Hello Friends,
Q.1 Can anybody guide me what are the registers we need to maintain for Bonus? How to maintain it?
Q.2 If any staff living befor we calculate bonus for that fin. yr.? how do we pay his bonous at the time of his F&F.
Q.3 Is it right way if we are telling him to collect at the time of Bonus Distribution.
Regards,
Madhura
From India
12Q.1 Can anybody guide me what are the registers we need to maintain for Bonus? How to maintain it?
Q.2 If any staff living befor we calculate bonus for that fin. yr.? how do we pay his bonous at the time of his F&F.
Q.3 Is it right way if we are telling him to collect at the time of Bonus Distribution.
Regards,
Madhura
From India
Thank U Mr. Khola for ur reply. In case of A,B C register I m confused. Can any body else guide me in know more about A,B,C, register & how to maintain it? Regards
From India
From India
A & B register are to be maintained by Finance/ Accounts Deeprtments in our company Form C is maintained by HR department.
From India, Pune
From India, Pune
Hi Madhura, Yes A,B & C register are available but all HR - Deptt. is maintained only C register will be applicable A & B is also used Accounts & Finance. thanks, Chander HR - Exec.
From India, New Delhi
From India, New Delhi
How to calculate bonus and grauity ( while calcuationg the same basic+hra+da+pa) what to be taken please help me for the same what is the limit to get the bonus
From India, Mumbai
From India, Mumbai
Dear Madhura,
attaching some Bonus payout documentation for your reference, i too had some similar query and had come across this file on net. hope this helps you.
registers to be maintained -
a) a register showing the computation of the allocable surplus referrred to in clause (4) of section 2, in form A
b) a register showing the set-on and set-off of the allocable surplus, under section 15, in form B
c) 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
additionally form D (Annual Returns) register needs to be maintained. Every employer shall send a return in Form D to the inspector so as to reach him within 30 days after expiry of the time limit specified in section 19 for payment of bonus.
please go thru the below website for the formats of the registers:
HRindiaonline.com — forum where potential meets opportunities <link updated to site home> ( Search On Cite | Search On Google )
hope this helps,
regards,
rosa
From India, Mumbai
attaching some Bonus payout documentation for your reference, i too had some similar query and had come across this file on net. hope this helps you.
registers to be maintained -
a) a register showing the computation of the allocable surplus referrred to in clause (4) of section 2, in form A
b) a register showing the set-on and set-off of the allocable surplus, under section 15, in form B
c) 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
additionally form D (Annual Returns) register needs to be maintained. Every employer shall send a return in Form D to the inspector so as to reach him within 30 days after expiry of the time limit specified in section 19 for payment of bonus.
please go thru the below website for the formats of the registers:
HRindiaonline.com — forum where potential meets opportunities <link updated to site home> ( Search On Cite | Search On Google )
hope this helps,
regards,
rosa
From India, Mumbai
Hello,
I was wondering when I gone through this post, I am working with one of the MNC where we have outsource our CA/Accounting work.
As I joined recently this company I dont have idea @ weathere they are maintaing the register or not.
This is an IT company do the same rules are applicable to the IT MNC as well?
Kindly guide me on this, being a new HR what will be my responsibalities in this case?
Regards,
Harshada
From India, Pune
I was wondering when I gone through this post, I am working with one of the MNC where we have outsource our CA/Accounting work.
As I joined recently this company I dont have idea @ weathere they are maintaing the register or not.
This is an IT company do the same rules are applicable to the IT MNC as well?
Kindly guide me on this, being a new HR what will be my responsibalities in this case?
Regards,
Harshada
From India, Pune
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PAYMENT REGISTER.xls
Guide for Payment of Gratuity to Teachers.pdf
Amendment to Payment of Bonus Act 2015.jpg