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Friday, August 18, 2017

Comparison of salary between bank P.O. and Income Tax Inspector as July 2017

Comparison of salary between bank P.O. and Income Tax Inspector

Negotiation on 11th Bank Bipartite is currently on the initial stage. A number of sub committees are being formed and it will certainly take some time to mature the wage deal. 
Before implementation of sixth pay commission for central employees, bank officers and employees were certainly in better position in terms of wages compared to central counterparts. But sixth pay commission came as a game changer and took the central employees in a higher paid category. The earlier bipartite for bank employees (10th Bipartite) could not bridge the gap completely. Now Central Govt. introduced seventh pay commission and implemented it in a phased manner. With effect from 1st July 2017, all hiked allowances were also released and though the increase is not fair enough comparing to the sixth pay commission, it can be said that employees are being paid quite handsomely now.
Let's have a quick look on the starting salary of a Bank PO and Income Tax Inspector.
Bank PO. as on 1st Nov 2016
Basic Pay 23700
DA           12206.69
Spl All.     1836.75
CCA           870
HRA         2133
TOTAL    40,746.54  (In A Class Cities)
(SBI POs are paid four increments extra at the initial stage and thus their Gross Salary will be about Rs 6000 higher)
(Bank PO salary has been taken from allbankingsolution.com)
Income Tax Inspector as on 01.07.2017
Basic Pay                    44,900
DA                                 1796
HRA                            10776
Tr All                             3744
Conveyance All             2100
(Cost of 30 Lt Petrol)
TOTAL                         63,316     (In Major Cities)   

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