Payment f Bonus Act is absolutely clear about Calculation of Bonus and it will determine the % of Bonus. Yes as per Bonus Act the calculation starts from Gross Profit to arrive at available surplus and then allocable surplus along with % of Bonus pay out.
There is also provisions for "Set on"and "SET OFF". Please talk to your finance team for better understanding of the same. It is always better to have audit of the Bonus calculation by authorised Auditor.
S. K. Bandyopadhyay ( Howrah, WB)
+91 98310 81531