PF Bonus Update: If you are also a job holder, then this news can be of use to you. Because hardly many account holders know that apart from loan and insurance, subscribers are also given bonus additional bonus. Let us tell you that the bonus amount can be up to Rs 50000. But due to lack of information, account holders (PF account holders) are not able to take advantage of the facility of the Provident Fund Organization. To take advantage of additional bonus, the concerned investor has to take care of some things. Let us know what rules have to be followed if you want additional bonus..
Actually, this amount of additional bonus is provided to you by EPFO through loyalty cum life benefit. For this, there are some conditions of the Provident Fund Organization (EPFO) which have to be fulfilled. For example, only those employees can avail the benefit of additional bonus whose PF has been deducted for at least 20 years. Also, your basic salary is taken as the basis for how much bonus you will get. Your additional bonus is counted on this basis. The maximum bonus amount can be up to Rs 50000...
According to the information, employees whose basic salary is Rs 5, get up to Rs 30,000 as additional bonus. Employees whose basic salary is Rs 10,000 get this amount of Rs 40,000. At the same time, the bonus amount for salary above this goes up to Rs 50,000. Let us tell you that the eligibility for getting bonus is at least 20 years of service. Those who work for a shorter period of time cannot claim it.
Let us tell you that the organization started the additional bonus after retirement. So that the employees can get the benefit of some extra money. If you have also completed 20 years of service, then you can apply for additional bonus according to your basic salary. You are also given the facility to apply online for additional bonus.
