AIRF has demanded Payment of Arrear of Productivity Linked Bonus paid to Railwaymen for the year 2014-15

AIRF has demanded Payment of Arrear of Productivity Linked Bonus paid to Railwaymen for the year 2014-15

Payment of Arrear of Productivity Linked Bonus to Railwaymen for the year 2014-15

The Payment of Bonus (Amendment) Bill, 2015 was introduced in Lok Sabha by the Minister of State for Labour and Employment, Mr. Bandaru Dattatreya, on December 7, 2015. The Bill seeks to amend the Payment of Bonus Act, 1965. AIRF has demanded an Arrear on PLB for FY 2014-15.


Payment of Bonu

(Amendment) Bill 2015 has been passed by parliament

The Payment of Bonus (Amendment) Bill, 2015 was introduced in Lok Sabha by the Minister of State for Labour and Employment, Mr. Bandaru Dattatreya, on December 7, 2015. The Bill seeks to amend the Payment of Bonus Act, 1965.

The Act provides for the annual payment of bonus to employees of certain establishments (including factories and establishments employing 20 or more persons). Under the Act, bonus is calculated on the basis of the employee’s salary and the profits of the establishment.

Employees eligible for bonus: The Act mandates payment of bonus to employees’ whose salary or wage is up to Rs 10,000 per month. The Bill seeks to increase this eligibility limit to Rs 21,000 per month.
Calculation of bonus: The Act provides that the bonus payable to an employee will be in proportion to his or her salary or wage. However, if an employee’s salary is more than Rs 3,500 per month, for the purposes of calculation of bonus, the salary will be assumed to be Rs 3,500 per month. The Bill seeks to raise this calculation ceiling to Rs 7,000 per month or the minimum wage notified for the employment under the Minimum Wages Act, 1948 (whichever is higher).

Source: AIRF

Comments

Anonymous said…
Central Government Notification will be required to derive the benefits due,,,
December 25, 2015 at 6:56 PM
kumar said…
Arrange to grant GROUP B status to rly engineers with gp 4200 above to bonus payment to them as per DoLT Gazette notification 605/09
December 29, 2015 at 10:10 AM
Post a Comment

Popular posts from this blog

Central Government Office Holiday List 2023 - DoPT Order PDF Download

The important nodal Department of Central Government, the Department of Personnel and Training (DoPT) has today published a new list of Gazetted and Restricted Holidays for Central Government Offices located in Delhi/New Delhi to be observed in 2023. Central Govt Holiday India 2023 PDF Download Every year in June, the Department of Personnel and Training (DoPT) under the Central Government will release a new list of holidays to be observed next year for offices in Delhi or New Delhi. Check here is a list of holidays and optional holidays published in the Federal Gazette for 2023. Holidays to be observed to Central Government Offices during the year 2023 F.No.12/5/2022-JCA Government of India Ministry of Personnel, Public Grievances and Pensions (Department of Personnel and Training) Establishment (JCA) Section North Block, New Delhi Dated the 16 June 2022 OFFICE MEMORANDUM Subject: Holidays to be observed in Central Government Offices during the year 2023- reg. It has been de
Read more

7th CPC Pay Fixation on Promotion/MACP Calculator with Matrix Table

Image
7th CPC Pay Fixation on Promotion/MACP Calculator with Matrix Table Pay Fixation on Promotion/MACP Calculator as per 7th Pay Commission with Steps showing in Pay Matrix Table. Pay Fixation: One increment shall be given in the same level and placed equal or next higher amount in the promoted level. Increment: Promotion/MACP during the period from 2nd day of January to 1st day of July will be granted on 1st day of January. From 2nd day of July to 1st day of January will be granted on 1st day of July. In Matrix Table: Step 1: Locate Your Basic Pay in the Matrix Table Step 2: Grant of one increment in the same level Step 3: Locate the equal or next higher amount in the next promoted level Click to Check Your Pay Fixation on Promotion Calculators for CG Employees 7th Pay Commission Pay and Allowances  Calculator for CG Employees Click to read... 7th Pay Commission Pay and Arrears  Calculator for Defence Personnel Click to read... Defence
Read more

Revised Pay Scale from 1.7.2017 for Karnataka Govt Employees

Image
Revised Pay Scale from 1.7.2017 for Karnataka Govt Employees Check Your Revised Pension / Family Pension as on 1.7.2017 REVISED SCALES OF PAY:  The existing scales of pay are revised as specified below:-  DATE OF EFFECT: The revised scales of pay shall be deemed to have come into force with effect from 1st July 2017. The monetary benefit of the revised scales of pay shall be admissible from 1st April 2018. The increase in pay and allowances and pension on account of the revision of scales of pay shall be payable in cash with effect from 1st April 2018.  The revised scales of pay are linked to the cost of living situation represented by the index average of 276.9 points as on 1st July 2017 in the All India Average Consumer Price Index Numbers for Industrial Workers (General) (Base: 2001=100).  The revised pay scales are specific segments of Master scale of pay of Rs.17000-400-18600-450-20400-500-22400-550-24600-600-27000-650-29600-750-32600-850-36000-950-39800
Read more