Dear All, In my organization we do not pay Bonuses to employees however Performance Linked Bonus is payable to some employees (those who have the component as a part of their CTC). Is it required for us to maintain a bonus register?? If yes please clarify how the same is to be done.
Regards
From India, Mumbai
2Regards
From India, Mumbai
Dear,
The Bonus which we are given under Payment of Bonus Act 1965 then after we must submit Form D (Rule 5) which is Annual Return stating the amount of Bonus paid to employees within 30 days after the expiry of time limit specified for payment of Bonus.
Note that Time Limit for the said purpose is within a period of eight months from the close of Accounting Year.
With Regards,
Vineet Deshmukh
From India, Yavatmal
The Bonus which we are given under Payment of Bonus Act 1965 then after we must submit Form D (Rule 5) which is Annual Return stating the amount of Bonus paid to employees within 30 days after the expiry of time limit specified for payment of Bonus.
Note that Time Limit for the said purpose is within a period of eight months from the close of Accounting Year.
With Regards,
Vineet Deshmukh
From India, Yavatmal
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