0 points
Time management is very much important in IIT JAM. The eduncle test series for IIT JAM Mathematical Statistics helped me a lot in this portion. I am very thankful to the test series I bought from eduncle.
Nilanjan Bhowmick AIR 3, CSIR NET (Earth Science)
- UGC NET
- Human Resource Management
As per the provisions of the payment of Bonus Act, 1965, set off can be done for next how many accounting years?
Choose Your Answer:
0 Attempts
Submit Now
- 0 Likes
- 1 Comments
- 0 Shares
-
![comment-profile-img]()
>
Do You Want Better RANK in Your Exam?
Start Your Preparations with Eduncle’s FREE Study Material
- Updated Syllabus, Paper Pattern & Full Exam Details
- Sample Theory of Most Important Topic
- Model Test Paper with Detailed Solutions
- Last 5 Years Question Papers & Answers
Sign Up to Download FREE Study Material Worth Rs. 500/-
Eduncle Best Answer
Set ON and Set OFF of allocable surplus new establishments
Where the allocable surplus exceeds the maximum bonus payable, be carried forward for being set on in the succeeding accounting year and so on up to and inclusive of the fourth accounting year to be utilised for the purpose of payment of bonus in the manner illustrated in the fourth schedule. This is called Set ON.
Similarly, when there is no available surplus in respect of that year, falls short of the amount of minimum bonus payable to the employees, and there is no amount of sufficient amount carried forward then, such minimum amount or the deficiency, shall be carried forward for being set off in the succeeding accounting year and so on up to and inclusive of the fourth accounting year in the manner illustrated in the fourth schedule. This is called Set OFF