Kolkata, May 28: In a move that could come as a bonanza for over 20 lakh employees of public sector undertaking, the Centre is considering enhancing eligibility and calculation ceiling limits of bonus under Payment of Bonus Act. The Ministry of Heavy Industries and Public Enterprises has initiated the move to review the eligibility and the calculation ceiling for payment of bonus/ex-gratia under the Payment of Bonus Act, according to documents available in this regard.

The ministry has sought relevant details from chief executives of all the PSUs to enable the government to take a final decision in this regard.
Confirming the development senior officials of Department of Public Enterprise who did not want to be named, said, "The present proposal is to enhance the eligibility limit from Rs 3,500 to Rs 7,500 and the calculation ceiling from Rs 2,500 to Rs 3,500".
The Centre was also assessing the financial burden that the PSUs would have to bear in the event of amendment in the Act. The government had asked chief executives to send a detailed assessment of the impact, officials said. Bureau Report