How To Register Under Bonus Act

C a register showing the details of the amount of bonus due to each of the employees the deductions under sees.

How to register under bonus act. Form a b and d with regard to bonus. Act not applicable to certain employees of lic. Form b payment of bonus act. Bonus is to be paid within 8 months of closing the book of accounts. Registers to be maintained under the payment of bonus act 1965.

The objective of the payment of bonus act is to reward the employee of the organization by sharing the profits earned and is linked to productivity. Non applicability of the act. List of forms under bonus act. Register showing the computation of allocable surplus form a 2. Payment of bonus act.

A register showing the details of the amount of bonus due to each of the employees the deductions under sections 17 and 18 and the amount actually disbursed in form c. B a register showing the set on and set off of the allocable surplus under sec. Registration under building other construction workers bocw act 1996 name of approval noc licence registration registration under building other construction workers bocw act 1996 1. 30 may 2012 computation of amount available for distribution as bonus the establishment has to prepare a balance sheet and profit and loss account of the year and calculate the gross profit available surplus and allocable surplus as per method and formula given in bonus act. Under the act bonus is calculated on the basis of the employee s salary and the profits of the establishment.

The establishments covered under the act shall continue to pay the bonus even if the no of employees falls below 20 subsequently. You need to take the relevant information from such person to fill up this register. Forms under bonus act. The payment of bonus act is applicable to any establishment with 20 or more employees or any factory with 10 or more employees. Competent authority labour department 2.

Every employer is required to maintain the following registers in the prescribed form. Register showing the details of the amount of. Form b register is a register of set on and set off of allocable surplus under section 15 of the act. What are the forms maintained under bonus act. Sla number of days 30 days as per citizen charter 4.