What Is 7th Pay Scale?

How is PF calculated in CTC?

Salary (CTC) calculation: Under CTC model, if the monthly EPF wages of an employee is Rs 10,000, then he/she will get Rs 200 more directly from the employer as the share of the employer’s contribution to EPF/EPS will be reduced and Rs 200 less will be deducted from his/her wages..

How can I convert my salary into grade pay?

The Main Question is What is Pay Scale? How to Calculate Pay Scale?Basic Pay. Grade Pay. … It means your salary will be calculated as. (Basic + grade pay)+DA+HRA+MA.Presently, DA is around 110%, HRA may vary from 10% to 30% and MA can vary widely. Here I’m assuming DA=110% HRA=20% MA=40%Gross monthly salary.

How can I fix my salary in 7th Pay Commission?

7th CPC Pay FixationThe basic pay drawn by an individual must be identified. The basic pay in this case is the pay in the pay band in addition to the grade pay. … ‘A’ must be multiplied by 2.57 and must be rounded off to the closest rupee. The figure so arrived at can be called ‘B’.’B’ will be the individual’s new pay in the pay matrix.

What is DA in salary?

Dearness AllowanceThe Dearness Allowance (DA) is a calculation on inflation and allowance paid to government employees, public sector employees (PSE) and pensioners in India, Bangladesh and Pakistan. Dearness Allowance is calculated as a percentage of an Indian citizen’s basic salary to mitigate the impact of inflation on people.

Where is DA in salary slip?

DA or dearness allowance is calculated as a specific percentage of the basic salary which is then added to the basic salary along with other components like HRA (House Rent Allowance) to make up the total salary of an employee of the government sector.

What is the salary of grade pay 5400?

7th Pay Commission: Revised income structure under 15,600 to 39,100 pay bandPay Band15600-39100Grade Pay54006600Level1011156100677002578006970038 more rows•May 23, 2017

What is the salary of 9300 34800 grade pay 4600?

One more weekPay Band900 to 34800 pay bandGrade42004600Level67135400449002365004620038 more rows•May 24, 2017

What is the salary of IAS?

Salary Structure of IAS Officers and IAS Career Path – 7th Pay CommissionGradePay ScaleGrade Pay of IAS officerSuper Time Scale37400 – 670008700Above Super Time Scale37400 – 6700012000Apex Scale80000 (Fixed)NACabinet Secretary Grade90000 (Fixed)NA4 more rows

What is the salary of level 10?

Level 10 in 7th CPC Pay matrix is the Starting Pay Scale of group A Officer in central government. The Level 10 has 40 Cells starts with Rs. 56100 and ends with Rs. 17750 at 40th Cell.

What is the salary of level 8?

Selected candidates will be given a Level-8 pay scale under the 7th CPC pay matrix. As per the 7th pay commission pay matrix, a Level-8 employee will get a salary from Rs 47,600 to Rs 1,51,100 means after selection, the candidate will get a starting salary of Rs 47,600 plus Dearness Allowance (DA) and other allowances.

What is 7th CPC level?

The new 7th Pay Commission Pay matrix has been designed in such a way to represent all 6th CPC running pay bands subsumed with the grade pay and multiplied with the fitment factor ranging from 2.56 to 2.72 in one table. … The Seventh CPC is recommending a Pay matrix with distinct Pay Levels.

What is level 4 in pay matrix?

7th Pay Matrix Level 4 Gross Salary Calculation Table. Generally, in Central Government Services, Level 4 is not an entry grade in all Departments and Ministries. Employees have reached this level 4 by the way of promotion or MACP. Pay Matrix Level 4 is equal to the Grade Pay of 2400 in the 6th CPC regime.

How is 7th pay calculated?

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 of 4600 grade pay?

SSC CGL Salary after 7th pay commissionJob Posts & DepartmentGrade-PayNet in hand salary (After 7th pay commission)Sub-Inspector – CBI460061888 (X) 58296 (Y) 54704(Z)Inspector of post – Dept. of Post4600Inspector – Narcotics4600Assistant – Other Ministries420049543 (X) 44636 (Y) 41804 (Z)27 more rows

How is CTC calculated in salary?

It is calculated by adding salary to the cost of all additional benefits an employee receives during the service period. If an employee’s salary is ₹500,000 and the company pays an additional ₹50,000 for their health insurance, the CTC is ₹550,000. Employees may not directly receive the CTC amount.

What will be the salary in 7th Pay Commission?

As per the new recommendations of the 7th Pay Commission, the maximum wages and remuneration have been raised for Government employees. The Apex scale employees will receive an increased salary amount of Rs. 2.25 lakh per month and for the officers in the Cabinet, the maximum remuneration is Rs. 2.5 lakh.

What is Level 7 pay scale in India?

Pay Matrix Table for Central Government Employees – level 6 to 9 (PB II ,4200 to 5400)7th CPC PAY MATRIX-† PAY BAND – IIPay Band9300-3480074230053600843600552009449005690041 more rows

What is salary of 4200 grade pay?

7th pay commission pay matrixPay Band5200-202009300-34800Grade Pay18004200Entry Pay (EP)700013500Level00010006Index0002.570002.6229 more rows•Jun 29, 2016