• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Thiruvananthapuram, Aug. 16

The employees of all the co-operative societies in Kerala will be given bonus at the rate of 8.33 per cent of the annual earnings, irrespective of whether societies are running in profit or loss.

According to a statement from the Registrar of Co-operative Societies, the bonus can be paid on the basis of a maximum monthly wage of Rs 2,500.

In the case of societies with surplus allocable amount as specified in the Bonus Act, the employees with monthly wages of up to Rs 2,500 may be paid bonus not exceeding 20 per cent of their annual earnings. Those employees with monthly wages above Rs 2,500 may also be paid bonus not exceeding 20 per cent after reckoning their wages as Rs 2,500.

More Stories on : Co-operatives | Kerala

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Toppers in labour ecosystem index

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line