View the Sixty Days Quantum of Bonus Formula for EPFO Employees
Employees’ Provident Fund Organisation declared 60 Days Productivity Linked Bonus for the employees of the EPFO for the year 2018-2019 through official orders.
As per the order, the Central Government has conveyed its approval to the existing Productivity Linked Bonus Scheme for the year 2018-2019 for the employees of EPFO vide letter No A-26022/1/94-55-1 (Pt) dated 9th October 2019.
Accordingly, the competent authority is pleased to convey the approval for payment of the Productivity Linked Bonus for the year 2018-2019 for 60 (Sixty) days in all the offices of EPFO.
The bonus of 60 days has been assessed on the basis of data/information submitted by the Zonal Offices in compliance with Head Office letter dated 25.09.2019. The payment of a bonus is to be released to all Group ‘C’ and Group ‘B’ (Non-Gazetted) employees of EPFO.
The quantum of bonus may be assessed as per the following formula:-
(Average Emoluments x Number of Days of Bonus / 30.4*
(*Average number of days in a month)