The gross profits derived by an employer from an establishment in respect of any accounting year shall-
(a) in the case of a banking company, be calculated in the manner specified in the First Schedule ;
(b) in any other case, be calculated in the manner specified in the Second Schedule.
Bonus
Schedule I - S 4(a) - Computation of Gross Profit In A Banking Company
Schedule II - S 4(b): Computation Of Gross Profit in non-Banking Companies
