Lok Sabha passes the eagerly-awaited bonus bill The much-anticipated announcement of last year, regarding the bonus, has finally been released. The Lok Sabha gave its approval to the bill last Tuesday. But, the bill has to be cleared by the Rajya Sabha too. The employees have been assured … [Read more...] about Lok Sabha passes the eagerly-awaited bonus bill
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BONUS CEILING
Bonus hike bill passed with effect from April 2014
Bonus hike bill passed with effect from April 2014 Arrears of bonus (2014-15) likely ! The Lok Sabha on Tuesday passed a bill allowing doubling of wage ceiling for calculating bonus to Rs 7,000 per month for factory workers with establishments with 20 or more workers, with the benefits being … [Read more...] about Bonus hike bill passed with effect from April 2014
Payment of Bonus Amendment Bill introduced in Parliament – Eligibility and Calculation Ceiling to hike from April 2015
Payment of Bonus Amendment Bill introduced in Parliament - Eligibility and Calculation Ceiling to hike from April 2015 Government introduces bill to hike wage ceiling for bonus to Rs 21,000 Government today introduced a bill in Lok Sabha that seeks to enhance pay eligibility limit of an employee … [Read more...] about Payment of Bonus Amendment Bill introduced in Parliament – Eligibility and Calculation Ceiling to hike from April 2015
7th Pay Commission recommendations on Bonus Schemes
7th Pay Commission recommendations on Bonus Schemes Bonus Schemes and Performance Related Pay Bonus Schemes in the Central Government : Apart from DAE/DoS, there are bonus payments to Group 'B’ (non-gazetted) and Group 'C’ Central Government employees. The bulk of these employees are covered under … [Read more...] about 7th Pay Commission recommendations on Bonus Schemes
Bonus Schemes and Performance Related Pay
Bonus Schemes and Performance Related Pay Bonus Schemes in the Central Government : Apart from DAE / DoS, there are bonus payments to Group `B’ (non-gazetted) and Group `C’ Central Government employees. The bulk of these employees are covered under the Productivity Linked Bonus (PLB) Scheme, which … [Read more...] about Bonus Schemes and Performance Related Pay