TN CM announces bonus, ex-gratia to 2.75 lakh state PSU employees

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TN CM announces bonus, ex-gratia to 2.75 lakh state PSU employees - Business Standard

Quick Summary:

Tamil Nadu Chief Minister M K Stalin has announced a bonus and ex-gratia for 2.75 lakh employees of state public sector undertakings and statutory boards for the 2023-24 fiscal.

Accordingly, all eligible workers of profit making PSUs under group C and D will be paid a minimum bonus of Rs 8,400 and a maximum of Rs 16,800, amounting to 8.33 per cent bonus and an ex-gratia of 11.67 per cent, an official release here said.

The employees of the PSUs lacking allowable surplus will be paid a bonus of 8.33 per cent and an ex-gratia of 1.67 per cent.