Saturday, November 16, 2024
HomePersonal FinanceEmployees Salary Hike: Good news for central employees, 40 days salary will...

Employees Salary Hike: Good news for central employees, 40 days salary will be given as bonus, President approved

Defense Ministry will give 40 days additional salary as productivity linked bonus to eligible defense civilian employees of the Indian Army and Army Ordnance Corps (AOC) for the financial year 2023-24, which has been approved by the President.

Employees Salary Hike: In the month of October before Diwali, the central government had increased the dearness allowance of its central employees, after which their DA has increased to 53 percent. Along with this, another good news has come for the central employees. Actually, the President has approved giving bonus to the employees. However, only a few central employees are going to get the benefit of this bonus. Let us know about it in detail.

These central employees will get the benefit of this bonus

Actually, the Defense Ministry will give 40 days additional salary as productivity linked bonus to the eligible defense civilian employees of the Indian Army and Army Ordnance Corps (AOC) for the financial year 2023-24, which has been approved by the President. The ministry has also issued a notification related to this.

This is how bonus and salary will be calculated

This bonus will be given to the eligible defense civilian employees of the Indian Army and Army Ordnance Corps (AOC) on the basis of their performance. Let us tell you that the bonus will be given to all Group B (non-gazetted) and C civilian employees of AOC and Indian Army, who are covered under the PLB scheme. The limit of bonus calculation will be up to 7000. In such a situation, the value which comes after dividing the average salary of the employee by 30.4 will be multiplied by 30. To understand: Suppose an employee’s monthly salary is Rs 20,000. Then he will be paid around Rs 19,737 as bonus.

These are the rules for casual labour which will be applicable on this bonus

Note that all other conditions under the bonus limit and under the PLB scheme will remain applicable as before. At the same time, bonus payment for temporary workers (Casual Laborers) will be made on the basis of estimated salary of Rs 1200 per month. However, bonus for employees earning less than Rs 1200 will be decided on the actual salary.

Shyamu Maurya
Shyamu Maurya
Shyamu has done Degree in Fine Arts and has knowledge about bollywood industry. He started writing in 2018. Since then he has been associated with Informalnewz. In case of any complain or feedback, please contact me @informalnewz@gmail.com
RELATED ARTICLES
- Advertisment -

Most Popular

Recent Comments