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.
