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Govt fixes calculation ceiling for non-productivity linked bonus at Rs 7,000

The finance ministry has mounted the calculation ceiling for computing non-productivity linked bonus (advert hoc bonus) for central authorities workers at Rs 7,000, implying that an worker can be entitled to a most bonus of Rs 6,908.

“The quantum of Non-PLB can be labored out on the idea of emoluments/calculation ceiling whichever is decrease,” the Division of Expenditure mentioned in its workplace memorandum.

Giving an illustration, the memorandum mentioned that given the calculation ceiling of month-to-month emoluments of Rs 7,000 (the place precise common emoluments exceed Rs 7,000), the non-productivity linked bonus (Non-PLB) for 30 days would work out to be Rs 6,908.

The workplace memorandum issued by the Expenditure Division mentioned the President of India has granted non-productivity linked bonus (ad-hoc) bonus equal to 30-days emoluments for the accounting yr 2019-20 to the central authorities workers in Group ‘C’ and all non-gazette workers in Group ‘B’ who will not be lined by any productiveness linked bonus scheme.

“The calculation ceiling for cost of ad-hoc bonus beneath these orders shall be month-to-month emoluments of Rs 7,000…,” it mentioned.

Workers of Central para-military forces and armed forces can be eligible for this ad-hoc bonus, the Division mentioned. Solely these workers who had been in service as on March 31, 2020, and have rendered no less than 6 months of steady service throughout the yr 2019-20 can be eligible for cost beneath this order. The Cupboard had on Wednesday determined to offer Rs 3,737 crore bonus to 30.67 lakh central authorities workers to encourage spending throughout the festive season and add to demand within the financial system. It included productiveness linked bonus to 16.9 lakh non-gazetted workers of business institutions like Railways, Put up, Defence, EPFO, ESIC, amongst others, having monetary implications of Rs 2,791 crore.

Non-PLB or ad-hoc bonus, which is given to non-gazetted central authorities workers, will profit 13.70 lakh employees and can price Rs 946 crore to exchequer.

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