The Gazette of India
EXTRAORDINARY
PART II — Section 1

PUBLISHED BY AUTHORITY

No. 6] NEW DELHI, FRIDAY, JANUARY 1, 2016/PAUSHA 11, 1937 (SAKA)

Separate paging is given to this Part in order that it may be filed as a separate compilation.

MINISTRY OF LAW AND JUSTICE
(Legislative Department)

New Delhi, the 1st January, 2016/Pausha 11, 1937 (Saka)

THE PAYMENT OF BONUS (AMENDMENT) ACT, 2015
NO. 6 OF 2016

[31st December, 2015.]

An Act further to amend the Payment of Bonus Act, 1965.

BE it enacted by Parliament in the Sixty-sixth Year of the Republic of India as follows:—

1. (1) This Act may be called the Payment of Bonus (Amendment) Act, 2015.
(2) It shall be deemed to have come into force on the 1st day of April, 2014.

2. In section 2 of the Payment of Bonus Act, 1965 (hereinafter referred to as the principal Act), in clause (13), for the words ‘‘ten thousand rupees’’, the words ‘‘twenty-one thousand rupees’’ shall be substituted.

3. In section 12 of the principal Act,—

(i) for the words ‘‘three thousand and five hundred rupees’’ at both the places where they occur, the words ‘‘seven thousand rupees or the minimum wage for the scheduled employment, as fixed by the appropriate Government, whichever is higher’’ shall respectively be substituted;

(ii) the following Explanation shall be inserted at the end, namely:—

‘Explanation.—For the purposes of this section, the expression ‘‘scheduled employment’’ shall have the same meaning as assigned to it in clause (g) of section 2 of the Minimum Wages Act, 1948.’.

4. In section 38 of the principal Act, for sub-section (1), the following sub-section shall be substituted, namely:—

‘‘(1) The Central Government may, subject to the condition of previous publication, by notification in the Official Gazette, make rules to carry out the provisions of this Act.’’.

DR. G. NARAYANA RAJU,
Secretary to the Govt. of India.

Similar Posts:

• 7th Central Pay Commission Revision of Pay Scales – Gazette Notification of Amendment of Service Rules / Recruitment Rules
• Changes in the Payment of Bonus Act will benefit thousands of CG employees
• 7th CPC Revised Pay Rules – Gazette Notification on 15.6.2017
• Railway Board Notification with Revised Pay Matrix Table
• Amendment in Eligibility Qualification, Age, Fee and Remuneration for Tax Return Preparer (TRP)

THE PAYMENT OF BONUS ACT, 1965 & PLB TO RAILWAYMEN

BY: K.V.RAMESH, Sr.JGS/IRTSA

PAYMENT OF BONUS ACT, 1965 & AMENDMENTS THEREOF

Minimum bonus 8.33% of the salary/wage of an employee.
Maximum bonus including productivity linked bonus shall not exceed 20% of the salary/wage of an employee.
Previous amendment of 2007 was notified on 13 December 2007 and made effective from 1st April, 2006.
Minimum bonus of 8.33% of (Rs. 3500/- X 12= Rs. 42,000/-) is approximately Rs. 3500/-.
20% of above referred Rs. 42,000/- is Rs. 8,400/-. However, the limit is given as Rs. 8,300/-.
Details of amendments to the Payment of Bonus Act, 1965:

Details of amendments to the Payment of Bonus Act, 1965:

PRODUCTIVITY LINKED BONUS FOR RAILWAY EMPLOYEE

SALIENT FEATURES OF THE PLB SCHEME ARE AS UNDER: –
a) The output for a year is reckoned by the equated net tonne kilometres by adding together:-
i) Total goods revenue net tonne kilometres.
ii) Non-suburban passenger kilometres converted by a factor of 0.076.
iii) Suburban passenger kilometres converted by a factor of 0.053.
b) The input is taken as the non-gazetted staff strength (excluding RPF/RPSF personnel), increased by the incremental increase/decrease in capital (over average of last three years) during the year.
C) Highest PLB amount of 78 days’ wages was paid for the financial years 2010-11, 2011-12, 2012-13, 2013-14 and 2014-15.
d) The wage calculation ceiling prescribed for payment of PLB to the eligible non-gazetted railway employees is 3500/- p.m. The maximum amount payable per eligible railway employee is Rs. 8975 for 78 days.

.Amount paid as bonus never shown meaningful increase over last 15 years.
.Only between 2006-07 and 2007-08 there was a visible increase in bonus amount.
.If bonus is linked with inflation at the rate of average 12% per year from 2001-02, it should have become Rs.24000 now, even without considering any productivity improvement.

.Bill passed in Lokshaba is a very late action taken by the Government.
.Railways should not try to put any rider on this very late action.

After enactment of the present bonus bill,wage calculation ceiling prescribed for payment of PLB to non-gazetted railway employees will be increased to 7000/- p.m.

The maximum amount payable per eligible railway employee can also go upto Rs.21,000. But, Railway Board is having proposals to revise the calculation formula for PLB which may reduce the expected benefit.

Source: IRTSA

Similar Posts:

• Bonus Orders 2015 : 78 Days Bonus for Railway Employees cleared by Cabinet today
• PLB Bonus 2018 | 78 Days for Railway Employees | Cabinet Cleared
• Payment of Productivity Linked Bonus to all eligible non-gazetted Railway employees for the financial year 2014-2015
• Cabinet approves Productivity Linked Bonus for Railway Employees Payment before Dussehra/Puja Festival
• Bonus Orders for Non-Gazetted Railway Employees