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Allowable surplus under the Payment of Bonus Act, 1965, refers to the amount of surplus that can be distributed as bonuses to employees. It is calculated based on the company's profits, taking into account certain deductions such as depreciation, taxes, and other liabilities. The allowable surplus is determined after accounting for the minimum bonus requirements and any other statutory obligations. The Act ensures that the distribution of bonuses is fair and proportionate to the company's financial performance.

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Whether principal employer has any liability for making payment reimbursement of bonus for the contractor worker as per payment of bonus act 1965?

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