 4 (w.e.f. 21-8-1980). 431 (b) in any other case, be calculated in the manner specified in the Second Schedule.]

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