Type:Registers and Records Frequency: Annual

Action to be taken:
Maintain a Register showing the set-on and set-off of the allocable surplus for each annum in Form B, Bonus Rules

Audit Requirement:
Is a Set-On/Set-Off Register being maintained in the format specified under the Bonus Act ?

Supporting Documents:
Set-On/Set-Off Register

Related Documents:
Form B - S 15, R 4(b): Set On And Set Off of Allocable Surplus   View doc  21.5 Kb

Related Triggers:
Close Of Accounting Year

Related Keywords:
Bonus

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Related Sections:
Payment of Bonus Rules, 1975
4:Maintenance of registers:
Every employer shall prepared 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.