Payment of Bonus Act - Checklist - Business & Economy - Entrepreneurship - TIK Share

Payment of Bonus Act - Checklist


Vedanta Deshika

2014-02-22

Following is the illustrative checklist under the Act

1. Check whether the Act is applicable to the establishment.


2. Check whether it is a new establishment or an establishment in public sector.


3. Check whether bonus is paid to all employees drawing salary or wage not exceeding Rs. 10,000/- per month.


4.Employer to maintain : -

o Register in Form A showing allocable surplus.
o Register in Form B showing set-on and set-off allocable surplus.
o Register in Form C showing Bonus paid, deductions made in respect of the employees for each accounting year.

5.To submit annual return in Form – D within 30 days of the expiry of time limit for payment of bonus.

Rahul Rai

2014-02-22

Please help me in these doubts:

  1. When is Bonus Act applicable?
  2. How to register for the Bonus Act?
  3. Who are eligible for Bonus?
  4. How much Bonus should be paid?

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