Finmin Clarification – Regulation of Ad-Hoc and Non-PLB Bonus Various points regarding regulation of Ad-hoc and Non PLB Bonus are given below… Point No.1: Whether the employees in the following categories are eligible for the benefit of ad-hoc bonus for an accounting year Clarification: Subject to completion of minimum six months continuous service and being […]
7th CPC Report – Bonus Recommendations
7th CPC Report – Bonus Recommendations The Terms of Reference (ToR) of the Commission mandate that it examines the existing schemes for payment of bonus and their impact on performance and productivity. Consultation with Stakeholders was Considered Important: The system of Performance Linked Bonus (PLB) and Ad hoc Bonus have been prevalent in the Central […]
Bonus for Bank Employees – Guidelines and Illustrations
Bonus for Bank Employees – Guidelines and Illustrations Important guidelines and illustrations are given in Annexure-I, II and III Annexure-I 1. Bonus is payable to those employees whose salary does not exceed Rs.21,000/- per month. In other words no Bonus is payable to those employees whose salary exceeds Rs.21,000/- per month. Please see the examples […]
Enhancement of Bonus Ceiling for CG Employees – Finmin issued Orders on 29 Aug 2016
Grant of Productivity Linked Bonus (PLB) and non-productivity Linked Bonus (Ad-hoc bonus) in case of Central Government employees for the accounting year 2014-15 – enhancement of the calculation ceiling- Regarding. No.7/4/2014-E-IIIA Government of India Ministry of Finance (Department of Expenditure) North Block, New Delhi Dated the 29th August, 2016 Office Memorandum Subject: Grant of Productivity […]