“Eagerness about Pay Hike Led to the Formation
of the Estimate Calculator for Central Government Employees”
Now that one year has passed since the
formation of the 7th Central Pay Commission, curiosity to know about the salary
hike has increased among Central Government employees. The 18-month duration
given to the Pay Commission ends in August this year. It is obvious that the
Commission is working hard and dedicatedly to complete its tasks and present
its pay hike recommendations and report, at the most, before the end of this
year.
Sources say that the Government will give its
nod to the recommendations of 7th CPC by April 2016. The recommendations
including new pay scale for all groups are expected to come into effect from
January 1, 2016 onwards.
“All over the world, speculations usually run wild about the outcome of
certain events. More than 50 lakh current and former Central Government
employees await information about the revision of pay and pension all over the
country”.
We now present you the “Expected Calculator”
which will give a fair idea of what to expect, in terms of salary increment,
from the 7th Pay Commission.
Now, about our calculator…
First the ‘Expected Pay Scale Table of 7th Pay
Commission’. [Click here]
And another important calculation is ‘Pay in
the Pay Band’ of 7th Pay Commission. [Click here]
We know very well that Dearness Allowance
percentage plays a very crucial role in deciding the revised pay sturcture.
AICPIN, which is used to calculate the Dearness Allowance, has been on the
stable for the past six months. Therefore, it is slightly difficult to
calculate the new pay scale. As of now, Dearness Allowance is fixed at 120% for
the current calculations.
House Rent Allowance, like before, will be
calculated based on the city where the head quarter is located and is given as
10%, 20% and 30%. There will be no changes in this.
Transport Allowance is calculated depending on
Dearness Allowance and is expected to increase by 3.28 times than the current
rates.
How to use our calculator…
Just input of your present basic pay and
details of allowances in the prescribed places. Click to calculate button. We
immediately suggest your Pay Band, Pay in Pay Band, Grade Pay, HRA and TA as on
1.1.2016 on the basis of your inputs.
In our calculator, the July 2015 increment is
added to the current basic pay to first arrive at the likely pay of January 1,
2016. According to the revised basic pay, DA, HRA and TA are given in the
output table.
Then, based on the estimated hike of the 7th
Pay Commission, the expected in revision of pay scale and allowances are given.
Pay Band, Basic Pay, HRA, TA and the total of your expected pay as on 1.1.2016.
Finally, the difference between the two is
calculated.
Thank you for using the calculator. Let us remind you once again that the
calculator is purely speculative and not official. You can share your opinion
and comments about this article on our Facebook
page. We eagerly look forward to seeing them.
Source : http://7thpaycommissionnews.in/
