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5. Nishtha Ltd. is a manufacturing company situated in Kanpur. The company is manufacturing shoes for school going kids. It wants to declare bonus to

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5. Nishtha Ltd. is a manufacturing company situated in Kanpur. The company is manufacturing shoes for school going kids. It wants to declare bonus to its employees for the year ended 31st March, 2020. The company has a Gross Profit of 6,00,00,000. Enumerate to the company the sums that shall be deducted from gross profit as prior charges. Give your answer as per the provisions of the Payment of Bonus Act, 1965

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