According to Payment Of Wages Act 1965,
Allocable Surplus means;
In relation to an employer, being a company (other than a banking company) which has not made arrangements prescibed under Income Tax Act for the decalration an payment of dividend in accrdance with section 194 of that Act, 67% of such available surplus in an accounting year.
In any other case 60% of such available surplus.
Allocable Surplus means;
In relation to an employer, being a company (other than a banking company) which has not made arrangements prescibed under Income Tax Act for the decalration an payment of dividend in accrdance with section 194 of that Act, 67% of such available surplus in an accounting year.
In any other case 60% of such available surplus.