7th Pay Commission Calculator: Know how to calculate salary in this easy way
7th Pay Commission Calculator: Central government employees can easily calculate their salaries and here is how - learn how to do it in these simple steps. Separate pay matrices have been drawn up for civilians, defense personnel, military nursing staff. The 7th Pay Commission salary also varies as per the levels one is employed
7th Pay Commission Calculator: Central government employees can easily calculate their salaries and here is how - learn how to do it in these simple steps. Separate pay matrices have been drawn up for civilians, defense personnel, military nursing staff. The 7th Pay Commission salary also varies as per the levels one is employed.
7th CPC Pay matrices
The 7th Pay Commission (CPC) introduced the index of rationalisation which means that the minimum pay has been increased to 18,000 per month and the starting salary of a newly recruited employee at lowest level is now Rs 18000 whereas for a newly recruited Class I officer it is Rs 56900. The maximum pay Rs 250,000 at the highest level.
7th Pay Commission calculator: How to calculate your salary
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.
See Calculation here: easy steps to calculate your salary
Let us say the Basic pay of an employee as on 1st January 2016 is Rs 20,500 in the Grade Pay Level 2 of the Pay Band 5200- 20200 (Highest salary in this pay band ).
New Pay = (Basic pay (as on 1st Jan 2016) x 2.57)+ All Allowances as per to the revised rates by the Government Cabinet decision
See Zee Business Live TV Streaming Below:
All you have to do is to multiply this with 2.57 fitment factor. Multiply basic pay by 2.57 fitment factor = Rs 20,500 x 2.57 = Rs 52,685. Your TA, HRA, medical allowances as applicable and according to the revised rates of allowances approved by the Government etc will be added to the amount of Rs 52,685.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.