Computation of available surplus
Section 33 of the Code on Wages, 2019 deals with computation of available surplus. The available surplus in respect of any accounting year shall be the gross profits for that year after deducting there from the sums referred to in section 34: Provided that the available surplus in respect of the accounting year commencing on any day in a year after the commencement of this Code an The Act was enacted on 08 Aug 2019.
The available surplus in respect of any accounting year shall be the gross profits for that year after deducting there from the sums referred to in section 34:
Provided that the available surplus in respect of the accounting year commencing on any day in a year after the commencement of this Code and in respect of every subsequent accounting year shall be the aggregate of--
(a) the gross profits for that accounting year after deducting there from the sums referred to in section 34; and
(b) an amount equal to the difference between--
(i) the direct tax, calculated in accordance with the provisions of section 35, in respect of an amount equal to the gross profits of the employer for the immediately preceding accounting year; and
(ii) the direct tax, calculated in accordance with provisions of section 35, in respect of an amount equal to the gross profits of the employer for such preceding accounting year after deducting there from the amount of bonus which the employer has paid or is liable to pay to his employees in accordance with the provisions of this Code for that year.
Section 33, The Code on Wages, 2019 (Act 29 of 2019).
Cross-references
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Questions about Section 33
What does Section 33 of the Code on Wages deal with?
Section 33 of the Code on Wages is headed "Computation of available surplus". The available surplus in respect of any accounting year shall be the gross profits for that year after deducting there from the sums referred to in section 34: Provided that the available surplus in respect of the accounting year commencing on any day in a year after the commencement of this Code an
How do I find court cases under Section 33 of the Code on Wages?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Code on Wages 2019 33, section 33 Code on Wages 2019, section 33 of the Code on Wages. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 33 of the Code on Wages, and has it changed?
Its own text turns on section 34 (Sums deductible from gross profits), section 35 (Calculation of direct tax payable by employer), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.
When was Section 33 of the Code on Wages enacted?
Section 33 of the Code on Wages, cited as Code on Wages 2019 33, was enacted on 08 Aug 2019 as Act 29 of 2019. It is in force as at the date shown on this page.
Other sections of this Act
- 2. Definitions1802 words
- 67. Power of appropriate Government to make rules1008 words
- 18. Deductions which may be made from wages883 words
- 26. Eligibility for bonus, etc843 words
- 42. Central Advisory Board and State Advisory Boards663 words
- 51. Appointment of Inspector-cum-Facilitators and their powers456 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 16 Oct 2026. This page is not a substitute for legal advice.