Saturday, August 16, 2008

SCPC: Calculation of salary as per 14 Aug Revised Pay Panel Report

Many of you want to know the formula for calculating new pay. The exact amount of gross pay as on 1st october 2008 will be as follows:

A=basic on 1-1-2006.
B=1.86*A adding 86% DA in A. NOW B will be the pay in the appropriate band.
C=B + G where G is the GRADE pay against pay-band of your Rank.
D=1.03*C after 3% increment, basic on 1-7-2006
E=D*1.0p if p% DA is added
F=E*1.0p again p% DA released on 1-1-2007
H=F*1.03 increment on 1-7-2007 inflation neutralised!!
J=H*1.0p DA on 1-7-2007
K=J*1.0p DA on 1-1-2008
L=1.03*K increment added on 1-7-2008
M=L*1.0p latest DA on 1-7-2008
Now add HRA, Edu, MSP etc allowances applicable to you in M = that will give your GROSS PAY.
Pensioners: The formula earlier given by Brig CS Kamboj (Retd) and published in this blog is still valid. Pension as on 01 Jan 2006 X 1.385= Pension as on 01 Jan 2008.
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