How can I calculate my salary in 7th Pay Commission?
How can I calculate my salary in 7th Pay Commission?
The basic salary is calculated by multiplying it by 2.57 which is in addition to allowances like Dearness Allowance (DA), Traveling Allowance (TA), House Rent Allowance (HRA). For instance, if a person’s basic salary is Rs 18,000, then his salary would be 18,000x 2.57= Rs 46,260 which will be without allowances.
How do you calculate 7 salary?
How to calculate the 7th CPC revised pay scale?
- Step 1: Check your basic pay (including grade pay) as on 31.12.2015.
- Step 2: Multiplication by a Fitment factor of 2.57.
- Step 3: Rounded off to the nearest rupee.
- Step 4: Go to Matrix Pay Table and select the Level corresponding to Grade Pay.
What is the salary structure of 7th Pay Commission?
1. Level 1 TO 5 (Grade Pay 1800 to 2800) Pay Band-1 (5200 to 20200) The salary scale structure for Pay Level 1 starts at Rs 18,000 and ends at Rs 56,900. The salary scale structure for Pay Level 2 starts at Rs 19,900 and ends at Rs 63,200.
What is the Inhand salary of Level 7?
The calculation of monthly total salary of basic pay Rs….7th Pay Matrix Level 7 Hand Salary.
| Basic Salary | Rs. 44,900 |
|---|---|
| Gross Salary | Rs. 77,113 |
How salary is calculated from pay scale?
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 level in 7th pay commission Matrix?
The pay matrix comprises two dimensions. It has a “horizontal range” in which each level corresponds to a ‘functional role in the hierarchy’ and has been assigned the numbers 1, 2, and 3 and so on till 18. The “vertical range” for each level denotes ‘pay progression’ within that level.
How the salary is calculated?
Ideally, they use a reversed calculation method where a percentage of the salary and CTC is taken. The basic pay is usually 40% of gross income or 50% of an individual’s CTC. Basic salary = Gross pay- total allowances (medical insurance, HRA, DA, conveyance, etc.)
What is level 8 salary in 7th pay commission?
Pay Matrix Table for Level 8
| 7th Pay Matrix Level 8 | Basic Pay Structure with Annual Increments |
|---|---|
| 6 | 55200 |
| 7 | 56900 |
| 8 | 58600 |
| 9 | 60400 |
What is the in hand salary of 4600 grade pay?
Gross Salary: Rs. 66007-75889 per month. Cash in Hand Salary: Around Rs. 60807-70689 per month.
What is the CTC for 15000 salary?
How to calculate CTC from basic salary
| Description | Component of Salary (Per Annum) | Amount |
|---|---|---|
| Medical Reimbursements | 15,000 | |
| Gross Salary | 6,75,000 | |
| Benefits vary from company to company | Medical Insurance | 2000 |
| Provident Fund (12% of Basic) | 57,600 (12% of 4,80,000) |