Showing posts with label job. Show all posts
Showing posts with label job. Show all posts

Tuesday, August 19, 2008

Revised Pay Calculator, Arrears calculator after cabinet approval

After cabinet approval of modified 6th pay commission report, here you can check your actual pay hike with most trusted pay calculator and arrears calculator.

This sixth pay commission pay calculator taken into account following modification

1. Fitment factor is 1.86 (changed from 1.74)
2. Fixed pay increment rate of 3%, only in month of July
3. Lowest transport allowance of Rs. 600/- instead of Rs. 400/-
4. DA rates taken as -
0% -> from 1.1.2006;
2% -> from 1.7.2006;
6% -> from 1.1.2007;
9% -> from 1.7.2007;
12% -> from 1.1.2008
16% -> from 1.7.2008 onwards

Just put your pay data in the excel file here in zoho sheet (no need to download the excel file.

Government has not changed the grade pay. Grade pay is same as it is recommended by original 6th pay commission report.

You can also calculate your in-hand salary after paying income tax by this calculator

If you don't know your grade pay, visit here to know it


New pay calculator and arrears calculator is here below(wait for about one minute for loading )put your pay data in it.

Thursday, August 14, 2008

Cabinet approves 6th Pay Commission report

Today on 14th August Cabinet approves sixth Pay Commission report. From September 2008, government employee will get hiked salary.

- Arrears will be effective from 01.01.2006, but central government employee will get only 40% of arreres on 2009 and rest 60% of arrears on 2010. arrears will be paid in cash.

- The higher salaries for 5 million government employees will cost the Centre Rs178 bn on an annual basis. The wage hike will exceed pay commission estimates by Rs110 bn, the Government said.

-The Cabinet broadly accepted the recommendations of the Sixth Central Pay Commission with some modification. The new system of four Pay Bands with 20 Grade Pays recommended by the commission has been accepted with minor changes.

-In the defense sector, it approved at least three assured promotions for all defence forces personnel and civilian employees under the modified Assured Career Progression scheme.

-The government for the first time approved Military Service Pay for armed forces personnel, under which officers would get Rs 6,000 over and above their pay per month.

-Annual pay increase will fixed 3%

August 18: Update- There are many arrears calculator and pay calculator came here and there on web, all are incorrect and without any information on source, Don't believe on that calculators. Till now Government has not disclosed the detailed sixth pay commission report that is approved by cabinet. There is no information of the applicable DA till yet.


To know about new pay scale try revised pay and revised arrears calculator,visit here (not approved one but it may give approx pay and arrears)

Wednesday, August 13, 2008

sixth pay commission report is going to approve on 14th August by Cabinet

Today on 13th august, 2008 In PM office, at discussions, it is decided that sixth pay commission report is going to be approved by cabinet on 14th august, 2008. PM is going to give more information about 6th pay commission on 15th august.

It is expected that all the doubt about revised sixth pay commission report by COS will be cleared tomorrow.

Thursday, July 31, 2008

New Pay Scale list as per Review Commitee Report (COS)

Here is the new revised pay scale of sixth pay commission report, after modification by Cos (Review Committee). This is the final pay that central government employees will get after implementation of revised 6th pay commission report.

New pay calculator is here (wait for about one minute for loading )


you can get the grade pay from below chart

Pre-Revised

Revised

Pay Scale

Pay Scale

Pay Band

Corresponding Pay Bands

Grade Pay

S-1

2550-55-2660-60-3200

-1S

4440-7440

1300

S-2

2610-60-3150-65-3540

-1S

4440-7440

1400

S-2A

2610-60-2910-65-3300-70-4000

-1S

4440-7440

1600

S-3

2650-65-3300-70-4000

-1S

4440-7440

1650

S-4

2750-70-3800-75-4400

PB-1

4860-20200

1800

S-5

3050-75-3950-80-4590

PB-1

4860-20200

1900

S-6

3200-85-4900

PB-1

4860-20200

2000

S-7

4000-100-6000

PB-1

4860-20200

2400

S-8

4500-125-7000

PB-1

4860-20200

2800

S-9

5000-150-8000

PB-2

8700-34800

4200

S-10

5500-175-9000

PB-2

8700-34800

4200

S-11

6500-200-6900

PB-2

8700-34800

4200

S-12

6500-200-10500

PB-2

8700-34800

4200

S-13

7450-225-11500

PB-2

8700-34800

4600

S-14

7500-250-12000

PB-2

8700-34800

4800

S-15

8000-275-13500

PB-2

8700-34800

5400

S-16

9000

PB-3

15600-39100

5400

S-17

9000-275-9550

PB-3

15600-39100

5400

S-18

10325-325-10975

PB-3

15600-39100

6100

S-19

10000-325-15200

PB-3

15600-39100

6100

S-20

10650-325-15850

PB-3

15600-39100

6500

S-21

12000-375-16500

PB-3

15600-39100

6600

S-22

12750-375-16500

PB-3

15600-39100

7500

S-23

12000-375-18000

PB-3

15600-39100

7600

S-24

14300-400-18300

PB-3

15600-39100

7600

S-25

15100-400-18300

PB-3

15600-39100

8300

S-26

16400-450-20000

PB-3

15600-39100

8400

S-27

16400-450-20900

PB-3

15600-39100

8400

S-28

14300-450-22400

PB-4

39200-67000

9000

S-29

18400-500-22400

PB-4

39200-67000

9000

S-30

22400-525-24500

PB-4

39200-67000

11000

S-31

22400-600-26000

PB-4

39200-67000

13000

S-32

24050-650-26000

PB-4

39200-67000

13000

S-33

26000(Fixed)

Apex Scale

80000 (Fixed)

NIL

S-34

30000 (Fixed)

Cab.Sec./Equ.

90000 (Fixed)

NIL

Saturday, July 12, 2008

cabinet meeting for SPC after 22 july

6th pay commission report was not in the agenda of the Cabinet Committee meeting on 11th July 2008. Government's only concern now is about saving the government from the motion of confidence at parliament on 22th July. If UPA fails in parliament, SPC report will be discussed only after the formation of new government.

You can expect any new news about 6th pay commission and new pay information only after 22nd July.

Not a single political party is opposing the worst recommendation by Committee of Secretaries (CoS) or original 6th pay commission report.

Thursday, June 12, 2008

Modification in pay scale only for Defence Personnel and Police

Under pressure on account of mounting expenditure, the government is likely to make only marginal changes in the recommendations made by the Sixth Pay Commission. Changes are likely only in the case of defence personnel and police forces, it is understood.

The committee of secretaries headed by Cabinet secretary K M Chandrashekhar looking into the commission’s recommendations is expected to submit its report by the end of July. These would then go to the Cabinet for approval.


Another panel headed by finance secretary D Subbarao is separately looking into the grievances of defence and police forces. This committee will give its inputs to the committee of secretaries that has secretaries of the departments of home, defence, revenue, expenditure, post, security as well as deputy comptroller and auditor general and member secretary of Railway board as its members.

full report

Friday, June 6, 2008

pay revision committee proposal for PSU staff

Over 210,000 executives in estimated 240 central public sector undertakings are in for a bonanza with a pay revision committee recommending a massive hike in their annual cost-to-company. The hike ranges between 379 per cent at the highest level and 57 per cent at the lowest across companies and levels

The proposed pay structure seeks to reduce the disparity between public sector executives and their private sector counterparts and introduce a performance-based compensation culture.

n another far-reaching recommendation, the award calls for complete delinking of public sector and government pay scales. PSU employees are proposed to get much more than government officials.
For instance, the chairman and managing director of a company like ONGC, NTPC or Bharat Sanchar Nigam Ltd is proposed to be paid Rs 52.20 lakh a year,

Pay panel's other recommendations
  • Employee stock options, linked to performance pay
  • Performance-related payout amounting to 40-200 per cent of basic pay
  • Risk pay of Rs 1,100 to Rs 25,000 per month
  • New pay scale of Rs 65,000 - 75,000 of E-10 in A+ companies
  • Sick companies to be allowed pay revision (without risk pay or variable pay) if they make cash profit
  • Central PSUs not making cash profits to be examined by the Board for Reconstruction of Public Sector Enterprises
  • CMDs and directors of sick central PSUs which have seen a turnaround will retire at 60
  • No upper limit on gratuity
  • Separate fund for post-retirement medical treatment and to meet emergency needs of those who have retired
  • Revision of pay for non-unionised supervisors to be decided by board of directors
  • Retirement benefit of 30 per cent of basic pay, which includes CPF, pension, gratuity and post-retirement medical benefits

  • Full report

    Friday, May 23, 2008

    Atomic, Space scientists reject pay structure by SCPC

    After Armed Forces personnel, Atomic and Space scientists are now upset with the "very low" pay structure recommended by the Pay Commission and rejected it outright and also sought intervention of Prime Minister Manmohan Singh.

    The scientists and technologists said the salary scales recommended by the Sixth Central Pay Commission (SCPC) reflected its "appalling attitude" towards the scientific community not tenable with the growth of the country's high-tech departments. They have sought an appointment with Singh, who is also the Minister-in-charge of their departments, for help in rectifying the "anomalies."

    "In any case, the recommendations are no where comparable with IT and IT-enabled sectors and we summarily reject the pay structure recommended by SCPC," President of Confederation of Atomic and Space Scientists and Technologists (COAST), Josheph Winston of Indira Gandhi Centre said in a release.

    The COAST met on May 17 and reviewed the Commission's rrecommendatiaons at Kalpakkam in Tamil Nadu and examined in detail the "anomalies" of the recommendations, he said.

    "In the long run, such an apathetic attitude of SCPC would lead to total collapse of scientific and technological base in India along with a complete halt to the indigenous technology," COAST's Vice-President R Rama Varma, VSSC (Trivandrum) said.

    Winston said the poor package recommended would not attract the younger scientists and lead to brain drain and remorse amongst those who continue with these organisations. Later, these scientists would try to leave these departmetns and join MNCs or private sectors, he said. source

    Thursday, May 22, 2008

    Security Press of India opposing 6th pay commission recommendations

    Nasik's Security Press of India employees opposing 6th pay commission recommendations. A meeting of the Workers Union of the Security Press of India was held at the Gate No 3.

    The leaders of the Union also stated that a number of recommendations of the Pay Commission were aimed at disrupting the workers movement in India. The President Mr Arun Badgujar accused that the pay commission had recommended only a paltry rise in the salaries.

    However the more damaging effects of the pay commission were the targeting of the Workers Movement which was a more serious issue. The government should not use this forum to disrupt the workers movement. The reduction in the number of vacancies for the Class IV employees and the reduction in Public Gazetted Holidays was strongly opposed. source

    Thursday, March 27, 2008

    People Unsatified With sixth pay commission report

    All news about 40% rise in salary is absolutely wrong. If you read full report here or calculate your net salary, you will find that actual rise in pay is only around 20% for most of central government employees.

    Now unsatisfied with sixth pay commission report, armed forces are planning to petition the government to ensure officers and jawans get better pay packages than the ones recommended. The matter is likely to be raised when Admiral Sureesh Mehta, General Deepak Kapoor and Air Chief Marshal F H Major meet defence minister A K Antony on Thursday.

    Admiral Mehta said, ‘‘There are always anomalies in the pay commissions, which need to be corrected. We will take it up directly with the pay commission.’’ General Kapoor, in turn, said, ‘‘We are studying the proposals... We will come out with cogent suggestions to the defense ministry. There is always scope for improvement in everything.’’

    Remember that, they will talk for only armed forces, not for civilians employees.