Increase in Bonus Ceiling to Rs. 7000 to Casual Labourers in Central Government - Enhancement of the rate of bonus payable to casual labourers
The Payment of Bonus (Amendment) Act, 2015 envisages enhancement of eligibility limit under section 2(13) from Rs.10,000/- per month of Rs. 21,000/- per month and Calculation Ceiling under section 12 from Rs.3500 to Rs.7,000
Govt has recently passed the bill for revision of Bonus calculation from Rs. 3500/- to Rs.7000/- and the eligibility ceiling to Rs. 21,000 with effect from 01.04.2014 - As Railway Employees are entitled to Productivity linked Bonus all…
Consequent to the amendments made in Bonus Act sample calculation of productivity linked bonus pertaining to Railway Employees is given. Details of Bonus Ceilings for the past 15 years are also discussed
The proposed amendments in the Act to increase wage ceiling and bonus calculation ceiling were one of assurances given by the Centre after 10 central trade unions went on one-day strike on September 2.
The calculation ceiling for payment of ad-hoc Bonus under these orders shall continue to be monthly emoluments of Rs. 3500/-. Maximum amount of bonus for Central Government Employees, Central Para Military Forces and Armed Forces will be…
It is the demand of Railway Employees as well as other Central Government Employees who are eligible for Productivity linked bonus for removal of Bonus Calculation Ceiling of Rs. 3500 /-
The present bonus ceiling of Rs. 3500 per month was fixed long time back and Central Trade Unions are demanding for increase in bonus ceiling and ceiling for calculating bonus as those are too minimal in the present cost of living