There is good news for the employees. He will be paid salary and bonus for 3 years. Orders have been issued for this. They will be paid bonus in salary as per the order issued by the Ministry of Finance.
Employees Salary-Bonus Payment: There is good news for the employees. Actually they will be given the benefit of bonus. Orders have been issued for this. Under the issued order, 3 years bonus has been announced for them. Orders have been issued by the Finance Ministry for this. At the same time, under the issued order, employees can get up to Rs 30,000 as bonus.
In exercise of the powers conferred by Rule (2) above of Rule 13 of the Life Insurance Corporation of India Class 3 and Class 4 Employees Rules, 1995, the Central Government has determined the bonus. In accordance with the other provisions of the rule and sub-rule, every employee of class III and class IV has been instructed to pay them at the rate of 15 percent of their salary in lieu of bonus for a period of 3 years.
15% of salary will be available as bonus to the employees
According to the order issued by the Ministry of Finance, from April 1, 2018 to March 31, 2019, level 3 and 4 employees will be paid 15 percent of their salary. Apart from this, from 1 April 2019 to 31 March 2020, employees are also to be paid 15% of their salary as bonus.
Up to Rs.30,000 will be received as bonus
The same will again be made available to the employees as bonus of 15% of salary from 1st April 2020 to 31st March 2021. Along with this, the employees will get up to Rs.30,000 as bonus for 3 years salary payment. And soon they will be paid salary and bonus.