In
spite of shrinking profits, Railways is likely to declare
around 78 days wages as bonus to employees for the work done by them in the
previous year (2011-12).
Unlike
Central Government Employees Railway are entitled for
productivity link bonus.As
per various media news, PLB (productivity linked bonus) for railways may be
disbursed before Dusshera festival.
However,
Railway unions are demanding for 80 day bonus for this
year. Railway employees were paid the 78 day bonus in the previous
year 2010-11.
The
rough number of employees in Railways is 13.26 lakhs
out of which around 1.26 lakhs employees are not eligible
for bonus.
It is
said that 78 days bonus might cost Railways around Rs.1000 crores.
As
per the calculation procedure in the previous years,
there is a ceiling of Rs.3500/- as far as monthly wage of an employee for the
purpose of bonus is concerned. In other words, if a monthly salary of an employee exceeds Rs.3500/- per month the same
will be limited to Rs.3500/- per month while calculating bonus.
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