Bonus ceiling raised to Rs.3500/-.

Press Information Bureau of Ministry of Railways is reporduced below :

The Union Cabinet today gave its approval for payment of Productivity Linked Bonus equivalent to 73 days wages to the eligible non-gazetted Railway employees for the financial year 2007-2008. The Govt. also decided to enhance the wages ceiling from Rs.2500/- to Rs.3500 per month with effect from 1.4.2006 for payment of Productivity Linked Bonus to all eligible Govt. employees in addition to employees of the Raillways.

Acordingly Bonus for the years of 2006 -7 and 2007-08 will be calculated on the basis of the revised ceiling of Rs.3500/-.