Minimum Wages Annual Return – Form III is a compliance form required under the Minimum Wages (Central) Rules, 1950. Employers must submit this form to ensure adherence to statutory regulations concerning wage payments to employees.
Purpose and Importance
Form III serves as an annual statement summarizing wage-related details of an establishment over a financial year. It is used to ensure that employers comply with minimum wage standards, helping maintain accountability and transparency. The form collects data on aspects such as:
- Days worked during the year.
- Number of employees (adults and children) engaged.
- Total wages paid, including cash and kind.
- Deductions such as fines, damages, or breaches of contract.
By accurately completing this form, employers demonstrate their adherence to wage laws, protecting employee rights and avoiding legal penalties.
Who Needs to Fill It
The form must be completed by employers of establishments covered under the Minimum Wages Act, 1948 such as factories, workshops, shops & establishments, or any entity employing workers with defined minimum wage rates. This may include contractors and owners managing daily operations.
Submission Guidelines
- Due Date: The return is generally due for submission by 31st January for the preceding calendar year ending on 31st December. For instance, the return for the year 2024 should be submitted by 31st January 2025.
- Submission Authority: Form III should be submitted to the Inspector of Labor in your area or the appropriate authority designated by the state’s labor department where the establishment operates. The specific submission process may vary depending on your location and state-specific rules.
Employers should ensure timely and accurate filing of Form III to avoid penalties and maintain compliance with labour laws. It is recommended to keep records supporting the details mentioned in the form, such as wage registers and proof of payments.
Download Form III
Form III – Minimum Wages Annual Return
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