Section 15. (I) Where for any accounting year the allocable surplus exceeds the amount of maximum bonus payable

(2) Where for any accounting year, there is no available surplus or the allocable surplus in respect of that year fells short of the amount of minimum bonus payable to the employees in the establishment under section 10, and there is no amount or sufficient amount carried forward and set on under sub-section (1) which could be utilised for the purpose of payment of the minimum bonus, then, such minimum amount or the deficiency, as the case may be, shall be carried forward for being set off In the succeeding accounting year and <I9 G of I Ex.—2. Calculation, of bonus with respect to cert Bin employees. Proportionate reduction in bonus in certain cases. Computation of number of working days. Set on and let off of illocable surplus. THE GAZETTE OF INDIA EXTRAORDINARY [PABT II Special provisions with respect to certain establishro«nti. so on up to and inclusive of the fourth accounting year in the manner illustrated in the Fourth Schedule. (3) The principle of set on and aet off as illustrated in the Fourth Schedule shall apply to all other cases not covered by sub-section (1) or sub-section (2) for the purpose of payment of bonus under this Act, (4) Where in any accounting year any amount has been carried forward and set on or aet off under this section, then, in calculating bonus for the succeeding accounting year, the ©mount of set on or set off carried forward from the earliest accounting year shall first be taken into account. 15. (I) Where for any accounting year the allocable surplus exceeds the amount of maximum bonus payable to the employees in the establishment under section 11, then, the excess shall, subject to a limit of twenty per cent, of the total salary or wage of the employees employed in the establishment in that accounting year, be carried forward for being set on in the succeeding accounting year and BO on up to and Inclusive of the fourth accounting year to be utilised for the purpose of payment of bonus in the manner illustrated in the Fourth Schedule.