Upgrad LLM

a clarity on set on/off of allocable surplus


Hello everyone,

As per the payment of bonus act, the condition of set on and set off of allocable surplus is:

* If allocable surplus is less than minimum bonus, "set off" shall be applicable

* If allocable surplus is higher than maximum bonus, "set on" shall be applicable

I want to know what will we do in case our allocable surplus is higher than minimum bonus and less than maximum bonus?

For example if minimum bonus is 1 lac and maximum bonus is 3 lacs and allocable surplus (including any previous available set on) is 2 lacs, what will we do?

and

If minimum bonus is 1 lac and maximum bonus is 3 lacs and allocable surplus (excluding any previous available set on) is 2 lacs, what will we do?

Thanks in anticipation

Rdgs,

Vikas


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