Bonus to Railway employees at revised rate of Rs. 7000 with effect from 01.04.2014

Bonus to Railway employees at revised rate of Rs. 7000 with effect from 01.04.2014

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 Railway Unions are pressing the Govt for grant of arrears of bonus for the financial year 2014-15

Increase in Bonus Limit to Rs. 7000 – Staff Side JCM urges for issue of executive orders

After enactment of Payment of Bonus (Amendment) Bill 2015, Bonus eligibility ceiling has been increased to Rs. 21,000 and Bonus Ceiling has been fixed at Rs. 7000. So, if Basic Pay plus DA of an employee is less than or equal to Rs. 21,000 then he / she will be eligible for PLB / Adhoc Bonus