{"id":108970,"date":"2023-09-05T13:52:08","date_gmt":"2023-09-05T08:22:08","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=108970"},"modified":"2023-09-05T13:52:27","modified_gmt":"2023-09-05T08:22:27","slug":"tata-steel-to-pay-rs-315-crore-in-bonuses-for-employees","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/tata-steel-to-pay-rs-315-crore-in-bonuses-for-employees\/","title":{"rendered":"Tata Steel to Pay Rs. 315 Crore in Bonuses for Employees"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1373107553\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Tata Steel announced a total payout of Rs 314.70 crore on account of annual bonus to employees for the year 2022-2023 following the signing of a Memorandum of Settlement with Tata Workers\u2019 Union (TWU) here. <\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-482029275\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>As per the Memorandum of Settlement the total payout for eligible employees of all applicable divisions of the Company on account of annual bonus will be Rs 314.70 crore, the company said in a statement on Monday.<\/p><p>Last year the company had announced a Rs. 317 crore bonus for 23000 employees and Rs. 270 crore bonus in 2021 The minimum and maximum annual bonus payable for 2022-23 will be Rs 42,561 and Rs 4,61,019 respectively. <\/p><p>Since the majority of employees of the steel company are drawing salaries higher than the limit laid down in the Payment of Bonus (Amendment) Act, 2015, they are not eligible for bonus under the Act.<\/p><div class=\"trade-content_5\" id=\"trade-3053124866\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>However, respecting our old traditions, the company is going to pay a bonus to all employees in the unionized category, it said.<\/p><p>T V Narendran, CEO &amp; MD, Atrayee Sanyal, Vice President (HRM) and other senior executives signed on management\u2019s behalf and Sanjeev Kumar Choudhary, president and Satish Kumar Singh, general secretary, TWU and other office bearers signed on union&#8217;s behalf in presence of Rakesh Prasad, Deputy Labour Commissioner, Jamshedpur.<\/p><div class=\"trade-after-content\" id=\"trade-2263439446\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Tata Steel announced a total payout of Rs 314.70 crore on account of annual bonus to employees for the year 2022-2023 following the signing of a Memorandum of Settlement with Tata Workers\u2019 Union (TWU) here. As per the Memorandum of Settlement the total payout for eligible employees of all applicable divisions of the Company on [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":19624,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-108970","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tata Steel to Pay Rs. 315 Crore in Bonuses for Employees - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Tata Steel announced a total payout of Rs 314.70 crore on account of annual bonus to employees for the year 2022-2023 following the signing of a Memorandum of Settlement with Tata Workers\u2019 Union (TWU) here.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/tata-steel-to-pay-rs-315-crore-in-bonuses-for-employees\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tata Steel to Pay Rs. 315 Crore in Bonuses for Employees\" \/>\n<meta property=\"og:description\" content=\"Tata Steel announced a total payout of Rs 314.70 crore on account of annual bonus to employees for the year 2022-2023 following the signing of a Memorandum of Settlement with Tata Workers\u2019 Union (TWU) here.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/tata-steel-to-pay-rs-315-crore-in-bonuses-for-employees\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-05T08:22:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-05T08:22:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Tata-Steel-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Tata-Steel-Cover-Image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/tata-steel-to-pay-rs-315-crore-in-bonuses-for-employees\/\",\"url\":\"https:\/\/tradebrains.in\/features\/tata-steel-to-pay-rs-315-crore-in-bonuses-for-employees\/\",\"name\":\"Tata Steel to Pay Rs. 315 Crore in Bonuses for Employees - 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