Bonus Computation — Schedule A & Schedule B

Gross profits, available surplus and allocable surplus under the Payment of Bonus Act, 1965, and the bonus payable that follows from them. The two schedules are one page because Schedule A cannot be computed without Schedule B's allocable surplus.

🏢Establishment & accounting year

Name of the establishment

Accounting year ending

Type of establishmentThe Act computes gross profits differently for banking companies (Second Schedule) and everyone else (Third Schedule).

StateSets the minimum wage used as the section 12 calculation base.

Skill category for that base

📘Schedule B — Computation of gross profits Third Schedule

GROSS PROFITS

₹0

Prior charges — section 6

Depreciation admissible under section 32(1), Income-tax Act

Development allowance

Direct taxes payable

Further sums under the Sixth Schedule

Allocable surplus — section 2(4)

Share of available surplus67% for a company that does not pay dividend outside India; 60% otherwise.

Gross profits₹0

Less: prior charges (s.6)₹0

Available surplus₹0

Allocable surplus₹0

📗Schedule A — Computation of bonus payable

Employees eligibleDrawing wages up to ₹21,000 a month — section 2(13).

Calculation base per employee, per month₹7,000 or the minimum wage for the scheduled employment, whichever is higher — section 12.

Total annual bonus-qualifying wagesBase × 12 × eligible employees. Overwrite if your actual figure differs.

Amount set on / set off brought forwardPositive = set on available to draw down. Fourth Schedule, four accounting years.

Allocable surplus (Schedule B)₹0

Qualifying wages₹0

Surplus as % of wages—

Bonus percentage applied8.33%

Bonus payable₹0