Monday, June 08, 2015
Modi Government to Raise Bonus Limits from Rs.3500 to Rs.4500
Modi Government to Raise Bonus Limits from Rs.3500 to Rs.4500
The Government has decided to raise the upper limit for the annual bonus
that is being given to Central Government employees all over the
country.
Payment of Bonus (Amendment) ordinance 2007 according to which section
12 of the payment of Bonus Act 1965 had been amended raising the ceiling
for calculation purpose from salary of 2500/- P.M. to Rs.3500/-P.M.
w.e.f. 01.04.2006. And also amended the Payment of Bonus Act, 1965 to
raise the eligibility limit for payment of bonus from the salary or wage
of Rs. 3500/- per month to Rs. 10000/- per month.
Central Government employees are regularly given Productivity Linked
Bonus(PLB). Each department announces its bonus days in the month of
September. But, since there was an upper limit, only small amounts were
given as bonuses. CG Employees Federations all over the country were
demanding that the limits should be raised.
News have surfaced that decisions in this regard were made during a
recent meeting held with group of ministers. According to unconfirmed
sources, the upper limit has been raised by Rs.1000 from Rs.3500 to
Rs.4500.
Source: cgstaffportal.in
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