Form D is another essential document under the Payment of Bonus Act, 1965. It serves as an annual return that employers must submit to the appropriate government authorities. This form provides a comprehensive overview of the bonus paid to employees during a specific accounting year.
Key Information in Form D
Employer Details: Name, address, and other relevant information about the employer.
Accounting Year: The period for which the return is being filed.
Number of Employees: The total number of employees eligible for bonus.
Total Bonus Paid: The aggregate amount of bonus disbursed to all eligible employees.
Percentage of Bonus: The percentage of bonus declared to be paid.
Settlement: The settlement amount if any reached under section 18(1) or 12(3) of the Industrial Disputes Act. 1947 with date.
Other Relevant Details: Additional information as required by the authorities, such as the name of the authorized signatory.
Purpose of Form D
Compliance: Employers are legally mandated to submit Form D to comply with the Payment of Bonus Act.
Government Data: The information provided in Form D helps the government track bonus payments across various industries and regions.
Analysis and Policy Making: The data collected through Form D can be used for analysis and policy formulation related to bonus payments.
Verification: Authorities can use Form D to verify the accuracy of bonus payments and ensure compliance with the Act’s provisions.
Note: Form D is typically submitted to the Regional Labour Commissioner or the designated authority in the employer’s jurisdiction.
Download Form D
Form D – Annual Return Bonus Paid to Employees
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