CALCULATION OF NEW SALARY AS PER 14 AUGUST REPORT
The exact amount of gross pay on 1st october 2008 will follow:—
A=basic on 1-1-2006.
B=1.86*A adding 86% DA in A. NOW B wiil be the pay in the appropriate band.
C=B + G where G is the GRADE pay against pay-band of your POST.
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
Fixation of Pay as on 01.01.2006:
Old basic = 7500 ( in pre revised scale S-14 = 7500 - 250 - 12000)
Revised Pay Band = PB-2 = 9300-34800
Grade Pay = 4800
New Basic pay as on :
01.01.2006 = Old basic pay X 1.86 + Grade Pay = 7500 X 1.86 + 4800 = 18750
01.07.2006 = 18750 X 1.03 = 19313
01.07.2007= 19313 X 1.03 = 19892
01.07.2008 = 19892 X 1.03 = 20489
Transport allowance for A1 city from 01.09.2008= 1600
HRA for A1 city = 30 % of new basic from 01.09.2008 = 0.3 x 20489 = 6147
DA on new basic and transport allowance( but TA will be given from 1.09.2008) = revised DA is 16 % effective from 01.07.2008 = 0.16 X ( 20489 + 1600) = 3524
Total Emoluments from 01.09.2008 = New basic pay + TA + HRA + DA ( on new basic pay + TA) = 20489+1600+6147+3524
= Rs 31760
Total Revised Gross Pay from 01.09.2008 = Rs 31760.
Total Pre revised gross pay as on 01.08.2008
= old basic X 1.5 X 1.54( 7% additional DA will be effective from 01.07.08 in pre revised scale 47+ 7 = 54%) + TA + HRA + CCA = (7500X1.5 X 1.54)+ 400 + (0.3 X 7500 X1.5) + 300
= 17325 + 400 + 3375 + 300 = 21400
Gross pre revised Pay as on 01. 08. 2008 = 21400
Absolute hike in gross salary = Gross revised salary - gross pre revised salary = 31760 - 21400 = 10360
Percentage (%) hike in Gross salary = (10360/21400 ) X 100 = 42 %
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