Bonus for Bank Employees for the year 2016-17 as per Bonus amendment Act 2015 - Andhra Bank Circular

Bonus for Bank Employees for the year 2016-17 as per Bonus amendment Act 2015 - Andhra Bank Circular

Andhra Bank
(A Govt. of India Undertaking)
Head Office
HYDERABAD
Department: HUMAN RESOURCES

Circular No.168

Ref No.03/31

Date: 18.8.2017

Reg: Staff - Payment of Bonus - As per Bonus (Amendment), Act 2015. For the Year 2016-17.

Payment of Bonus Act was amended recently. As per the amended provisions the ceiling on salary and wage has been increased from Rs.10000/- to Rs.21000/- per month. As such, employees whose salary/wage does not exceed Rs.21000/- per month are now eligible for bonus.

It has been decided to pay Bonus at the rate of 8.33% of salary to all the eligible employees for the period 01.04.2016 to 31.03.2017.

Salary for this purpose includes 1) Basic pay (including FPP & PQP) 2) Special Pay 3) Dearness Allowance

4) Special Allowance with DA only.
All the branches / offices may note to disburse the Bonus to all the eligible employees as per the procedure given here under:

Tentative list of eligible employees together with Bonus Calculation as per the data extracted from HRMS shall be provided to all Zones.

Zonal Offices should get the data verified and confirm the correctness of eligibility and amount of Bonus paid and payable.

For any modifications required to be undertaken in the list, Zonal Office should submit the details to HO with suitable justification

On receipt of the "Branch-wise difference and addition of Bonus payable details - as per the format given in Annexure-IV" from the Zonal offices, the Bonus Amount will be credited to the "Cheque Proceeds Account" of the Zonal Office for onward distribution to branches.

Branches should enter details of Bonus paid in the Bonus Register for verification by the Labour Department Officials.

The entire exercise of verification of calculation and Payment of Bonus to eligible employees should be completed by 25.09.2017.

For the information of our branches/offices, the important guidelines and illustrations are given in Annexure-I, II and III

All the salary disbursing authorities are advised to go through the contents of this circular carefully and adhere to the stipulations mentioned without any deviation.

(V B BHAGAVATHI)
General Manager (HR)

Download PDF

Read More

Increase in Bonus Eligibility and ceiling – Advisory Note by Defence

Increase in Bonus Eligibility and ceiling – Advisory Note by Defence

Increase in Bonus Eligibility and ceiling – Advisory Note by  DGR advisory of Defence on Payment of Bonus to all Guards & Other Staff employed by DGR

Defence circular on increase of bonus to guards based on the Payment of Bonus (Amendment) Bill, 2015

ADVISORY ON BONUS

The Payment of Bonus (Amendment) Bill, 2015 notified : Increase in the Eligibility Limit under clause (13) of Section 2 and Calculation Ceiling under Section 12 of the Payment of Bonus Act 2015

1. The Payment of Bonus (Amendment) Bill, 2015 was passed by the Parliament in the just concluded Winter Session of the Parliament. The Payment of Bonus (Amendment) Act, 2015 has been published in the Gazette of India, Extraordinary on 1st January, 2016 as Act No.6 of 2016. The provisions of the Payment of Bonus (Amendment) Act, 2015 shall be deemed to have come into force on the 1st day of April, 2014.

2. The Payment of Bonus (Amendment) Act, 2015 envisages enhancement of eligibility limit under section 2(13) from Rs.10,000/- per month of Rs. 21,000/- per month and Calculation Ceiling under section 12 from Rs.3500 to Rs.7,000 or the minimum wage for the scheduled employment, as fixed by the appropriate Government, whichever is higher. The Payment of Bonus (Amendment) Act, 2015 also mandates previous publication of draft subordinate legislations, framed under the enabling provisions under the said Act, in the Official Gazette for inviting objections and suggestions before their final notification.

3. The Government has been receiving representations from trade unions for removal of all ceilings under the Payment of Bonus Act, 1965. It is also one of the demands made by them during the country-wide General Strike held in February, 2013 and September, 2015. As the last revision in these two ceilings were made in the year 2007 and was made effective from the 1st April, 2006, it was decided the Government to make appropriate amendments to the Payment of Bonus Act, 1965.

4. These changes in the Payment of Bonus Act, 1965 will be benefit thousands of work force.

(Gangesh Kumar)
Commodore
Principal Director (Employment)
Dte Gen Resettlement
Ministry of Defence
New Delhi – 110066

File : 2112/SA/Bonus/Emp
Date : 24 Feb 16,
Place : New Delhi

Download Defence circular dated 24.02.2016

Read More

Lok Sabha passes bill to hike bonus

Lok Sabha passes bill to hike bonus

New Delhi: The Lok Sabha today passed a bill allowing doubling of wage ceiling for calculating bonus to Rs 7,000 per month for factory workers with establishments with 20 or more workers, with the benefits being applicable retrospectively from April 2014.

The Payment of Bonus (Amendment) Bill, 2015, was passed by a voice vote, with some members objecting to the raising of eligibility limit for payment of bonus from a salary of Rs 10,000 per month to Rs 21,000.

Replying to a debate on the legislation, Labour Minister Bandaru Dattatreya said the Government has ensured that the interest of workers are protected and there is no infringement on their rights.

“Because of Bihar Elections this bill got delayed… The Prime Minister spoke to me and asked why should the benefits of this Act should accrue to workers from 2015. It should be made available from the April 2014,” he said while moving an official amendment to the Bill.

The official amendment provides that the benefits of the Act would be deemed to have come into force on April 1, 2014, instead of April 1, 2015.

Dattatreya said the Ministry has held 21 tripartite meetings with all central trade unions while arriving at a decision.

The Bill provides for enhancing monthly bonus calculation ceiling to Rs 7,000 per month from the existing Rs 3,500. It also seeks to enhance the eligibility limit for payment of bonus from Rs 10,000 per month to Rs 21,000 per month.

“The Government’s paramount intention is to safeguard the interest of workers… There is no infringement of workers’ rights and whatever the government does will be in the interest of workers,” Dattatreya said.

After the bill was passed, Deputy Speaker M Thambidurai, who was in the Chair, said the government should be congratulated for bringing the measure as also for effecting the benefits retrospectively.

PTI

Read More

Bonus calculation ceiling revised from April 2014 – Arrears of bonus likely!

Bonus calculation ceiling revised from April 2014 – Arrears of bonus likely!

LS passes Bonus Bill; benefits to accrue from April 2014

The Lok Sabha on Tuesday passed a bill allowing doubling of wage ceiling for calculating bonus to Rs 7,000 per month for factory workers with establishments with 20 or more workers, with the benefits being applicable retrospectively from April 2014.

The Payment of Bonus (Amendment) Bill, 2015, was passed by a voice vote, with some members objecting to the raising of eligibility limit for payment of bonus from a salary of Rs 10,000 per month to Rs 21,000.
Replying to a debate on the legislation, Labour Minister Bandaru Dattatreya said the Government has ensured that the interest of workers are protected and there is no infringement on their justifys.

“Because of Bihar Elections this bill got delayed… The Prime Minister spoke to me and asked why should the benefits of this Act should accrue to workers from 2015. It should be made available from the April 2014,” he said while moving an official amendment to the Bill.

The official amendment provides that the benefits of the Act would be deemed to have come into force on April 1, 2014, instead of April 1, 2015.

Dattatreya said the Ministry has held 21 tripartite meetings with all central trade unions while arriving at a decision.

The Bill provides for enhancing monthly bonus calculation ceiling to Rs 7,000 per month from the existing Rs 3,500.

It also seeks to enhance the eligibility limit for payment of bonus from Rs 10,000 per month to Rs 21,000 per month.

“The Government’s paramount intention is to safeguard the interest of workers… There is no infringement of workers’ justifys and whatever the government does will be in the interest of workers,” Dattatreya said.
After the bill was passed, Deputy Speaker M Thambidurai, who was in the Chair, said the government should be congratulated for bringing the measure as also for effecting the benefits retrospectively.

Source: DDI News

Read More

NC (Staff Side) JCM writes to Prime Minister about the ceiling of payment of minimum bonus should be revised to all eligible employees

Secretary of NC (Staff Side) JCM writes to Prime Minister about the ceiling of payment of minimum bonus should be revised to all eligible employees…

Shiva Gopal Mishra
Secretary

National Council (Staff Side)
Joint Consultative Machinery
for Central Government Employees
13-C, Ferozshah Road, New Delhi – 110001

No.NC/JCM/2014

Dated: August 23, 2014

Shri Narendra Modi Ji,
Hon’ble Prime Minister,
Government of India,
New Delhi

Respected Sir,
Sub: Revision of ceiling for payment of Bonus in Bonus Act 1965

Payment of Bonus Act, 1965 was amended in the year 2007. This Act was called as Payment of Bonus (Amendment) Act, 2007.

In Section 12 of the Principal Act (1965), payment of minimum bonus was revised from Rs.2500 to Rs.3500 w.e.f. 1st April, 2006 through Payment of Bonus(Amendment) Ordinance 2007(8 of 2007) and subsequently passed by the Parliament through Bill No.89/2007.

The Central Trade Unions and also the Constituent Organizations of Joint Consultative Machinery for Central Government employees raised the issue of amendment to the Section 12 of the Bonus Act, 1965 to remove the Ceiling of Rs.3500, mentioned in the Section 12 of the Payment of Bonus (Amendment) Act 2007.

But so far the Government has not amended the Act to pay real wages to the workers as Bonus, which is causing lot of hardship to the workers due to high escalation of prices of all commodities after the enactment of the amendment to the Bonus Act 1965 in the year 2007.

You are, therefore, requested to consider the pleas made by the Central Trade Union Organizations and also the JCM Constituent Organizations for Central Government employees and amend the Section 12 of the Bonus Act, duly removing the ceiling mentioned in the Section 12 of the Payment of Bonus(Amendment) Act, 2007.

As Pooja Festival is fast approaching and orders for payment of Productivity Linked Bonus to Railway employees and Ex. gratia to other Central Government employees are likely to be issued shortly, you are further requested to propose to issue an ordinance with the approval of the President to amend Section 12 of the Payment of Bonus (Amendment) Act, 2007 so as to enable the Railwaymen and other Central Government employees to get real wages as Bonus.

sd/-

(Shiva Gopal Mishra)

Source: NC JCM STAFF SIDE

Read More

Revision of Ceiling for payment of Bonus in the Bonus Act 1965: AIRF writes to Hon’ble Minister for Railways

AIRF writes to Hon’ble Minister for Railways for Revision of Ceiling for payment of Bonus in the Bonus Act 1965:-

All India Railwaymen’s Federation

No.AIRF/387

Dated: August 23, 2014

Shri Sadananda Gowda,
Hon’ble Minister for Railways,
Rail Bhawan,
New Delhi

Respected Sir,
Sub: Revision of Ceiling for payment of Bonus in the Bonus Act 1965

The Payment of Bonus Act 1965 was amended in the year 2007. This Act was called as Payment of Bonus (Amendment) Act, 2007.

In Section 12 of the Principal Act(1965), payment of minimum bonus was revised from Rs.2500 to Rs.3500 w.e.f. 1st April, 2006 through Payment of Bonus(Amendment) Ordinance 2007(8 of 2007) and subsequently passed by the Parliament through Bill No.89/2007. The same was incorporated in the PLB Orders issued for payment of PLB for the year 2006-07 and 2007-08(RBE No.142/2008).

The Ministry of Railways was requested several times by the All India Railwaymen’s Federation for approaching the Government of India for amendment to Section 12 of the Bonus Act 1965 to remove the ceiling of Rs.3500, mentioned in the Section 12 of the Payment of Bonus(Amendment) Act, 2007. But so far Ministry of Railways has not approached the Government of India to amend the Act to pay real wages to the Railwaymen as PLB, which is causing lot of hardship to the Railway Workers due to high escalation of prices of all commodities after the enactment of the amendment to the Bonus Act 1965 in the year 2007.

You are, therefore, requested to consider the plea made by the All India Railwaymen’s Federation and approach the Ministry of Labour, Government of India to amend Section 12 of the Bonus Act, duly removing the ceiling, mentioned in Section 12 of the Payment of Bonus(Amendment ) Act, 2007 so as to enable the Railways to pay real wages as PLB.

As Pooja Festival is approaching fast and orders for payment of Productivity Linked Bonus to Railway employees are likely to be issued shortly, you are requested to approach Hon’ble Minister for Labour to propose an amendment to Section 12 of the Payment of Bonus(Amendment) Act, 2007 to remove the ceiling so as to enable the Railwaymen to get real wages as Bonus.

Yours faithfully,

(Shiva Gopal Mishra)
General Secretary

Source: http://www.airfindia.com/AIRF%202014/PLB%20Letter%20to%20MR.pdf

Read More

Payment of Bonus/Ex-gratia grant to the employees of Public Undertakings for the year 2012-13

Payment of Bonus/Ex-gratia grant to the employees of Public Undertakings for the year 2012-13

Government of West Bengal

Finance Department

Audit Branch

Writers’ Buildings, Kolkata-700001

No 6068 (65) –F(P)                                                                           Kolkata, the 30th July,2013

From : A. K. Das
OSD & ex-officio Joint Secretary to the
Government of West Bengal

To :
The Addl. Chief Secretary/Principal Secretary/Secretary,



Sub : Payment of Bonus/Ex-gratia grant to the employees of Public Undertakings for the year 2012-13



Sir,

You are aware that payment of Bonus/Ex-gratia/recoverable festival advance is made every year to the employees of different Public Undertakings and that such payment are generally made before the autumnal festivals.

2. I am directed by the order of the Governor to say that the Governor has been pleased to take the following decisions:-

(a) Where the payment of Bonus Act 1965 as amended upto date is applicable, bonus for the year 2012-2013 will be payable according to the statutory provisions of the said Act as amended upto date. The employees who drew salary or wages upto Rs.10,000/- per month will be entitled to the bonus in the current year, subject to the condition that the maximum amount payable to an employee in such case will be restricted to the amount admissible to those drawing emoluments upto Rs.3,500/- per month. Similarly, where ex-gratia is paid in lieu of bonus under the payment of Bonus Act, 1965 the same provisions will have to be followed for the purpose of payment of ex-gratia.

    (b) (i) The employees of the Public Undertakings who are guided by the Payment of Bonus Act, 1965, as amended upto-date, but are not eligible to get Bonus/ex-gratia in lieu of bonus under the said Act on account of their revised emoluments having been exceeded Rs.10,000/- per month as on 31st March, 2013 may be allowed to draw an ex-gratia grant of Rs.2600/- per head provided their revised emoluments as on 31st March, 2013 did not exceed Rs.22,000/- per month.

    (ii) In the Public Undertaking/Statutory Bodies where the payment of Bonus Act, 1965, as amended upto-date is not applicable, but ex-gratia in lieu of bonus is sanctioned to the employees strictly following the provisions of the payment of Bonus Act, 1965, the employees of the said Undertakings/Statutory Bodies may also be granted an ex-gratia grant of Rs.2600/- per head provided dtheir revised emoluments as on 31st March, 2013 exceeded Rs.10,000/- per month but did not exceed revised emoluments of Rs.22,000/- per month.

Recoverable advance of maximum limit of Rs.2500/- may be sanctioned to the employees of Public Undertakings/Statutory Bodies not coming under the purview of Bonus/Ex-gratia provided their revised emoluments exceeded Rs.22,000/- per month but did not exceed Rs.30,000/- per month as on 31.3.2013 and also provided that the advance paid last year has been recovered in full.

3. While sanctioning Bonus/Ex-gratia in lieu of Bonus, the following principles shall be observed:-

    (i) Bonus at the statutory minimum rate will be paid to the employees of Public Undertakings/Statutory Bodies, who come under the purview of the payment of Bonus Act, 1965 as amended upto-date.

    (ii) No excess Bonus i.e. over and above the statutory minimum will be paid to the employees of Public Undertakings/Statutory Bodies under any circumstances, if the said Public Undertakings/Statutory Bodies are running under loss.

    (iii) For payment of statutory Bonus under the payment of Bonus Act, 1965, as amended upto-date and also for payment of ex-gratia payment in lieu of Bonus, final report of accounts of the previous year in respect of the concerned organization will have to be furnished to the Government.

    (iv) For justification of the additional rate of Bonus the previous year’s audited accounts should be furnished and quantum of Bonus should be computed according to the provision of the payment of Bonus Act.

    (v) The rate of ex-gratia payment in lieu of Bonus shall be 8.33 per cent of the emoluments earned by the employees during the accounting year in question irrespective of allocable surplus (as defined in the payment of Bonus Act, 1965, as amended upto-date). If the proposal in any rate about the aforesaid limit, the proposal should be justified on the basis of “Allocable Surplus” (as defined in the Payment of Bonus Act, 1965 as amended upto-date) during the account year in question. Here also the calculation will have to be made according to the principles for calculation of Bonus as laid down in the Payment of Bonus Act.

    (vi) For conversation of ex-gratia payment in lieu of Bonus so long paid into bonus under the payment of Bonus Act, specific views of the Labour Department nay be obtained. Labour Department is requested to clearly give their views in such cases in consultation with Ld. L.R. as to whether the concerned organization would come under the purview of the payment of Bonus Act (Under Section 31 of the Said Act).

4. I am, therefore, to request you kindly to take necessary action accordingly and issue orders in respect of the concerned organizations under your administrative control at an early date so that the payment of Bonus/ex-gratia to the eligible employees is completed by the 30th September, 2013.

5. For payment of Bonus/ex-gratia under this order and ex-gratia @ Rs.2600/- per head as per this order, no sanction of the Finance Department will be necessary, if there is no requirement of fund for release of the benefit.

Yours faithfully,

OSD & ex-officio Joint Secretary to the

Government of West Bengal

Finance Department.

Source-http://www.wbfin.nic.in/

Read More