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Saturday, August 23, 2008

CALCULATE REVISED PAY YOURSELF

"It may or may not be 100% correct.but on basis of information received from various sources as on date ",
You can !
CALCULATE REVISED PAY YOURSELF
Example :-
Fixation of Pay as on 01.01.2006:
Old basic = 4500 ( in prerevised scale S-7 = 4000 - 100 - 6000)
Revised Pay Band = PB-1 = 5200-20200 Grade Pay = 2400
New Basic pay as on :01.01.2006 = Old basic pay X 1.86 + Grade Pay = 4500 X 1.86 + 2400
= 10770
01.07.2006 = 10770 X 1.03 = 11093
01.07.2007= 11093 X 1.03 = 11426
01.07.2008 = 11426 X 1.03 = 11769
Transport allowance for C/unclassified city from 01.09.2008= 800 ( in the instant case)
HRA for unclassified city = 10 % of new basic from 01.09.2008 = 0.1 x11769 = 1177
DA on new basic and transport allowance( but TA will be given from 1.09.2008) = revised DA is 16 % effective from 01.07.2008 = 0.16 X ( 11769 + 800) = 2011
Total Emoluments from 01.09.2008 = New basic pay + TA + HRA + DA ( on new basic pay + TA) = 11769+800+1177+2011 = Rs 15757/-
Total Revised Gross Pay from 01.09.2008 = Rs 15757.
Total Pre revised gross pay as on 01.08.2008
Basic Pay=4500 +DP=2250+ DA=3173 +HRA=506 + Tr All=75 Total= 10504
Absolute hike in gross salary = Gross revised salary - gross pre revised salary
= 15757 - 10504 = 5253 /- ( Should be confirmed after receipt of Govt. orders)

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