Good news for central govt employees! Modi Govt announces bonus ahead of Diwali. Check eligibility, other details here
Diwali for Group C and non-gazetted Group B rank officials, including paramilitary forces. The Finance Ministry has fixed the ceiling for computing non-productivity linked bonuses (ad hoc bonuses) for central government employees at ₹7,000 for 2022-23.
In an office memorandum, the Department of Expenditure under the Finance Ministry said a non-productivity linked bonus (ad hoc bonus) equivalent to 30 days emoluments for the accounting year 2022-23 has been granted to the central government employees in Group 'C' and all non-gazetted employees in Group B', who are not covered by any productivity-linked bonus scheme. 1)Only those employees who were in service as of 31.3.2023 and have rendered at least six months of continuous service during the year 2022-23 will be eligible for payment under these orders.
Pro-rata payment will be admissible to the eligible employees for a period of continuous service during the year from six months to a full year, the eligibility period being taken in terms of the number of months of service (rounded off to the nearest number of months) Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here 2)The quantum of Non-PLB (ad-hoc bonus) will be worked out on the basis of average emoluments/calculation ceiling whichever is lower.
To calculate Non-PLB (Ad-hoc bonus) for one day, the average emoluments in a year will be divided by 30.4 (average number of days in a month). This will, thereafter, be multiplied by the number of days of bonus granted.
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