eighth Pay Fee Revised Wage Calculations: For a central authorities, the eighth Pay Fee has a number of significance. Not simply their primary wage, however their home lease allowance (HRA), journey allowance (TA), baby training allowance (CEA), or different allowances are prone to see a considerable rise within the eighth Pay Fee wage revision. The revised payout could also be greater than double their present salaries.
It should rely upon the fitment issue that the pay fee decides on.
However if you’re an worker with Grade 2,000 (Stage 3, primary Rs 26,000, primary Rs 41,800), Grade 4,200 (Stage 6, primary pay 42,300, Rs 68,000), Grade 4,600 (Stage 7, primary pay Rs 50,500, primary pay Rs 70,000) and Grade Pay 5400 (Stage 9, primary pay Rs 80,200) by way of seventh Pay Fee pay matrix.
What could also be your revised wage at a 2.57 fitment issue?
How a lot home lease allowance (HRA), journey allowance (TA), you might obtain put up revision.
What could also be your revised Nationwide Pension System (NPS) and Central Authorities Well being Scheme (CGHS) contributions?
How a lot whole in-hand wage might you get within the new pay fee? See our estimates to know-
What could be fitment issue for eighth Pay Fee?
There are numerous projections and professional opinions associated to the fitment issue within the eighth Pay Fee. Probably the most-talked about fitment elements are 2.04, 2.28, 2.57, and a pair of.86.
HRA, TA may also be revised
Not simply the fundamental wage, however a number of allowances, comparable to HRA and TA, may also be revised.
Each these allowances are based mostly on the worker’s place of keep and journey. For a similar-level worker, they are often totally different if their posting is in rural or city space.
NPS, CGHS fees may also be revised
In central authorities jobs, the worker contribution to their NPS account is 10 per cent of their primary pay and dearness allowance (DA), whereas the employer contribution is 14 per cent.
Because the worker’s primary pay will likely be revised, their NPS contribution may also improve robotically.
What’s going to we calculate?
We’ll calculate the projected revised pay for workers with Grade 2,000 (Stage 3, primary Rs 26,000 and Rs 41,800), Grade 4,200 (Stage 6, primary pay 42,300 and Rs 68,000), Grade 4,600 (Stage 7, primary pay Rs 50,500 and Rs 70,000) and Grade Pay 5400 (Stage 9, primary pay Rs 80,200) at a 2.57 fitment issue.
We may also calculate the projected revised home lease allowance (HRA), journey allowance (TA), Nationwide Pension System (NPS), Central Authorities Well being Scheme (CGHS) contributions, and the web wage. We’re calculating HRA at 24 per cent, and TA for increased TPA cities.
Revised pay, whole wage for Grade 2,000 (Stage 3, primary Rs 26,000)
Projected revised salary- Rs 66,820
Projected revised HRA- Rs 16,036.8
Projected revised TA- Rs 3,600
Gross salary- Rs 86,456.8
NPS contribution- Rs 6,682
CGHS contribution- Rs 250
Web salary- Rs 79,524.8
Revised pay, whole wage for Grade 2000 (Stage 3, primary Rs 41,800)
Projected revised salary- Rs 1,07,426
Projected revised HRA- Rs 25,782.24
Projected revised TA- Rs 3,600
Gross salary- Rs 1,36,808.24
NPS contribution- Rs 10,742.6
CGHS contribution- Rs 250
Web salary- Rs 1,25,815.64
Revised pay, whole wage for Grade 4200 (Stage 6, primary pay 42,300)
Projected revised salary- Rs 1,08,711
Projected revised HRA- Rs 26,090.64
Projected revised TA- Rs 3,600
Gross salary- Rs 1,38,401.64
NPS contribution- Rs 1,0871.1
CGHS contribution- Rs 450
Web salary- Rs 1,27,080.54
Revised pay, whole wage for Grade 4200 (Stage 6, primary pay 68,000)
Projected revised salary- Rs 1,74,760
Projected revised HRA- Rs 41,942.4
Projected revised TA- Rs 3,600
Gross salary- Rs 2,20,302.4
NPS contribution- Rs 1,74,76
CGHS contribution- Rs 450
Web salary- Rs 2,02,376.4
Revised pay, whole wage for Grade 4600 (Stage 7, primary pay 50,500)
Projected revised salary- Rs 1,29,785
Projected revised HRA- Rs 31,148.4
Projected revised TA- Rs 3,600
Gross salary- Rs 1,64,533.4
NPS contribution- Rs 12,978.5
CGHS contribution- Rs 650
Web salary- Rs 1,50,904.9
Revised pay, whole wage for Grade 4600 (Stage 7, primary pay 70,000)
Projected revised salary- Rs 1,81,699
Projected revised HRA- Rs 43,607.76
Projected revised TA- Rs 3,600
Gross salary- Rs 2,28,906.76
NPS contribution- Rs 1,81,69.9
CGHS contribution- Rs 650
Web salary- Rs 2,10,086.86
Revised pay, whole wage for Grade Pay 5400 (Stage 9, primary pay Rs 80,200)
Projected revised salary- Rs 2,06,114
Projected revised HRA- Rs 49,467.36
Projected revised TA- Rs 3,600
Gross salary- Rs 2,59,181.36
NPS contribution- Rs 20,611.4
CGHS contribution- Rs 650
Web salary- Rs 2,37,919.96
(Disclaimer: These are projections. Precise calculations might fluctuate.)
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