This section shall deal with calculations involved under various statutes, in arriving at particular sum, maximum permissible amount or ceiling limits.
Like, computation of book profit For MAT purposes in Income Tax
(or)
Calculation of net profit for the purpose of managerial Remuneration allowable
under Companies Act
(or)
Computation of profit under Payment of Bonus Act.
This Section will deal with those computations, working methods, steps involved and latest revisions to those provisions.
Similarly, this Section will also deal with slabs under Income Tax act, Depreciation rates under Companies act, Contribution rates under PF act and other labour laws, Banking: Fixed and floating rates and time to time revisions wrt the same.