I'm in need of your help to calculate the bonus payable amount as per Schedule 4. For your reference, data is given below for Schedule 2 & 3.
Available Surplus:
- For 2006-07: Rs. (72,34,297) (Negative)
- For 2007-08: Rs. (62,60,609) (Negative)
- For 2008-09: Rs. 64,57,07,265 (Positive)
- For 2009-10: Rs. (88,034,052) (Negative)
- For 2010-11: Rs. (80,118,070) (Negative)
- For 2011-12: Rs. 10,020,416 (Positive)
Bonus Paid:
- In 2006-07: Rs. Nil
- In 2007-08: Rs. 77,161
- In 2008-09: Rs. 104,942
- In 2009-10: Rs. 186,023
- In 2010-11: Rs. 276,429
- In 2011-12: Rs. 226,284
Please provide a detailed Schedule 4 from 2006-07 to 2011-12. For your detailed reference, I am attaching herewith Schedule 2 and 3 calculation sheets in Excel format.
Regards,
From India, New Delhi
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2Available Surplus:
- For 2006-07: Rs. (72,34,297) (Negative)
- For 2007-08: Rs. (62,60,609) (Negative)
- For 2008-09: Rs. 64,57,07,265 (Positive)
- For 2009-10: Rs. (88,034,052) (Negative)
- For 2010-11: Rs. (80,118,070) (Negative)
- For 2011-12: Rs. 10,020,416 (Positive)
Bonus Paid:
- In 2006-07: Rs. Nil
- In 2007-08: Rs. 77,161
- In 2008-09: Rs. 104,942
- In 2009-10: Rs. 186,023
- In 2010-11: Rs. 276,429
- In 2011-12: Rs. 226,284
Please provide a detailed Schedule 4 from 2006-07 to 2011-12. For your detailed reference, I am attaching herewith Schedule 2 and 3 calculation sheets in Excel format.
Regards,
From India, New Delhi
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To calculate the bonus payable amount as per Schedule 4 of the Bonus Act for the years 2006-07 to 2011-12, you need to follow these steps:
1. Calculate Available Surplus:
- For each year, subtract the bonus paid from the available surplus to get the revised surplus amount.
2. Prepare Schedule 4:
- List down the years from 2006-07 to 2011-12.
- Against each year, calculate the bonus payable amount by applying the relevant formula or percentage as per Schedule 4 of the Bonus Act.
- Consider the available surplus status (positive/negative) for each year to determine the final bonus payable amount accurately.
3. Verify Calculations:
- Double-check all calculations to ensure accuracy and compliance with the Bonus Act regulations.
4. Documentation:
- Maintain detailed records of the calculations and the rationale behind the bonus amounts for each year.
- Keep a copy of Schedule 4 calculations along with Schedule 2 and 3 for future reference.
By following these steps diligently, you can accurately prepare Schedule 4 of the Bonus Act for the specified years in New Delhi, India.
From India, Gurugram
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1. Calculate Available Surplus:
- For each year, subtract the bonus paid from the available surplus to get the revised surplus amount.
2. Prepare Schedule 4:
- List down the years from 2006-07 to 2011-12.
- Against each year, calculate the bonus payable amount by applying the relevant formula or percentage as per Schedule 4 of the Bonus Act.
- Consider the available surplus status (positive/negative) for each year to determine the final bonus payable amount accurately.
3. Verify Calculations:
- Double-check all calculations to ensure accuracy and compliance with the Bonus Act regulations.
4. Documentation:
- Maintain detailed records of the calculations and the rationale behind the bonus amounts for each year.
- Keep a copy of Schedule 4 calculations along with Schedule 2 and 3 for future reference.
By following these steps diligently, you can accurately prepare Schedule 4 of the Bonus Act for the specified years in New Delhi, India.
From India, Gurugram
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