Dear Senior,
I am facing a problem while filling Annual Return (Form - IV) under the Payment of Wages Act, 1936. I could not understand the term - NON-PROFIT SHARING BONUS. Can anyone please tell me whether Non-Profit Sharing Bonus is a Statutory Bonus or something else? I have also attached Form - IV and highlighted the confusing terms.
Waiting for a cooperative reply.
Regards,
Sangharsha ME
9611129716
Acknowledge(0)
Amend(0)
I am facing a problem while filling Annual Return (Form - IV) under the Payment of Wages Act, 1936. I could not understand the term - NON-PROFIT SHARING BONUS. Can anyone please tell me whether Non-Profit Sharing Bonus is a Statutory Bonus or something else? I have also attached Form - IV and highlighted the confusing terms.
Waiting for a cooperative reply.
Regards,
Sangharsha ME
9611129716
Acknowledge(0)Amend(0)
2508CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Payment of wages Act FORM IV - Annual Retruns.doc
Amendment to Payment of Bonus Act 2015.jpg
Bigger bonuses for more as Lok Sabha amends Payment of Bonus Act - The Economic Times.pdf