How To Register Under Bonus Act

The establishments covered under the act shall continue to pay the bonus even if the no of employees falls below 20 subsequently.

How to register under bonus act. List of forms under bonus act. What are the forms maintained under bonus act. The payment of bonus act applies to the whole of india. 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. B a register showing the set on and set off of the allocable surplus under sec.

Non applicability of the act. Every employer is required to maintain the following registers in the prescribed form. 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. You need to take the relevant information from such person to fill up this register. Forms under bonus act.

Register showing the computation of allocable surplus form a 2. Register showing the set on and set off of the allocable surplus form b 3. Form b register is a register of set on and set off of allocable surplus under section 15 of the act. 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. 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.

Form b payment of bonus act. The provision of this act applies to the. Act not applicable to certain employees of lic. 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. Stage post and pre commissioning stage 3.

Payment of bonus act applicability. Registers to be maintained under the payment of bonus act 1965. Computation of allocable surplus and set on set off is a subject of a person who does finalization of accounts. Bonus is to be paid within 8 months of closing the book of accounts. Form a under bonus act.