Friday, November 22, 2024
HomePersonal FinanceNon-Productivity Linked Bonus: Good news! Diwali gift to central employees, bonus equal...

Non-Productivity Linked Bonus: Good news! Diwali gift to central employees, bonus equal to 30 days salary

The benefit of Diwali bonus will be available to all those non-gazetted employees of Group C and Group B under the Central Government, who are not covered under any Productivity Linked Bonus Scheme.

Non-Productivity Linked Bonus (Ad-hoc Bonus) for Central Government Employees: The Central Government has made an announcement to make its employees happy on the occasion of Diwali. It has been approved to give Non-Productivity Linked Bonus (Adhoc Bonus) equivalent to 30 days salary to Central Government employees. The benefit of this will be available to all those non-gazetted employees of Central Government Group C and Group B, who are not covered under any Productivity Linked Bonus Scheme.




According to the Ministry of Finance, “Under this order, the benefit of adhoc bonus will also be available to the eligible employees of Central Paramilitary Forces and Armed Forces. Apart from this, those employees of Union Territories will also get this benefit who follow the pattern of emoluments of the Central Government and are not covered under any other bonus.

This is how the bonus amount will be calculated

  • The benefit of adhoc bonus will be available only to those employees who were in service on 31-3-2021 and have rendered at least six months continuous service during the year 2020-21. These employees will be paid proportionately for the period of continuous service of six months to one year during the year.
  • The amount of Adhoc Bonus will be calculated on the basis of Average Emoluments/Calculation ceiling, whichever is lower. To calculate the adhoc bonus for a day, the average emoluments in a year will be divided by 30.4 (average number of days in a month). Thereafter, it will be multiplied by the number of days of the bonus awarded. For example, monthly emoluments for Rs 7000 (where actual average emoluments is more than Rs 7000) can be calculated as follows. That is, 30 days monthly bonus: 7000×30/30.4 = Rs 6907.89 will be Rs.
  • Casual labour, who have worked for 3 years or more in offices within a 6 day week for at least 240 days per year (in case of offices working 5 days a week for three years or more, every Year 206 days) They will also be eligible for this non-PLB payment. The amount of adhoc bonus for these will be – 1200×30/30.4 = Rs 1184.21.

In cases where Actual Emoluments is less than Rs. 1200 per month, the amount will be calculated on the basis of Actual Monthly Emoluments.

Parvesh Maurya
Parvesh Maurya
Parvesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ informalnewz@gmail.com
RELATED ARTICLES
- Advertisment -

Most Popular

Recent Comments