The Fourth Schedule

Year

Amount equal to sixty percent or sixty-seven percent as the case may be, of available surplus allocable as bonus

Amount payable as bonus

Set on or set off of the year carried forward

Total set on or set off carried forward

1

2

3

4

5

Rs.

Rs.

Rs.

Rs. of (year)

1.

1,04,167

1,04,167**

Nil

Nil

2.

6,35,000

2,50,000*

Set on 2,50,000*

Set on
2,50,000 (2)

3.

2,20,000

2,50,000* (inclusive of 30,000 from year-2)

Nil

Set on
2,20,000 (2)

4.

3,75,000

2,50,000*

Set on 1,25,000

Set on 2,20,000 (2) 1,25,000 (4)

5.

1,40,000

2,50,000* (inclusive of 1,10,000 from year-2)

Nil

Set on 1,10,000 (2) 1,25,000 (4)

6.

3,10,000

2,50,000*

Set on
60,000

Set on Nil*** (2)
1,,25,000 (4)
60,000 (6)

7.

1,00,000

2,50,000* (inclusive of 1,25,000 from year-4 and 25,000 from year-6)

Nil

Set on
35,000 (6)

8.

Nil
(due to loss)

1,04,167** (inclusive of 35,000 from year-6)

Set off
69,167

Set on
69,167 (8)

9.

10,000

1,04,167**

Set off
94,167

Set off
69,167 (8)
94,167 (9)

10.

2,15,000

1,04,167** (after setting off 69,167 from year-8 and 41,666 from year-9)

Nil

Set off
52,501