Postal Employees Bonus 2019 – How to Calculate the Bonus amount?
Postal Employees Bonus 2019 – How to Calculate PLB Bonus amount for 60 Days?
The Department of Posts published detailed orders regarding Productivity Linked Bonus for postal employees for the accounting year 2018-19 on 11.10.2019. The calculation formula to arrive the amount for 60 days has also been indicated in that order.
Productivity Linked Bonus will be calculated on the basis of the following formula:-
Average emoluments x Number of days of bonus / 30.4 (average no. of days in a month)
The actual calculation is worked out with the connection of performing in the strike period as follows…
Bonus calculations for Postal employees
Bonus calculation for postal employees 2018-19 who performed duty without strike will get the following amount as follows:
7000 * 60 / 30.4 = 13,816
For those who performed 2 day strike will get the amount as follows:
7000 * 11 = 77000
7000 / 31 * 29 = 6548
(77000 + 6548 = 83548)
Total 83548 / 12 = 6962
6962 * 60 / 30.4 = 13740.78
13741
For GDS, who performed 2 days and 4 days strike will get the amount as follows:
10 * 7000 = 70000
7000 / 31 * 29 = 6548
7000 / 31 * 27 = 6097
70000 + 6548 + 6097 = 82645
82645 / 12 = 6887
6887 * 60 / 30.4 = 13593