How To Register Under Bonus Act

Act not applicable to certain employees of lic.

How to register 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. Registers to be maintained under the payment of bonus act 1965. Stage post and pre commissioning stage 3. 22nd september 2012 from india kumbakonam. Sla number of days 30 days as per citizen charter 4.

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. What are the forms maintained under bonus act. 17 and 18 and the amount actually disbursed in form c. Query on bonus register as per rule 4 a 4 b corporate law. Forms under bonus act.

Form b register is a register of set on and set off of allocable surplus under section 15 of the act. Register showing the computation of allocable surplus form a 2. Register showing the details of the amount of. You need to take the relevant information from such person to fill up this register. You need to study and understand this section.

The payment of bonus act applies to the whole of india. Computation of allocable surplus and set on set off is a subject of a person who does finalization of accounts. The payment of bonus act 1965 provides for the annual payment of bonus to employees of certain establishments including factories and establishments employing 20 or more persons. Bonus is to be paid within 8 months of closing the book of accounts. C a register showing the details of the amount of bonus due to each of the employees the deductions under sees.

Competent authority labour department 2. Form a bonus act word format. The establishments covered under the act shall continue to pay the bonus even if the no of employees falls below 20 subsequently. Under the act bonus is calculated on the basis of the employee s salary and the profits of the establishment. Form a under bonus act.