Dear Seniors,
I am new to HR Compliance. As you are all aware, in December, we need to submit our Bonus Return to the authorities.
My query is:
1) Do we have to submit the bonus return in Form D? What about Forms A, B, and C?
2) Do we need to maintain these forms ourselves, or will HR or Finance provide us with these details?
3) In our HR audit, is Form D sufficient, or do we need to submit all the forms to the auditors?
I am seeking exceptional help from all my seniors. We are a healthcare company based in Delhi.
Rajeev
From United States, Cambridge
I am new to HR Compliance. As you are all aware, in December, we need to submit our Bonus Return to the authorities.
My query is:
1) Do we have to submit the bonus return in Form D? What about Forms A, B, and C?
2) Do we need to maintain these forms ourselves, or will HR or Finance provide us with these details?
3) In our HR audit, is Form D sufficient, or do we need to submit all the forms to the auditors?
I am seeking exceptional help from all my seniors. We are a healthcare company based in Delhi.
Rajeev
From United States, Cambridge
Dear Member,
Regarding your query, the following registers are maintained under the statutory provisions of the Payment of Bonus Act-1965:
1. Register A: For Available and Allocable Surplus.
2. Register B: For Set Off and Set on.
3. Register C: For Bonus Payment.
4. Register D: For Returns of the Accounting Year for Bonus.
Regards,
V R RAO PULIPAKA
From India, Bangalore
Regarding your query, the following registers are maintained under the statutory provisions of the Payment of Bonus Act-1965:
1. Register A: For Available and Allocable Surplus.
2. Register B: For Set Off and Set on.
3. Register C: For Bonus Payment.
4. Register D: For Returns of the Accounting Year for Bonus.
Regards,
V R RAO PULIPAKA
From India, Bangalore
Dear,
Usually, forms A, B, and C are maintained by the Finance Department. However, these registers are the responsibility of HRD as they have to deal with inspections from labor officers. Therefore, you may only maintain Form D in consultation with your Accounts department.
Mangesh Wakodkar Sr. Executive HR
From India, Pune
Usually, forms A, B, and C are maintained by the Finance Department. However, these registers are the responsibility of HRD as they have to deal with inspections from labor officers. Therefore, you may only maintain Form D in consultation with your Accounts department.
Mangesh Wakodkar Sr. Executive HR
From India, Pune
Dear Rajeev,
1. Register A: For Allowable and Allocable Surplus (Should be maintained by the Finance Dept.)
2. Register B: For Set Off and Set On (Should be maintained by the Finance Dept.)
3. Register C: For Bonus Payment (Should be maintained by HR Dept.)
4. Register D: For Returns of the Accounting Year for Bonus (Should be maintained or submitted by HR Dept to the Labour Officer)
Although forms A and B should be maintained by the finance department, it is the responsibility of the HR function to represent them in audits. There is no way to submit form D in December; this should be submitted within 30 days of the bonus payment.
From India, Ghaziabad
1. Register A: For Allowable and Allocable Surplus (Should be maintained by the Finance Dept.)
2. Register B: For Set Off and Set On (Should be maintained by the Finance Dept.)
3. Register C: For Bonus Payment (Should be maintained by HR Dept.)
4. Register D: For Returns of the Accounting Year for Bonus (Should be maintained or submitted by HR Dept to the Labour Officer)
Although forms A and B should be maintained by the finance department, it is the responsibility of the HR function to represent them in audits. There is no way to submit form D in December; this should be submitted within 30 days of the bonus payment.
From India, Ghaziabad
Dear all Please send to me the annual returns format ( karnataka ) f Y 2013-2014 & 2014-2015 in excel Regards Satish J R
From India, Bangalore
From India, Bangalore
Dear Professionals,
Fifty employees are working in an establishment from April 2014 to the present date, and all are receiving a salary of more than 40,000/-. The basic salary is 15,000. Consequently, the employer has not paid a bonus as they do not fall under the purview of the Bonus Act.
My question is whether the employer needs to file a nil return or not.
Praveen B
From India, Bangalore
Fifty employees are working in an establishment from April 2014 to the present date, and all are receiving a salary of more than 40,000/-. The basic salary is 15,000. Consequently, the employer has not paid a bonus as they do not fall under the purview of the Bonus Act.
My question is whether the employer needs to file a nil return or not.
Praveen B
From India, Bangalore
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