7th Pay Commission Calculator: Want to know your salary? Calculate easily
Are you a central government employee and want to know your salary entitlement as per the rules prescribed under the 7th Pay Commission (CPC) guidelines? There is an easy way to find that out by yourself. You can do that by following this easy method
Are you a central government employee and want to know your salary entitlement as per the rules prescribed under the 7th Pay Commission (CPC) guidelines? There is an easy way to find that out by yourself. You can do that by following this easy method. Separate pay matrices have been drawn up for civilians, defense personnel and military nursing staff. The salary also varies as per the levels one is employed into.
Know how to calculate your 7th CPC salary!
The method to calculate your salary as per the 7th CPC is simple. The pay in the applicable Level in the Pay Matrix shall be the pay obtained by multiplying the existing basic pay by a factor of 2.57, rounded off to the nearest rupee and the figure so arrived at will be located in that Level in the Pay Matrix.
Note that if such an identical figure arrived after rounding- off corresponds to any Cell in the applicable Level of the Pay Matrix, the same shall be the pay. If no such Cell is available in the applicable Level, the pay shall be fixed at the immediate next higher Cell in that applicable Level of the Pay Matrix.
See Calculation here: easy steps to calculate your new 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.
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.
As per a government document, the Pay Band is between RS 5200- Rs 20200 in case of employees. The Grade Pay prescribed under the guidelines are 1800, 1900, 2000, 2400, 2800. There are 5 levels in the Pay Matrix. In each level the salaries have been decided from the newly recruited class officer to higher positions in that level.
See Zee Business Live TV Streaming Below:
Pay matrices
The 7th Central Pay Commission (CPC) introduced the index of rationalisation which means that the minimum pay has been increased from Rs 7000, earlier 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 250000.
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.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
08:00 PM IST