Unclaimed bonus for more than 3 years


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Querist : Anonymous

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Querist : Anonymous (Querist)
03 November 2012 Dear all,

A company has unclaimed bonus for the period of more than 3 years. What are the procedure to pay it to the govt.

@VaibhavJ (Expert)
03 November 2012 Hi

When there is an unpaid wages & bonus lying for a period of more then 3 years then you have to prepare statement of the same & submit the same to Labour Welfare Fund.

You have to visit the nearest office & give declaration along with your Balance Sheet.

Thanks//Vaibhav
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