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CHAPTER IV PAYMENT OF BONUS

Section 32: Computation of gross profits

The Code on Wages, 2019

The gross profits derived by an employer from an establishment in respect of the accounting year shall,—

(a) in the case of a banking company, be calculated in the manner as may be prescribed by the Central Government;

(b) in any other case, be calculated in the manner as may be prescribed by the Central Government.

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