EPFO employees alert! Know your Diwali PLB bonus, here's how to calculate it
EPFO latest news: The Employees' Provident Fund Organisation (EPFO) announced a big Diwali gift for all employees in October. The EPFO decided to provide 60 days of the productivity-linked bonus (PLB) to all Group 'C' and Group 'B' (non-gazetted) employees of EPFO for the financial year 2018-19, according to official notification.
The formula for calculating the bonus of EPFO employees: (Average Emoluments X Number of days)/30.4* (Where * denotes the average number of days in a month).