It is my humble request before your good self to help me in filling up Annual Return (FORM- IV) under Payment of Wages Act, 1936.
My confusion lies with below mentioned line..
Gross amount paid as remuneration to persons getting less than Rs. 18000 including deduction under section 7(2) ..
of which the amount due to profit sharing bonus is
and that due to money value of concessions * is
My queries are as follows:-
1) Is money value of concessions is mandatory ???
2) Will Professional Tax come under deduction Section 7 (2)
3) What is Profit sharing bonus? Are profit sharing bonus and bonus under Payment of Bonus Act same?
4) Should I include "Profit sharing Bonus & Bonus (under payment of Bonus Act)" to Gross amount paid as remuneration?
5) Should I include Travel Allowance/ Conveyance to Gross Amount paid as remuneration????
I also have attached the FORM- IV & highlighted confusing areas
Waiting for your cooperative response..
Regards,
Monalisa Dutta
From India, Mumbai
1My confusion lies with below mentioned line..
Gross amount paid as remuneration to persons getting less than Rs. 18000 including deduction under section 7(2) ..
of which the amount due to profit sharing bonus is
and that due to money value of concessions * is
My queries are as follows:-
1) Is money value of concessions is mandatory ???
2) Will Professional Tax come under deduction Section 7 (2)
3) What is Profit sharing bonus? Are profit sharing bonus and bonus under Payment of Bonus Act same?
4) Should I include "Profit sharing Bonus & Bonus (under payment of Bonus Act)" to Gross amount paid as remuneration?
5) Should I include Travel Allowance/ Conveyance to Gross Amount paid as remuneration????
I also have attached the FORM- IV & highlighted confusing areas
Waiting for your cooperative response..
Regards,
Monalisa Dutta
From India, Mumbai
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