Central Government announces payment of Productivity Linked Bonus for Postal employees and GDS employees for the accounting year 2020-2021
PLB Bonus Order 2020-2021 for 60 Days declared to Postal Employees: Productivity Linked Bonus for the Accounting year 2020-2021 for Postal Employees and ex-gratia payment of Bonus to regular GDS Employees – view more
The Establish Division under Department of Posts issued orders on today (14.10.2021) regarding Productivity Linked Bonus to Non-Gazetted Group B and Group C (MTS) employees for the accounting year 2020-2021.
Highlights of the Bonus Order 2021
- Grant of PLB equivalent of emoluments of 60 (Sixty) Days to the employees of Department of Posts
- PLB eligible for Non-Gazetted Group B and Group C (MTS) employees
- PLB ex-gratia eligible for regular GDS employees
- Ad hoc payment of bonus to Casual laborers
Calculation of Productivity Linked Bonus
The amount of PLB will be calculated on the basis of the following formula:[(Average emoluments x Number of days of bonus) / 30.4 (average Number of days in a month)]
How to calcualte ‘Emoluments’?
The term “emoluments” for regular Departmental employees includes Basic Pay in the Pay matrix, Dearness Pay, S.B. Allowance, Deputation (Duty) Allowance, Dearness Allowance and Training Allowance to Faculty Members in Training Institutes. In case of drawl of salary exceeding Rs.7000/- (Rupees Seven Thousand only) in any month during the accounting year 2020-21, the emoluments shall be restricted to Rs.7000/- (Rupees Seven Thousand only) per month only.
“Average Emoluments” for a regular employee is arrived at by dividing by twelve, the total salary drawn during the year 2020-21 for the period from 1.4.2020 to 31.03.2021 , by restricting each month’s salary to Rs. 7000/- per month. However, for the periods of EOL and Dies-Non in a given month, proportionate deduction is required to be made from the ceiling limit of Rs.7000/-
Calculation of Bonus for GDS Employees 2021
Ex gratia payment of bonus may be calculated by applying the bonus formula as mentioned below:[(Average TRCA x Number of days of bonus) / (30.4 (average Number of days in a month)]
Click the link to view more details in the order – Bonus 2021 Order PDF Download
Also Check: Central Government Pay Matrix Table 2022 PDF