THESE central govt employees to receive 40-day bonus for FY 2023-24: Full details of the scheme, bonus calculation

Eligible defence civilian employees of the Army Ordnance Corps (AOC) and Indian Army will receive productivity-linked bonus (PLB) equivalent to 40 days of their wages for the financial year 2023-2024, according to a notification issued by the Ministry of Defence.

The ministry has announced the sanction of the President for the payment of the PLB to these civilian employees of the AOC and Indian Army.

Details of the PLB Payment

Eligible employees will receive a bonus equivalent to 40 days of their wages for the financial year 2023-2024. This has been calculated based on the working results for the year, as per the agreed formula under the PLB scheme.

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The bonus will be paid to all eligible Group B (Non-Gazetted) and Group C civilian employees of the AOC and Indian Army who are covered under the PLB Scheme for the accounting year 2023-2024.

Also read: 5th Pay Commission: DA hiked by 12% to 455% for THESE central govt employees

Calculation Ceiling:

The calculation ceiling for the bonus will be Rs 7000. The formula used will be: 7000 × 40/30.4. This ceiling and other conditions under the PLB Scheme will remain the same.

Casual laborers will be eligible for a PLB payment based on assumed wages of Rs 1200 per month for the accounting year 2023-2024. If the actual wages of the casual laborer are lower than Rs 1200, the PLB will be calculated based on the actual monthly wages.

The expenditure for the PLB payment will be charged to the Defence Service Estimates under the respective Heads to which the employees’ pay and allowances are debited. This will be covered under the sanctioned budget for the financial year 2024-2025, with no additional financial allocation required.

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