At present, employees drawing salary or wage not exceeding Rs 10,000 per month are eligible for payment of bonus with a ceiling of Rs 3,500 per month.
Trade unions have been demanding removal of conditions on the payment of bonus as salary drawn by even a small time employee these days is much higher and therefore the limits hold little relevance.
The proposal to take up the issue at the ILC was finalised at the 46th session of the Standing Labour Committee meeting held last Friday. The revision in the bonus would entail amendment to the Act.
According to the proposal of the Labour Ministry, going by the current price index "there is a case in point to revise the calculation ceiling to Rs 6000 and also the eligibility limit to Rs 18,000".
An amendment in the Act could benefit close to three crore employees.
The ILC would also take up consideration a proposal of extending social security benefits for workers both in the organised as well as unorganised sector and review on implementation of the recommendations of the previous three ILCs especially on the issue of contract labour and minimum wages.