CSR Calculation

Every company subject to the provisions of section 135 is required to spend at least two percent of the average net profits of the company made during the three immediately preceding financial years in pursuance of its Corporate Social Responsibility (CSR) Policy.

The company is required to calculate the “net profit” in accordance with the provisions of section 198. Section 198 provides the calculation of sums by giving credits/debits to the items from the profit and loss statement.

To simplify the calculation, MMJC has developed a mechanism to calculate the net profit as per section 198 using the direct method. click here for calculate