Form A - Computation of the Allocable Surplus

Employer shall maintain a Register showing the computation of the allocable surplus referred to in Clause (4) of Section 2 in the given format. 

Allocable surplus shall be:

  • in relation to an employer, being a company other than a banking company, which has not made the arrangements prescribed under the Income Tax Act for the declaration and payment within India of the dividends payable out of its profits in accordance with the provisions of section 194 of that Act, 67 % of the available surplus in an accounting; year.
  • in any other case, 60% of such available surplus.

‚ÄčAvailable surplus in respect of any accounting year shall be the gross profits for that year after deducting therefrom the sums deductible as per Section 6.


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