Bonus for Bank Employees – Guidelines and Illustrations Important guidelines and illustrations are given in Annexure-I, II and III Annexure-I 1. Bonus is payable to those employees whose salary does not exceed Rs.21,000/- per month. In other words … [Read more...]
Enhancement of Bonus Ceiling – Orders issued by Finance Ministry
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 I … [Read more...]
Central Government Rejected Demand for Raising of Bonus Ceiling
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 … [Read more...]
Changes in the Payment of Bonus Act will benefit thousands of CG employees
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 … [Read more...]
Payment of Bonus Act Amendment Gazette Notification
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 t … [Read more...]