Bonus ceiling will be raised this year, expected this to be doubled

Bonus ceiling will be raised this year, expected this to be doubled

SHANKAR AGGARWAL, I.A.S.

Secretary of Govt. of India

MINISTRY OF LABOUR & EMPLOYMENT

SHRAM SHAKTHI BHAVAN

NEW DELHI – 110001

D.O.No.51040/4/2015-IR(PG)

28th August, 2015

Dear Shri Upadhyay,

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)

Shri Virijesh Upadhayay

Generl Secretary,

Bhartiya Mazadoor Sangh

27, Deendayal Upadhyay Mag.

Rouse Aveneu, New Delhi-2

Source :GovEmployees