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EPFO makes its employees Diwali more colourful, Offers amazing cash bonuses

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EPFO makes its employees Diwali more colourful, Offers amazing cash bonuses

EPFO Bonus: The Employees Provident Fund Organization or EPFO has given a large bonanza to its representatives on this Diwali 2019. The EPFO has chosen to give 60 days bonus to all Group B and Group C EPFO representatives and make their Diwali 2019 brimming with lights and goals. A round in such manner by the Ministry of Labor has just been given. According to the round, all Group B and Group C representatives of the EPFO will get 60 days bonus under the Productivity Linked Bonus Scheme for the budgetary year 2018-19.

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As indicated by the Ministry of Labor round request, the Group B and Group C workers of the EPFO will get 30.4 days. In the money associated viewpoint, the EPFO representatives will get around Rs 7,000. Be that as it may, it’s figuring will be diverse for various classification representatives.

Talking on the Productivity Linked Bonus Scheme for EPFO representatives RK Verma at State Employees Joint Council stated, “Computation of the EPFO bonus is equivalent to it if there should arise an occurrence of other government workers aside from the number of days. He said that the recipe for taking the bonus of EPFO workers is (Average Emoluments X Number of days)/30.4.”

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RK Verma further said that lone 25 per cent of the Productivity Linked Bonus will be credited into the EPFO worker’s compensation account. Rest 75 per cent will be saved into the PF record of EPFO representatives.

Uttar Pradesh government representatives will likewise get this Productivity Linked Bonus Scheme advantage and they will likewise stretch out beyond the celebrations. Around 8 lakh Non-Gazetted representatives of the UP Government will get this Productivity Linked Bonus Scheme.

Published by Ishan Soni on 16 Oct 2019

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