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BONUS (PLB) CEILING IS LIKELY TO INCREASE BY THE GOVERNMENT

It is learnt that Government is considering to revise calculation ceiling from the present level of Rs. 3500/- per month to Rs. 7000/- per month or th minimum wages for the scheduled employment as fixed by the appropriate Government, whichever is higher.  Government has yet not fixed the minimum wages. It was also learnt that Government is going to fix the minimum wages at a level which is respectable.  Under this circumstances, on an average the calculation ceiling for the purpose of bonus would be Rs. 10000/- per month. 
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