Navigating Bonus Return Forms: What Do I Need to Submit for HR Compliance?

Dear Seniors, I am new to HR Compliance. As you are all aware, in December, we need to submit our Bonus Return to the authorities.

My Query

1) Do we have to submit the bonus return in Form D? What about Forms A, B, and C?
2) Do we need to maintain these forms ourselves, or will HR or Finance provide us with these details?
3) In our HR audit, is Form D sufficient, or do we need to submit all the forms to the auditors?

I am seeking exceptional help from all my seniors. We are a healthcare company based in Delhi.

Regards,
Rajeev

Registers Maintained Under the Payment of Bonus Act-1965

Regarding your query, the following registers are maintained under the statutory provisions of the Payment of Bonus Act-1965:

• Register A: For Available and Allocable Surplus.
• Register B: For Set Off and Set On.
• Register C: For Bonus Payment.
• Register D: For Returns of the Accounting Year for Bonus.

Regards,
V R RAO PULIPAKA

Usually, forms A, B, and C are maintained by the Finance Department. However, these registers are the responsibility of HRD as they have to deal with inspections from labor officers. Therefore, you may only maintain Form D in consultation with your Accounts department.

Regards,
Mangesh Wakodkar
Sr. Executive HR

Forms under the Bonus Act 1965

Please find attached the forms under the Bonus Act 1965.

Regards,
Ashish

1. Register A: For Allowable and Allocable Surplus (Should be maintained by the Finance Dept.)

2. Register B: For Set Off and Set On (Should be maintained by the Finance Dept.)

3. Register C: For Bonus Payment (Should be maintained by HR Dept.)

4. Register D: For Returns of the Accounting Year for Bonus (Should be maintained or submitted by HR Dept to the Labour Officer)

Although forms A and B should be maintained by the finance department, it is the responsibility of the HR function to represent them in audits. There is no way to submit form D in December; this should be submitted within 30 days of the bonus payment.

Regards.

Dear Professionals,

Fifty employees are working in an establishment from April 2014 to the present date, and all are receiving a salary of more than 40,000/-. The basic salary is 15,000. Consequently, the employer has not paid a bonus as they do not fall under the purview of the Bonus Act.

My question is whether the employer needs to file a nil return or not.

Praveen B