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Rule 23 of the Code on Wages (Central) Rules, 2026 - Calculation for seventh accounting year

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Last Updated: 08-05-2026

CHAPTER V

PAYMENT OF BONUS

 

23. Calculation for seventh accounting year.[i]

For the seventh accounting year, set on or set off, as the case may be, shall be made under clause (ii) of sub-section (7) of section 26, in the manner illustrated in Appendix A, taking into account the excess or deficiency, if any, as the case may be, of the allocable surplus set on or set off in respect of the fifth, sixth and seventh accounting years.

 

[i] Inserted by Notification No. G.S.RS. 343(E) dated 08-05-2026