Sixty Days Deepavali Bonus for Postal Employees for this current year
Centre approves 60 Days Productivity Linked Bonus for Postal Employees for this accounting year 2018-19. All non-gazetted Group ‘B’ officers including Group ‘D’ and MTS Group ‘C’ employees are eligible to get the bonus amount equivalent to wages for 60 days.
Calculation Formula for PLB
Productivity Linked Bonus will be calculated on the basis of the following formula:-
Average emoluments x Number of days of bonus / 30.4 (average no. of days in a month)
Bonus for GDS
In respect of GDS employees who were on duty throughout the year during 2018-19, Average Monthly Time Related Continuity Allowance will be calculated taking into account the Time Related Continuity Allowance (TRCA) plus corresponding Dearness Allowance drawn by them for the period from 1.4.2018 to 31.3.2019 divided by 12.
However, where the Time Related Continuity Allowance exceeds Rs. 7000/- in any month during this period, the allowance will be restricted to Rs 7000/- per month. Ex-gratia payment of bonus may be calculated by applying the bonus formula as mentioned below:
Average TRCA X Number of days of bonus / 30.4 (average no. of days in a month)