BREAKING NEWS

BREAKING NEWS ""**If we want PSU bank to compete with Pvt bank ---Give them a break Saturday first*** DA FOR BANKER FROM FEBRUARY 2023 SEE DETAILS CHART FOR OFFICER AND WORKMAN***Outcome of Today’s meeting with IBA - 31.01.2023***All India Bank Strike 27.06.2022******PLEASE VISIT INDIAN TOURISM CULTURE & HERITAGE *****NITI Aayog finalised names of Two public sector banks and one general Insurance Co. for privatisation****No economic reason to privatise PSU banks---post date 24.05.2021******Mobile users may soon be able to switch from postpaid to prepaid and vice versa using OTP*****India May Privatise or Shut 46 PSUs in First 100 Days, Says NITI Aayog's Rajiv Kumar----We should start with the banks*****Expected DA for Bank Employee from August 2019 is 24 slab to 29 slab*****RTGS time window from 4:30 pm to 6:00 pm. with effect from June 01.06.2019******WITHOUT CUSTOMER'S CONSENT BANK CAN NOT USE AADHAAR FOR KYC ----RBI***** Salient features of Sukanya Samriddhi Account---Who can open and how?******OBC posts 39% rise in Q4 profit, OBC readt tWITHOUT CUSTOMER'S CONSENT BANK CAN NOT USE AADHAAR FOR KYC ----RBI o take another Bank--MD MUkesh Jain*******DA FOR BANKER FROM NOV 2018 IS INCREASE 66 SLAB I.E 6.60%****40,000 STANDARD DEDUCTION IN YOUR TAX - IS A GREAT DRAM/BLUFF BY JAITLY SEE DETAILS+++++++Cabinet approves plans to merge PSU banks-The final scheme will be notified by the central government in consultation with the Reserve Bank. post date 23.08.2017****IBA to restrict the negotiations on Charter of Demands of Officers' Associations up to Scale-III only post dated 07.07.2017*****

VISITOR FROM WORLD

Free counters!

YOU ARE VISITOR

Blog Archive

LIVE

BREAKING NEWS ""**If we want PSU bank to compete with Pvt bank ---Give them a break Saturday first****Outcome of Today’s meeting with IBA - 31.01.2023*********

Friday, November 20, 2015

Calculate your new pay as per seventh CPC report

After the submission of 900 pages report, everybody is aware of the salient features like minimum or maximum pay, abolition of Grade Pay, revisit of other allowances etc.
But many of the Central Govt. Employees are confused about the actual hike of fitment formula. For the convenience of our viewers the calculation formula is illustrated below.
Step 1
Add pay in the pay band plus Grade Pay in the pre revised scale (6th CPC)
Step 2
Multiply the Old Total Pay (Step 1) with 2.57 (UniqueMultiplication Factor)
[Remember to multiply by 2.57 in all cases]


Step 3
Put the result arrived in the previous step in the table above according to old Pay Band and Grade Pay. If the exact value is not available in the respective column, take the next higher value in the column. This ill be the new Basic Pay as per seventh CPC report.

Step 4
Add HRA @ 24% (For X cities) /18% (For Y cities)/8% (For other places)
Step 5

Add Transport Allowances as per the following table
(Find your Pay Level from the chart above based on your old Pay Band and Grade Pay)

This is the new Gross Pay after the 7th CPC Report.

No comments:

Bank of Baroda Officers Union announces All India strike against New Transfer Policy

The All India Bank of Baroda Officers’ Association has declared a strike in protest against the bank management’s new anti-officer transfer ...

script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js">