Srinath Sai Ram
Hr Manager
+1 Other

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DEAR ALL, IF WE PAID ANNUAL BONUS AS PER PRODUCTION BASE NOT AS PER PROFIT AND LOSS.IS IT REQUIRED FOR SUBMIT FORM-A AND FORM-B. Thanx Anil
From India, Bhubaneswar
Dear Anil, you have to maintain Form A, B & C.The question of submitting Form-A&B does not arise until the same is called for by the Statutory Authority
From India, New Delhi
Even if you pay production bonus, you have to pay bonus as provided in the act. No one can pay some amount ( production bonus in your case) as bonus amount. Productivity is base for production bonus; and it is not statutory. If your salary is linked to productivity, then yes.
From India, Mumbai
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