Bonus ceiling increased from Rs 3500 pm to Rs 7000 pm

By | May 10, 2016
(Last Updated On: May 10, 2016)

Bonus ceiling

The ceiling of calculating Bonus for factory workers and establishment with 20 or more workers under section 12 of the Payment of Bonus Act has been increased from Rs.3500/- per month to Rs.7000/- per month or the minimum wage for the scheduled employment, as fixed by the appropriate Government, whichever is higher with effect from 1st day of April 2014 through the Payment of Bonus (Amendment) Act, 2015, notified on 1st January, 2016.

The pension under the Employees Pension Scheme, 1995 has been fixed at minimum of Rs.1,000/-per month vide Government of India notification No.GSR 593 (E) dated 19.8.2014.  The number of pensioners benefited during the year 2014-15 was 17,65,307 after issue of notification for minimum pension of Rs. 1000/- per month on 19.08.2014. A statement showing the State-wise details of pensioners benefited from this move is at enlisted

Minimum Pension of Rs.1000/- per month

 

Sl. No.StateNo. of Pensioners Benefited with Notification No. GSR 593(E) Dated 19.08.2014
1Andhra Pradesh78354
2Bihar56831
3Chhattisgarh15328
4Delhi27022
5Goa4778
6Gujarat98067
7Himachal Pradesh6828
8Haryana28613
9Jharkhand34206
10Kerala168384
11Karnataka143763
12Maharashtra279422
13Madhya Pradesh68778
14NE Region10774
15Odisha39649
16Punjab33146
17Rajasthan37672
18Tamil Nadu247913
19Telangana State95829
20Uttarakhand11406
21Uttar Pradesh120882
22West Bengal157662
  TOTAL17,65,307

 

This information given by Shri Bandaru Dattatreya, the Minister of State (IC) for Labour and Employment, in reply to a question in Lok Sabha today.

Ministry of Labour & Employment 09-May, 2016

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