Question

According to Section 36(4) of the Code on Wages, 2019,

Q: Answer-According to Section 36(4) of the Code on Wages, 2019, what is the purpose of carrying forward exces...

To utilize for the payment of bonus in subsequent years, Explanation As per Section 36- 4 Where in any accounting year any amount has been carried forward and set on or set off under this section, then, in calculating bonus for the succeeding accounting year, the amount of set on or set off carried forward from the earliest accounting year shall first be taken into account.

what is the purpose of carrying forward excess allocable surplus or minimum bonus to the succeeding accounting years?

A To invest in employee welfare programs

B To distribute as dividends to shareholders

C To utilize for the payment of bonus in subsequent years

D To pay off company debts

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According to Section 36(4) of the Code on Wages, 2019,

Solution