7 months ago
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In presumption of the upcoming Deepavali festival, the Tamil Nadu authorities connected Thursday announced a bonus and ex gratia totaling ₹44.11 crore for 44,081 employees moving successful cooperative societies crossed the State for the twelvemonth 2024-25, to beryllium disbursed during 2025-26.
Employees of cooperative societies that travel nether the Payment of Bonus Act volition person a bonus of up to 20%, depending connected the surplus disposable with each society. In societies without surplus funds, employees volition beryllium provided a 10% bonus and ex gratia to alteration them to observe the Deepavali festival, according to an authoritative property release.
In profit-making cooperative societies with a constricted fig of employees that bash not autumn nether the Bonus Act, the employees volition besides person a bonus and ex gratia of up to 20%. For non-profit-making apex and cardinal cooperative societies that are not covered nether the Bonus Act, employees volition person an ex gratia of ₹3,000, portion those moving successful superior cooperative societies volition person ₹2,400, the merchandise added.
