Form C is a mandatory document that employers are required to maintain under the Payment of Bonus Act, 1965. This form records the details of the bonus paid to each employee during a specific accounting year.
Key Information Recorded in Form C
Employee Details: Name, father’s name, designation, and whether they completed 15 years of age at the beginning of the accounting year.
Work Details: Number of days worked in the year.
Bonus Calculation: Total salary or wage earned, amount of bonus payable, deductions (if any), and the final amount disbursed.
Other Information: Details of any interim or Puja bonus paid, deductions under Sections 17 and 18 of the Payment of Bonus Act, and the total amount of bonus paid.
Purpose of Form C
Compliance: Ensures that employers are complying with the provisions of the Payment of Bonus Act.
Record Keeping: Provides a detailed record of bonus payments for future reference and audits.
Employee Benefits: Helps employees understand and verify the bonus amount they have received.
Note: Employers are required to maintain Form C for a period of 5 years from the end of the accounting year to which it relates.
Download Form C
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