Thursday

4 January 2018

Breaking News
  • Triple Talaq Bill in Rajya Sabha: Showdown between Centre and Opposition Parties takes place
  • This High Court has asked Police Chief’s to create awareness about Mental Healthcare Act,2017
  • iPhone name was in IPR trouble even before its Launch, Names like Mobi, Tripod, MicroMac, iPad were considered
  • Parliament has passed Insolvency and Bankruptcy Code Amendment Bill
  • Rajya Sabha creates History, Takes up All Zero Hour Issues & Special Mentions listed in Agenda
  • Amid Nationwide Strike by 2.9 Lakh Doctors, National Medical Commission Bill referred to Parliamentary Standing Committee
  • GST Benefits not Passed to Customers: McDonald, Lifestyle and Honda face Anti-Profiteering Action
  • Triple Talaq Case Petitioner Ishrat Jahan joins BJP
  • To Prevent Misuse, Directions issued regarding use of the Judges’ Car Parking Sticker
  • After arrest of CBI Programmer ,Tatkal Booking Software comes under CBI scanner
Home / Bare Acts / Central Acts and Rules / Service and Labour Laws / Payment of Bonus Act,1965 / Payment of Bonus Rules,1975

Payment of Bonus Rules,1975

Payment of Bonus Rules,1975 (PDF File)

 

In exercise of the powers conferred by section 38 of the Payment of Bonus Act, 1965 (21 of 1965), and in supersession of the Payment of Bonus Rules, 1965, the Central Government hereby makes the following rules, namely;-

1. Short title and commencement.-

(1) These rules may be called the Payment of Bonus Rules, 1975.
(2) They shall come into force on the date of their publication in the Official Gazette.

2.  Definitions.-

In these rules-

(a) "form" means a form appended to these rules :
(b) "Act" means the Payment of Bonus Act, 1965 [21 of 1965] :
(c) "section" means a section of the Act.


3 Authority for granting permission for charge of accounting year.-

The prescribed authority for the purposes of the proviso to paragraph (b) of sub-clause (iii) of clause (1) of section 2 shall be-

(a) in the case of an establishment in relation to which the Central Government is the appropriate Government under the Act, the Chief Labour Commissioner (Central) ;
(b) in any other case, the Labour Commissioner of the State in which the establishment is situated.


4. [Anchor] Maintenance of registers.

Every employer shall prepare and maintain the following registers, namely :-

(a) a register showing the computation of the allocable surplus referred to in clause (4) of section 2, in form A :
(b) a register showing the set-on and set-off of the allocable surplus, under section 15, in form B :
(c) a register showing the details of the amount of bonus due to each of the employees, the deductions under sections 17 and 18 and the amount actually disbursed, in form C.

2[5. [Anchor] Annual returns.

Every employer shall send a return in Form D to the Inspector so as to each him within 30 days after the expiry of the time limit specified in section 19 for payment of bonus. ]

1. Published in the Gazette of India, Part II, Section 3(i) dated 6th September, 1975 vide G.S.R. 2367, dt. 21st August 1975.
2. Inserted ny Payment of Bonus (Amendment) Rules, 1983, w.e.f. 21-1-1984.

 
 
 
FORM A
[See rule 4(a)]
COMPUTATION OF THE ALLOCABLE SURPLUS UNDER SECTION 2(4)
Name of the establishment Accounting year ending on the ………
  Sums deducted from gross profits          
Gross profit for the Accounting year Rs. Depreciation under section 6(a) Development rebate or Development allowance section 6(b) Direct taxes section 6(c) Further sums as are specified under the Third Schedule to the Act Total of sums deducted under columns 2,3,4 and 5 (*60% of Column 7) Available surplus for the accounting year (Column 1 minus Column 6) Amount of allocable surplus (@ 67%)
1 2 3 4 5 6 7 8

 

 

             

@ Section 2(4) (a)

* Section 2 (4) (b)

 
FORM B
[See rule 4(b)]
SET-ON AND SET-OFF ALLOCABLE SURPLUS UNDER SECTION 15
Accounting year Amount allocable
as bonus
(in Rs.)
Amount payable 
as bonus 
(in Rs.)
Amount of set on 
or set-off 
(in Rs.)
Total set-on or set-off 
carried forward 
1 2 3 4 5

 

 

       
 
FORM C
[See rule 4(c)]
BONUS PAID TO EMPLOYEES FOR THE ACCOUNTING YEAR ENDING ON THE ………
Name of the establishment …………………
No. of Working days in the year ………………
                Deductions        
Sl. No. Name of the employee Father's Name Whether he has completed 15 years of age at the beginning of the accounting year Designation No. of days worked in the year Total salary or wage in respect of the accounting year Amount of bonus payable under section 10 or section 11 as the case may be Puja bonus other customary during the accounting year Interim bonus or bonus bonus paid advance 1[Amount of Income-tax deducted Deduction on account of financial loss, if any, caused by misconduct of the employee 2[Total sum deducted under Columns 9,10,10Aand11] Net amount payable (Column 8 minus Column 12) Amount actually Paid Date on which paid

Signature/
Thumb
Impression
of the 
employee

1 2 3 4 5 6 7 8 9 10 10A] 11 12 13 14 15 16
     
 
                         
 
 
1. Inserted by the Payment of Bonus (Amendment) Rules 1979, w.e.f. 8-9-1979, vide G.S.R. No-1147 dt. 23rd August 1979.
2. Substituted by Ibid.
 
1FORM D
[See rule 5]
ANNUAL RETURN-BONUS PAID TO EMPLOYEES FOR THE ACCOUNTING YEAR ENDING ON THE ………
1. Name of the establishment and its complete postal address:
2. Name of industry:
3. Name of the employer:
4. Total number of employees:
5. Number of employees benefited by bonus payments:
Total amount payables as bonus under section 10 or 11 of the Payment of Bonus Act, 1965 as the case may be Settlement, if any, reached under section 18(1) of 12(3) of the Industrial Disputes Act, 1947 with date Percentage of bonus declared to be paid Total amount of bonus actually paid Date on which payment made Whether bonus has been paid to all the employees, if not, reasons for non-payment Remarks
(1) (2) (3) (4) (5) (6) (7)

 

 

           
 
Signature of the employer or his agent.]
 
 
1. Inserted by the Payment of Bonus (Amendment) Rules, 1983, w.e.f. 21-1-1984, vide S.O. No-251 dt. 7-1-1984.
 
 
Facebook Comments

Leave a Reply

Your email address will not be published. Required fields are marked *