Bonus ceiling increased from Rs 3500 pm to Rs 7000 pm

By | 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. State No. of Pensioners Benefited with Notification No. GSR 593(E) Dated 19.08.2014
1 Andhra Pradesh 78354
2 Bihar 56831
3 Chhattisgarh 15328
4 Delhi 27022
5 Goa 4778
6 Gujarat 98067
7 Himachal Pradesh 6828
8 Haryana 28613
9 Jharkhand 34206
10 Kerala 168384
11 Karnataka 143763
12 Maharashtra 279422
13 Madhya Pradesh 68778
14 NE Region 10774
15 Odisha 39649
16 Punjab 33146
17 Rajasthan 37672
18 Tamil Nadu 247913
19 Telangana State 95829
20 Uttarakhand 11406
21 Uttar Pradesh 120882
22 West Bengal 157662
   TOTAL 17,65,307

 

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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