Introduction

Bonus Form D is a form used by employers to declare the bonus payments made to their employees. It is used to report the bonus payments to the Employees’ Provident Fund Organisation (EPFO) and the Employees’ State Insurance Corporation (ESIC). The form is used to report the bonus payments made to the employees during the financial year. The form is to be filled in by the employer and submitted to the EPFO or ESIC office. The form should include details such as the name of the employer, the name of the employee, the amount of bonus paid, the date of payment, and the period of payment. The form should also include the signature of the employer and the employee. The form should be filled in accurately and submitted to the EPFO or ESIC office within the prescribed time limit.

What is Bonus Form D & How to Fill it

To fill the form, the employer must provide the following information:

• Name of the employer
• Name of the employee
• Date of payment
• Amount of bonus paid
• Nature of bonus (e.g. festival bonus, performance bonus, etc.)
• Mode of payment (e.g. cash, cheque, etc.)
• Bank account details of the employee
• PAN number of the employee
• EPF account number of the employee
• Signature of the employer

The employer must also attach the relevant documents such as the salary slips of the employee, the bank statement of the employee, and the PAN card of the employee.

What is Bonus Form D: Employers use Bonus form D to make annual returns for the bonus payments made to the employees for the accounting year. Every year employers should need to make the bonus payment within 8 months from the date of closure of accounts i.e 31st March. After paying all the bonus dues to the employees, employer has to submit form D to the labour office. Download Bonus Form D

When to Submit Bonus Form D

Employers need to submit this form to their respective labour department office on or before 1st February after completion of each accounting year.

Sample Filled Bonus Form D

How to Fill Bonus Form D

Bonus form D is a single page form, consists of 5 fields, and details of bonus payment.

Name of the establishment and address.
Nature of the industry.
Name of the employer.
Total no of employees.
No of employees, to whom bonus paid.

After filling the above details now we need to fill the details of bonus paid.

1) Total Payable Bonus Under Sec 10 or 11 of Bonus Payment Act 1965	Minimum 8.33% to maximum 20% of Bonus
2) The settlement, if any reached under Sec 18 (1) or 12 (3) of the Industrial Disputes Act. 1947 with date	In case employees and employer agree for any settlement other than above-stipulated bonus then mention those details with the settled date.
3) Percentage of Bonus Declared	Declared Bonus percentage minimum 8.33% Maximum 20 %
4) Total amount of bonus paid	Mention total amount of bonus paid for that year.
5) Date on which bonus paid	Bonus paid date for employees.
6) Whether bonus paid for all employees or not	If not paid to some employees then mention the reason.
7) Remarks	_

How to Write Covering Letter for Bonus Form D

Sub: Bonus Annual Returns Form – D Submission

Dear Sir,

We the ABC foundation has paid the bonus to our employees on 20 October 2018, here we are submitting annual returns of bonus form D for the accounting year 2018-19. Please find the enclosed form D bonus document and please acknowledge it.

Thanking you.

What is Bonus Form D & How to Fill it

Bonus Form D is a form that is used by employers to report the payment of bonuses to their employees. The form is used to report the amount of the bonus, the date it was paid, and the employee’s name and Social Security number. It is important for employers to accurately report bonuses on Form D, as it is used to calculate the employee’s taxes.

How to Fill Out Bonus Form D

Filling out Bonus Form D is relatively straightforward. The form requires the employer to provide the following information:

Employer’s name and address
Employee’s name and Social Security number
Date the bonus was paid
Amount of the bonus

Once the form is completed, the employer must sign and date it. The form should then be sent to the Internal Revenue Service (IRS) along with the employee’s W-2 form.

Conclusion

Bonus Form D is an important form for employers to accurately report bonuses to their employees. By filling out the form correctly and sending it to the IRS, employers can ensure that their employees are properly taxed on their bonuses.

Introduction