Govt mulls increasing eligibility limit of bonus from 10000 to 21000

Central Government is considering to increase the eligibility limit of bonus from 10000 to 21000.

According to media source, the Central is going to give a green signal to the much awaited decision to raise eligibility limit of bonus from Rs.10000 to 21000. And the calculation ceiling also hike from Rs.3,500 to Rs.7,000

The 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.

Source: www.cgstaffportal.in

Related to Your Search:

• Government approves hike in bonus ceiling from Rs. 3500 to Rs 7000
• AIRF has demanded Payment of Arrear of Productivity Linked Bonus paid to Railwaymen
• Increase in Bonus Eligibility and ceiling – Advisory Note by Defence
• Increase in Bonus Eligibility and ceiling – Advisory Note by Defence
• Changes in the Payment of Bonus Act will benefit thousands of Central Government employees
• Bonus Ceiling – NFIR writes to Railway Minister to remove of calculation ceiling for the purpose of payment of productivity Linked Bonus (PLB)
• Bonus 2015 – Removal of Eligibility and Calculation Ceiling ; NFIR writes to PM
• NFIR writes to Railway Board on Amendment of wage calculation limit from 3500 to 7000
• Bonus calculation ceiling revised from April 2014 – Arrears of bonus likely!