7th Pay Commission latest news today: Increased salary for Government employees will avail under this 7th CPC situation as per pay grade
7th Pay Commission latest news today: This piece of information regarding 7th CPC Pay grade will bring cheers to many central government employees.
7th Pay Commission latest news today: This piece of information regarding 7th CPC Pay grade will bring cheers to many central government employees. If the salaries of the two employees of the same pay grade under the 6th Central Pay Commission (6th CPC) has a difference of three per cent or more then it will eventually have the same salary in the 7th Pay Commission (7th cpc) as per recommendations.
For example, under the 6th CPC, if the minimum salary of an employee in a class is Rs 7210 and that of another is Rs 7430, then in the 7th Pay Commission the first employee's salary would become Rs 18,530 while the other employee's pay would be Rs 19,095. But when the salary of both of them is kept in the Pay Matrix under the 7th Pay Commission, both will get Rs 19100 as salary amount. This benefit is termed as bunching, and the benefit under this will be extended to employees from January 1, 2019.
Employees under this 7th Pay Commission Grade Pay will benefit
Under the 6th Central Pay Commission, those employees whose salary is under the Grade Pay of 1800, 1900, 2000, 2400, 2800 and 4200 will get the benefit of bunching. However, to get the benefit under this, They need to apply as soon as possible.
Watch Zee Business Live TV
Notably, Western Railway Employees Union, Bhavnagar Division, has urged all railway personnel to avail the benefit of 7th pay commission linked bunching as soon as possible according to their pay grade.
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
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
Power of Compounding: How many years it will take to reach Rs 2 crore corpus if your monthly SIP is Rs 3,000, Rs 4,000, or Rs 5,000
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
10:01 AM IST