Bonus Calculation Ceiling will be increased: Secy Min of Lab & Emp informed to BMS

Central Government Employees are going to get higher amount of bonus this year. Earlier, the ceiling for bonus was Rs. 3500 per month. From this year, the ceiling is going to be increased to Rs. 10,000 per month. In a letter from Secretary, Ministry of Labour and Employment, Mr S. Agarwal conveyed this good news to Sri Vijesh Upadhyay, Genl. Secy., Bharatiya Mazdoor Sangh.  Secretary also informed that the minimum wages will be fixed at a level which is respectable.

MINISTRY OF LABOUR & EMPLOYMENT

SHRAM SHAKTHI BHAVAN

NEW DELHI – 110001

28th August, 2015

Kindly refer to our discussion regarding the calculation ceiling for bonus. The Government is considering to revise calculation ceiling from the preset level of Rs.3,500 per month to Rs.7,000 per month or the minimum wages for the scheduled employment as fixed by the appropriate Government, whichever is higher. Minimum wages have not beed fixed as yet, however, the minimum wages will be fixed at a level which is respectable.

2. Under these circumstances, on an average the calculation ceiling for the purposes of bonus would be Rs.10,000 per month.

Yours Sincerly,

(Shankar Aggarwal)