New Delhi: Bringing respite to lakhs of central government employees, the government may finally pay them increased salaries under the recommendations by the 7th Pay Commission in April, as per media reports.
Media reports also added that the Gazette will have this information in the next financial year while the implementions will be made from April 2018.
The Union Cabinet had in June approved recommendations of the CPC with 34 modifications, which will mean an additional annual burden of Rs 30,748 crore on the exchequer.
All allowances are given effect from July 1, 2017.
The recommendations benefit over 1 crore employees. This includes over 47 lakh central government employees and 53 lakh pensioners, of which 14 lakh employees and 18 lakh pensioners are from the defence forces.
The new scales of pay provide for entry-level basic pay going up from Rs 7,000 per month to Rs 18,000, while at the highest level i.e. Secretary, it would go up from Rs 90,000 to Rs 2.5 lakh. For Class 1 officers, the starting salary will be Rs 56,100.
Here we will show you how the 7th Pay Commission will change your exact salary keeping in mind the 4 main pay bands:
Existing Pay Band (5200-20200)
(All numbers are in rupees)
Basic pay = 5200
Grade pay = 1800
Total entry pay = 7000
Dearness allowance: 125% on Basic pay and Grade pay = 8750
Total salary = 7000+ 8750+ allowances = 16750 + allowances
New salary ( as per 7th Pay Commission) = 18000 + allowances
Net difference = 1250
Employees fall under this pay band: Security guard, Junior Attendant, Driver etc.
Existing Pay Band (9300-34800)
Basic pay = 9300
Grade pay = 4200
Total entry pay =13500
Dearness allowance: 125% on Basic pay and Grade pay = 16875
Total salary = 13500+ 16875 + allowances = 30375 + allowances
New salary ( as per 7th Pay Commission) = 35400 + allowances
Net difference = 5025
Employees fall under this pay band: TGT Teacher, Pharmacist, Senior Security Inspector, Junior Engineer etc.
Existing Pay Band (15600-39100)
Basic pay = 15600
Grade pay = 5400
Total entry pay = 21000
Dearness allowance: 125% on Basic pay and Grade pay = 26250
Total salary = 21000+ 26250 + allowances = 47250 + allowances
New salary ( as per 7th Pay Commission) = 56100 + allowances
Net difference = 8850
Employees fall under this pay band: Medical Officer, Manager, Scientific Officer, Assistant Professor, Engineer etc.
Existing Pay Band (37400-67000)
Basic pay = 37400
Grade pay = 8700
Total entry pay = 46100
Dearness allowance: 125% on Basic pay and Grade pay = 57625
Total salary = 46100 + 57625 + allowances = 103725 + allowances
New salary ( as per 7th Pay Commission) = 118500 + allowances
Net difference = 14775
Employees fall under this pay band: Associate Professor
Source:http://zeenews.india.com/personal-finance/7th-pay-commission-fair-compensation-for-central-govt-employees-to-come-into-force-from-april-2078171.html
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- -BONUS ORDER
- 'BONUS
- AICPIN
- AIDEF
- AIR INDIA
- AIRF
- AITUC
- ALLOWANCE
- annual increment
- ARMY
- BANK EMPLOYEES
- BSNL
- cadre restructuring
- cadre review
- CBSE
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- CGHS
- CHILD CARE LEAVE
- children education allowance
- CONFEDERATION
- DA
- DC JCM
- DEARNESS ALLOWANCE
- dearness relief
- DOPT
- EMPLOYEES PROVIDENT FUND
- EPFO
- FAMILY PENSION
- finmin
- FIXED MEDICAL ALLOWANCE
- GDS
- GENERAL PROVIDENT FUND
- GPF
- GRADE PAY
- HOLIDAY
- HOLIDAY HOMES
- HOUSE BUILDING ADVANCE
- HOUSE RENT ALLOWANCE
- HRA
- INCOMETAX
- JCM
- JCM III
- KENDRIYA VIDYALAYA
- LEAVE TRAVEL CONCESSION
- LTC
- LTC 80 FARE
- LTC ADVANCE
- MACP
- MATERNITY LEAVE
- MAY DAY
- MINISTRY OF DEFENCE
- MINISTRY OF FINANCE
- MODIFIED ASSURED CAREER PROGRESSION
- NATIONAL ANOMALY COMMITTEE
- NATIONAL PENSION SCHEME
- NATIONAL PENSION SYSTEM
- NC JCM
- NEW PENSION SCHEME
- NIGHT DUTY ALLOWANCE
- NJCA
- OFB
- one rank one pension
- ONE RANK ONE PENSION.
- ORDINANCE FACTORY BOARD
- paternity leave
- pay fixation
- PCDA
- PENSION
- post offices
- POSTAL EMPLOYEES
- RAILWAY BOARD
- RAILWAY BONUS
- RAILWAY EMPLOYEES
- retirement
- retirement age
- revision of pension
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