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Tutorial 6: Meaning of Allocable Surplus under POBA, 1965

One of the main term which is used in calculation of bonus is computation of Allocable Surplus. Allocable Surplus is arrived by making adjustments of various items. Calculation is defined under Schedule I for banking company and under Schedule II for any other company. News Detail section below, elaborates the method along with the interpretation in respect of each addition or deletion.

Calculation of Allocable Surplus

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Tutorial 6: Meaning of Allocable Surplus under POBA, 1965

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Tutorial 6: Meaning of Allocable Surplus under POBA, 1965