Urgent Request for Form-III and Form-2 Compliance Documents in Delhi, India

Dear Seniors,

We have an urgent need for Form-III (Register of Advance) under the Payment of Wages Act, 1936, and U.P Payment of Wages Rules, 1936. Additionally, we require Form-2 for the set-on and set-off of the allocable surplus under the Payment of Bonus Act, 1965, and Rules 1975.

Thank you

**Location**: Delhi, India

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Register of Advance (Form-III) under Payment of Wages Act, 1936:

To comply with the Payment of Wages Act, 1936, and the U.P Payment of Wages Rules, 1936, the Form-III (Register of Advance) is a crucial document that needs to be maintained by employers. This form serves as a record of all advances given to employees against their wages. Here's a practical guide to handling Form-III effectively:

- Purpose: Form-III helps in maintaining transparency and accountability regarding advances provided to employees.

- Steps to maintain Form-III:
- Record all advances given to employees in this register.
- Include details such as the date of advance, amount, purpose, and recipient.
- Ensure that both the employer and employee sign against each entry.

- Compliance: Regularly update Form-III and ensure it is readily available for inspection by labor authorities.

Set-on and Set-off of Allocable Surplus (Form-2) under Payment of Bonus Act, 1965:

Form-2 is essential for managing the set-on and set-off of the allocable surplus under the Payment of Bonus Act, 1965, and Rules 1975. This form facilitates the calculation and adjustment of bonus payments based on the allocable surplus. Here's a practical approach to handling Form-2:

- Understanding Allocable Surplus: This is the surplus available for distribution as bonus among eligible employees.

- Steps to set-on and set-off using Form-2:
- Calculate the allocable surplus as per the provisions of the Act.
- Determine the amount available for bonus distribution.
- Use Form-2 to adjust any excess or shortfall from previous years.

- Compliance: Ensure accurate calculations and timely adjustments to comply with legal requirements.

By maintaining Form-III and Form-2 accurately, organizations can demonstrate adherence to labor laws and ensure fair treatment of employees in terms of wages and bonus distribution.

📝 Remember, meticulous record-keeping and compliance are key to fulfilling statutory obligations under these acts.