hi all please clarify my doubt,i.e how to calculate bonus and what is bonus formula.please explain.phani
From India, Guntur
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From India, Guntur
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Dear All,
Presently, 500 employees are working in our firm. We provide monthly bonuses along with the salary. I am currently facing a challenge in calculating and preparing the bonus returns. It is difficult to determine in which payment sheet each employee should be included, and this process is time-consuming. Kindly provide me with instructions on how to simplify the preparation of the Annual Bonus return for all 500 employees.
With Regards,
From India, undefined
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Presently, 500 employees are working in our firm. We provide monthly bonuses along with the salary. I am currently facing a challenge in calculating and preparing the bonus returns. It is difficult to determine in which payment sheet each employee should be included, and this process is time-consuming. Kindly provide me with instructions on how to simplify the preparation of the Annual Bonus return for all 500 employees.
With Regards,
From India, undefined
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Dear all,
I want to know if a bonus is mandatory to pay if an organization is suffering losses for the last three years. Also, if one has not submitted Form D on time, can Form D be submitted later (in March and April)?
Thank you.
From India, Hyderabad
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1I want to know if a bonus is mandatory to pay if an organization is suffering losses for the last three years. Also, if one has not submitted Form D on time, can Form D be submitted later (in March and April)?
Thank you.
From India, Hyderabad
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Dear Sirs,
There have been numerous changes in the Central Labour Rules. Currently, the RLC/DLC has advised not to fill Half-Yearly returns for LIN-seeded establishments, only the Annual Returns for the same. Could you please clarify which is the correct procedure?
Please clarify.
Thank you.
From India, Jalalpur
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There have been numerous changes in the Central Labour Rules. Currently, the RLC/DLC has advised not to fill Half-Yearly returns for LIN-seeded establishments, only the Annual Returns for the same. Could you please clarify which is the correct procedure?
Please clarify.
Thank you.
From India, Jalalpur
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Dear all Please tell me how many return in a year... And date also please help me Regards Sanjeev singh
From India, New Delhi
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From India, New Delhi
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Dear sir We are the labour contrator and having 20 employee, sal we nee to submitt the Form No.A,B,C,D ?
From India, Anand
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From India, Anand
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Any Body Please share actual excel file of bonus register (Form D)
From India, Pune
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From India, Pune
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Dear all,
The Payment of Bonus Act, 1965, and The Bonus Rules, 1975 are applicable to all establishments where the manpower on any day during the financial year is 20 or more (please refer to sec. 1(2)(3)(a),(b)). Once it becomes applicable, the establishments are obligated to adhere to the provisions of the Act & Rules, and shall submit the Forms & Returns in Format A, B, C & D attached to the Bonus Rules, 1975, which shall be maintained in the form of a Register(s) as per "Rule 4. Maintenance of Registers." The Unified Annual Return in Form D (amended from 2019) shall be uploaded on the web portal of the Central Government in the Ministry of Labour and Employment, furnishing information as to the particulars specified in respect of the preceding financial year "on or before the 1st day of February each year" (Ref. Rule 5 of the PoB Rules, 1975). Provided that during inspection, the inspector may require the production of accounts, books, registers, and other documents maintained in electronic form or otherwise. This Rule has been amended/introduced by a notification G.S.R. 58(E), dated 29.1.2019 (w.e.f. 29.1.2019). Please see the copy attached: https://www.staffnews.in/2019/05/payment-of-bonus-amendment-rules-2019.html
Please take note of the amended Form D - Unified Annual Return, which is to be "uploaded on the Ministry of Labour portal." This Form D is published in PDF form. An Excel format is not readily available. (I'll try to upload asap, and you can also convert from PDF format to Excel format for convenience of filling the form & to upload).
For uploading to the portals of the Ministry of Labour, use the login link: https://shramsuvidha.gov.in/resetLoginPassword?emailVerificationKey=bnNzbGqzdy bm9vcDYyaWNvdmg4NWgwZGs&loginId=Y29uc3VsdGhya3VtYX JAZ21haWwuY29t
From India, Bangalore
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The Payment of Bonus Act, 1965, and The Bonus Rules, 1975 are applicable to all establishments where the manpower on any day during the financial year is 20 or more (please refer to sec. 1(2)(3)(a),(b)). Once it becomes applicable, the establishments are obligated to adhere to the provisions of the Act & Rules, and shall submit the Forms & Returns in Format A, B, C & D attached to the Bonus Rules, 1975, which shall be maintained in the form of a Register(s) as per "Rule 4. Maintenance of Registers." The Unified Annual Return in Form D (amended from 2019) shall be uploaded on the web portal of the Central Government in the Ministry of Labour and Employment, furnishing information as to the particulars specified in respect of the preceding financial year "on or before the 1st day of February each year" (Ref. Rule 5 of the PoB Rules, 1975). Provided that during inspection, the inspector may require the production of accounts, books, registers, and other documents maintained in electronic form or otherwise. This Rule has been amended/introduced by a notification G.S.R. 58(E), dated 29.1.2019 (w.e.f. 29.1.2019). Please see the copy attached: https://www.staffnews.in/2019/05/payment-of-bonus-amendment-rules-2019.html
Please take note of the amended Form D - Unified Annual Return, which is to be "uploaded on the Ministry of Labour portal." This Form D is published in PDF form. An Excel format is not readily available. (I'll try to upload asap, and you can also convert from PDF format to Excel format for convenience of filling the form & to upload).
For uploading to the portals of the Ministry of Labour, use the login link: https://shramsuvidha.gov.in/resetLoginPassword?emailVerificationKey=bnNzbGqzdy bm9vcDYyaWNvdmg4NWgwZGs&loginId=Y29uc3VsdGhya3VtYX JAZ21haWwuY29t
From India, Bangalore
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Dear friends,
The amended formats are required to be filled with many details and computations as in Form A to C and Form D to be uploaded on the portals. It will be difficult to collect and group the required data for the whole year and fill in appropriate columns. This will call for coordinated efforts of Finance/Accounts and HR. I would advise the concerned to commission a suitable software linked to your payroll, especially where a larger number of employees' data needs to be collected and filled in the formats. Otherwise, manually, it is not possible to collect and input them in the right places.
Regarding the computation of bonus payable, the formats A-C are to be filled. I suggest the concerned parties prepare Excel sheets, fill in the data. If these are prepared as soon as the audited annual financial accounts are available, the payable amounts of bonus can be determined on a per-person basis. I am aware that in small establishments, bonus amounts are fixed and disbursed on an individual basis, with top-level management empowering different amounts to different employees based on their contributions, dedication, potential, etc. Conversely, in larger establishments, amounts are fixed at a certain percentage, perhaps after an agreement with unions, commonly applicable either as a whole or in groups. This typically ranges between the statutory 8.33% and 20%, with higher percentages also possible. This stipulation applies irrespective of whether the establishment earns a profit or incurs a loss. It is important to note that establishments incurring losses must still pay statutory bonuses at a minimum of 8.33%.
For uploading and further information, please use the following link: https://shramsuvidha.gov.in/eRegister#
From India, Bangalore
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The amended formats are required to be filled with many details and computations as in Form A to C and Form D to be uploaded on the portals. It will be difficult to collect and group the required data for the whole year and fill in appropriate columns. This will call for coordinated efforts of Finance/Accounts and HR. I would advise the concerned to commission a suitable software linked to your payroll, especially where a larger number of employees' data needs to be collected and filled in the formats. Otherwise, manually, it is not possible to collect and input them in the right places.
Regarding the computation of bonus payable, the formats A-C are to be filled. I suggest the concerned parties prepare Excel sheets, fill in the data. If these are prepared as soon as the audited annual financial accounts are available, the payable amounts of bonus can be determined on a per-person basis. I am aware that in small establishments, bonus amounts are fixed and disbursed on an individual basis, with top-level management empowering different amounts to different employees based on their contributions, dedication, potential, etc. Conversely, in larger establishments, amounts are fixed at a certain percentage, perhaps after an agreement with unions, commonly applicable either as a whole or in groups. This typically ranges between the statutory 8.33% and 20%, with higher percentages also possible. This stipulation applies irrespective of whether the establishment earns a profit or incurs a loss. It is important to note that establishments incurring losses must still pay statutory bonuses at a minimum of 8.33%.
For uploading and further information, please use the following link: https://shramsuvidha.gov.in/eRegister#
From India, Bangalore
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