How is salary calculated from basic pay scales?
How is salary calculated from basic pay scales?
The method to calculate your salary as per the 7th CPC is simple. The salaries are obtained by multiplying the existing basic pay by a factor of 2.57 and the figure so arrived will be added to all the applicable allowances such as Transport Allowance (TA), House Rent Allowance (HRA), Medical Allowance, etc.
What is the salary if grade pay is 2400?
2016. The minimum monthly salary for the pay level 4 is Rs….Salary Increment Table for Pay Matrix Level 4 (GP 2400)
| Basic Pay | Rs. 25,500 |
|---|---|
| Gross Salary | Rs. 37,239 |
What is the salary structure for an Indian mining PSU that says the scale of pay is 20600 3 46500?
20600-3\%-46500 (E-2 Grade) and offered attractive compensation package (CTC approximately ranging from Rs. 9.05 Lakhs to 9.65 Lakhs per annum). On successful completion of the training, the Trainees would be absorbed as Engineers in the Grade-II Scale of Pay of Rs. 16,400-40,500/-.
What will be the salary of basic pay is 5200?
Now here is the Salary in Pay Band 1 i.e. 5200-20200 of Newly recruited employee. Gross Salary: 41804-48860 per month. Cash in Hand: 38067-45123 per month.
What is the difference between basic pay and basic salary?
Basic salary is a rate of pay agreed upon by an employer and employee and does not include overtime or any extra compensation. Gross salary, however, is the amount paid before tax or other deductions and includes overtime pay and bonuses.
What is the salary structure of these pay bands / pay scales?
You can know the salary structure of these pay bands / pay scales as per 7th CPC and latest rate of allowances. In 5200-20200 Pay Scale, 5200 is the starting basic pay while 20200 is the last basic pay for a post. Similarly, In 9300-34800 Pay Scale, the starting basic pay is 9300 and last basic pay is 34800.
What is the salary structure of 9300-34800 pay scale?
When a new employee joins and given 9300-34800 pay scale, then in starting he/she is given salary based on 9300 basic pay. Various allowances are calculated on this basic pay and added to basic pay to come at total salary. The salary structure given here is in Rupees. HRA: 24\% for Class X City, 16\% for Class Y city, 8\% for Class Z city.
What is the salary of recruit salary in Pay Band 4?
It means Salary in 5200-20200 grade pay 2000 pay scale equals 7th pay scale of 21700-69100. Now here is the New Recruit Salary in Pay Band 4: 37400-67000. (Here in 37400-67000 pay scale, starting basic pay is Rs. 37400 and last basic pay given on this post is Rs. 67000.)
What is the salary in various govt jobs pay scales?
Each of the post is assigned a pay scale or Pay Matrix. The salary of that post is calculated on that scale. This page will let you know salary in various Govt jobs pay scales. Some of the pay scales are 5200-20200, 9300-34800, 15600-39100.