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1. What is Form C Rule 4 (C)?

This form is related to the amount of bonus due to each of the employees for the accounting year with the deduction as per sections 17 and 18 and the amount actually disbursed. As per section 17 adjustment of any customary bonus or puja bonus to an employee, the employer is entitled to deduct the amount of bonus, paid from the amount payable by him to the employe, as per section 18 if the employee is found guilty of misconduct causing financial losses to the employer then the employer can deduct such amount from the bonus of the employee.

2. Why is it Important?

It is important because it is based on the calculation of deduction of bonus paid to the employees if any customary bonus or puja paid to him in advance, this form consists of information related to the name of the employee, tax deduction, interim bonus, customary bonus, deduction of any amount due to misconduct of employee causing financial loss to the employer. Every employer shall maintain the register showing the amount due to each employee and the deduction as per sections 17 and 18, in form C.

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