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 Rs. 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.
