Act Number: 29

Act Name: The Code on Wages, 2019

Year: 2019

Enactment Date: 2019-08-08

Long Title: An Act to amend and consolidate the laws relating to wages and bonus and matters connected therewith or incidental thereto.

Ministry: Ministry of Labour and Employment

Department:

Section 32: Computation of gross profits.
    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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