Thursday, November 26, 2015

How to calculate pay in 7th pay Commission

Know Easy steps to Calculate your 7th Pay Commission New Pay Scale

7th Pay commission simplified the calculation for arriving revised Pay through new 7th CPC Pay Metrix

We here illustrate the method through easy 6 Steps to calculate our 7th CPC New Pay and Allowances to know your self

Lat us Assume you are drawing Grade Pay Rs.4200 and Pay in the Band Pay Rs.12110

To calculate your Basic Pay and Allowance follow the steps given below.

Step-I

Calculate your sixth CPC basic Pay 
( Grade Pay + Band Pay) = 4200+12110= 16310

Step-II

Multiply the above figure with 7th CPC Fitment Formula 2.57
16310 x 2.57 = 41916.70 . ( Paisa to be rounded off to the nearest Rupee)
The Ans is = Rs.41917

Step-III

Match this Answer with Matrix Table ( Given Below) Figures assigned in Grade Pay column Rs.4200

There is no matching figure we arrived above in this matrix, so the closest higher figure assigned in the Grade Pay column can be chosen ie is Rs. 42300

So , Rs 42300 is your New 7th CPC Basic Pay

Step-IV

Identify your HRA [ See : 7th Pay commission recommendation on HRA]

HRA has been revised as 24%, 16% and 8% for 30% , 20% and 10% respectively

So if you are in 30% HRA Bracket, your HRA in 7th CPC is 24% vis versa.

Let us assume now you are in 30% HRA bracket, your revised HRA is 24%

Find the 24% of the Basic Pay = 42300 x 24/100 = 10152

Your HRA is Rs.10152

Step-V

Identify your TPTA (Transport Allowance)

7th CPC Recommends Transport Allowance for three Category of Employees for Two Types of Places

If you are living in A1 and A classified cities (See the List of 19 cities classified as A1 and A cities) you will be entitled to get higher TPTA rates

7th cpc TPTA Transport Allowance

And since your Grade Pay is 4200 you fall in Second category

ie Grade Pay 2000 to 4800 – Rs 3600+DA

Your TPTA is Rs. 3600/- (DA is Nil as on 1.1.2016)

Step-VI

(Sine DA will be Zero from 1.1.2016 So no need to calculate the DA to calculate 7th Pay and Allowances from 1.1.2016)

Add all the figures

New Basic Pay + HRA+TPTA = 42300+10152+3600 = 56052

Your revised 7th CPC Grass pay as on 1.1.2016 = Rs.56052.

Friday, November 13, 2015

The Payment of Bonus (Amendment) Bill, 2015 to

NEW DELHI: The Cabinet decided to double the wage ceiling for calculating bonus to Rs 7,000 per month for factory workers and establishments with 20 or more workers.

"The Payment of Bonus (Amendment) Bill, 2015 to enhance the monthly bonus calculation ceiling to Rs 7,000 per month from existing Rs 3,500 was approved by Union Cabinet here," a source said after the Cabinet meeting.

The amendment bill will be made effective from April 1, 2015. Now the bill will be tabled in Parliament for approval.

The bill also seeks to enhance the eligibility limit for payment of bonus from the salary or wage of an employee from Rs 10,000 per month to Rs 21,000.

The Payment of Bonus Act 1965 is applicable to every factory and other establishment in which 20 or more persons are employed on any day during an accounting year.

The bill also provides for a new proviso in Section 12 which empowers the central government to vary the basis of computing bonus.

At present, under Section 12, where the salary or wage of an employee exceeds Rs 3,500 per month, the minimum or maximum bonus payable to employees are calculated as if his salary or wage were Rs 3,500 per month.

The last amendment to both the eligibility limit and the calculation ceilings under the said Act was carried out in 2007 and was made effective from April 1, 2006.

This amendment in the Act to increase wage ceiling and bonus calculation ceiling was one of assurances given by the Centre after 10 central trade unions went on one-day strike on September 2.

The government had hinted at meeting workers' aspirations on nine out of 12 demands submitted by the unions.

Saturday, November 7, 2015

seventh pay Commission bill passed

7th Pay commission का बिल हुआ पास: केन्द्रीय कर्मचारियों को Good News
केन्द्रीय कर्मचारियों को Good News केन्द्र सरकार ने कल केबिनेट की बैठक में 50% DA बेसिक मे जोड़ने के प्रस्ताव को पास कर दिया है यह आदेश दिनाँक 01/01/ 2015से मान्य होगा.
अब डी ए मर्ज होने के बाद कुल डी ए 63% होगा.
7th Pay commission latest news.
Likely to be submitted on or before 14.12.15.
1. Minimum pay 21000/-
2. No grade pay system and open ended scales.
3. Retirement - 33yrs of service or 60yrs of age whichever is earlier.
4. HRA 30% CCA to be reinforced.
5. Categories of posts to be modified.
6.Date of effect from 1.1.2016.
7. Calculations 2.86 x basic pay agreed.
7th CPC joint draft memorandum submitted on by the member of CPC from  DOPT, MHA, MEA and DS&T etc with recommendations to implement w.e.f. 1st January 2016.                           
Member (attached 26 pages report) Pay scale are calculated on the basis of pay drawn in PB including GP multiply by the factor 2.15 and new basic pay will be (old PB+GP)*2.15 (.) Pension and family pension multiply factor should be 2.50.                                    
Member (attached 14 pages report) annual rate of increment divided  into five categories(A) 2500 for fixed basic (B) 1500 for class 1(C) 1200 for class 2 (D) 1000-Group A,800-Group B,600-Group C for class 3 (E) 400 for class 4 annually.                            
Member(attached 32 pages report) The present MACPs scheme should be replaced by giving 4 up gradation after completion of 10,18,25,30 years of continues service.              
Member (attached 28 pages report) house rent allowance should be as it was in 6th CPC and date of increment should be 1st January    in place of 1st July w.e.f. 01-01-2016 and house building advance should be 50 times of new basic pay.                                     
Member (attached 12 pages report) Transport allowance should be 10% of new basic pay+DA in X class cities and 5% of new basic pay+DA in Y class cities.     
Member (attached 38 pages report) (a)All India transfer allowance @5% of new basic pay per month to only those who have completed minimum three postings in different three States.   
(b)Maximum service length 31years, Maximum age 60 years for retirement from service with condition whichever is early.
(c)Pata military special pay should be @5% of new basic pay to only those who have completed minimum three years service either in NE region or J&K region.                      
Member (attached 24 pages report)
New pay scale .
Old PB-1,GP-1800 New pay scale are 15000-33600,
Old PB-1,GP-1900&2000 New pay scale are 21500-40100,
Old PB-1, GP-2400&2800 New pay scale are 25000-43600.
Old PB-2, GP-4200 New pay scale are 30000-54800,
Old PB-2, GP-4600&4800 New pay scale are 40000-71000,
Old PB-2,GP-5400 New pay scale are 45000-90000,Old PB-3.GP-6600 New pay scale are 52000-100000. Old GP-7600 New pay scale are 60000-110000. Old GP-9000 New pay scale are 75000-125000.