Bonus for Bank Employees – Guidelines and Illustrations Important guidelines and illustrations are given in Annexure-I, II and III Annexure-I1. Bonus is payable to those employees whose salary does not exceed Rs.21,000/- per month. In other words no Bonus is payable to those employees whose salary exceeds Rs.21,000/- per month. Please see the examples given … Read more
Grant of Productivity Linked Bonus (PLB) and non-productivity Linked Bonus (Ad-hoc bonus) in case of Central Government employees for the accounting year 2014-15 – enhancement of the calculation ceiling- Regarding. No.7/4/2014-E-IIIA Government of India Ministry of Finance (Department of Expenditure) North Block, New Delhi Dated the 29th August, 2016 Office Memorandum Subject: Grant of Productivity … Read more
Central Government Rejected Demand for Raising of Bonus Ceiling GOVERNMENT REJECTED DEMAND FOR RAISING OF BONUS PAYMENT CEILING TO CENTRAL GOVERNMENT EMPLOYEES F.No.7/4/2014-E-III(A) Government of India Ministry of Expenditure (E-IIIA Branch) North Block, New Delhi Dated the 25th Feb, 2016 To, Sh.Shiva Gopal Mishra Secretary (Staff-side) Joint Consultative Machinery(JCM) 13-C, Ferozshah Road, New Delhi-110001. Subject: … Read more
Changes in the Payment of Bonus Act will benefit thousands of CG employees The Payment of Bonus (Amendment) Bill, 2015 notified:Increase in the Eligibility Limit under clause (13) of Section 2 and Calculation Ceiling under Section 12 of the Payment of Bonus Act, 2015 The Payment of Bonus (Amendment) Bill, 2015 was passed by the … Read more
Payment of Bonus Act Amendment Gazette Notification The Gazette of India EXTRAORDINARY PART II — Section 1 PUBLISHED BY AUTHORITY No. 6] NEW DELHI, FRIDAY, JANUARY 1, 2016/PAUSHA 11, 1937 (SAKA) Separate paging is given to this Part in order that it may be filed as a separate compilation. MINISTRY OF LAW AND JUSTICE (Legislative … Read more