Hi Team, Is it mandatory to submit the Form-D bonus returns for employees below 10? Thanks in advance for your reply.
From India, Kol%u0101r
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From India, Kol%u0101r
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Applicability of the Payment of Bonus Act
The Payment of Bonus Act applies to factories without reference to the number of employees. However, it will apply to shops and commercial establishments if there are or were at least 20 employees. Therefore, if your establishment never had 20 employees, then the Act itself is not applicable to you. If so, why should we submit the returns? That is not required.
From India, Kannur
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4526The Payment of Bonus Act applies to factories without reference to the number of employees. However, it will apply to shops and commercial establishments if there are or were at least 20 employees. Therefore, if your establishment never had 20 employees, then the Act itself is not applicable to you. If so, why should we submit the returns? That is not required.
From India, Kannur
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Amendment to Payment of Bonus Act 2015.jpg
Bigger bonuses for more as Lok Sabha amends Payment of Bonus Act - The Economic Times.pdf
THE PAYMENT OF BONUS ACT.doc