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

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

“The quantum of Non-PLB will be worked out on the basis of emoluments/calculation ceiling whichever is lower,” the Department 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 Department 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 staff in Group ‘C’ and all non-gazette staff in Group ‘B’ who should not lined by any productiveness linked bonus scheme.

“The calculation ceiling for payment of ad-hoc bonus under these orders shall be monthly emoluments of Rs 7,000…,” it mentioned.

Employees of Central para-military forces and armed forces can be eligible for this ad-hoc bonus, the Department mentioned. Only these staff who have been in service as on March 31, 2020, and have rendered no less than 6 months of steady service through the yr 2019-20 will likely be eligible for fee beneath this order. The Cabinet had on Wednesday determined to provide Rs 3,737 crore bonus to 30.67 lakh central authorities staff to encourage spending through the festive season and add to demand within the economic system. It included productiveness linked bonus to 16.9 lakh non-gazetted staff of economic institutions like Railways, Post, 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 staff, will profit 13.70 lakh employees and can price Rs 946 crore to exchequer.