New amendment in Payment of Bonus Act, 1965

Payment of Bonus Act Amendment Submission

The recent amendment in the Payment of Bonus Act, 1965, specifically in the Payment of Bonus Rules, 1975, now allows the Principal Employer to submit Form D on or before the 1st of February each year. This is a crucial update that impacts employers in Bombay, India, and it is important to adhere to this timeline to ensure compliance with the regulations.

Practical Steps to Follow:

🗝️ Ensure you have a clear understanding of the updated requirements under the Payment of Bonus Act, 1965, and the associated rules.
🗝️ Mark your calendar to submit Form D on or before the 1st of February annually to meet the compliance deadline.
🗝️ Verify that all the necessary information and details are accurately filled out in Form D before submission.
🗝️ Keep track of any future amendments or changes in the legislation to stay updated and compliant with the law.

By following these steps and staying informed about the latest amendments, employers can effectively fulfill their obligations under the Payment of Bonus Act, 1965, and maintain a smooth compliance process. Remember, timely and accurate submission of Form D is essential to comply with the updated regulations.

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