Get Form Iii Annual Return 2020-2025

As per the Payment of Wages Act of 1936, workers must be able to get their wages on time, and it also specifies the minimum wages that must be paid to them. The objective behind the introduction of this Act was to prevent delays in the payment of wages that led to a debt trap for the informal sector workers.

Applicability of the Act It applies to any employment if it employs 1000 employees in the respective state. It does not apply to any employees in any undertaking owned by the Central government or of the federal railway, except with the consent of the central government.

This is a mandatory filing for any establishment covered under this Rule. If the employer has submitted annual return in Form 20 under the Karnataka Factories Rules or in Form U under Karnataka Shops & Establishments Act, such an employer need not submit this return.

The annual return is the return that an investment provides over a period of time, expressed as a time-weighted annual percentage. Sources of returns can include dividends, returns of capital and capital appreciation.

Who is required to file Form 21 half-yearly return? The managers of all the registered factories are required to submit half-yearly returns, twice a year in the prescribed format to the inspector. The half-yearly return has to be submitted in duplicate before the due date.

As per minimum wages act-1948, organisation should fill-up Form-III (Rule 21 /4A) for the calendar year ending and same should be submitted at Labour Commissioner of your area. You are responsible to show same records at the time if inspection by Factory inspector.

Currently, the basic salary is in the range of 30-40% of the gross. The allowances make up the balance. But, the new code specifies that the basic salary should be a minimum of 50% of the gross salary.

As per minimum wages act-1948, organisation should fill-up Form-III (Rule 21 /4A) for the calendar year ending and same should be submitted at Labour Commissioner of your area. You are responsible to show same records at the time if inspection by Factory inspector.