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Bonus - Maintenance of Statutory Records

Posted @ December 27, 2013, 3:27 am under (Labour Law)

Maintenance of Registers & Records under Payment of Bonus Act: 
1. A Register showing the Computation of the allocable Surplus referred to in clause (4) of Section 2, in FORM A.
2. A Register showing the set-on and set-off of the allocable surplus, under Section 15, in FORM B.
3. A Register showing the details of the amount of the Bonus Due to each of the Employees, the deductions under Section 17 & Section 18 and the amount actually disbursed, in FORM C.

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