What is the formula for calculating fitment?

What is the formula for calculating fitment?

Multiply the fitment factor with the current basic pay and the result is revised pay. For example, an employee drawing a basic pay of Rs. 20,500 (Grade Pay 4600) and his pay will be fixed in the pay matrix table are given below: 20,500 x 2.57 = 52,685 (next higher cell in the proportionate pay level of 7)

What is the formula of 6th Pay Commission?

Pay w.e.f. 01-01-2006 (Revised)

Revised Pay Band (-1S): Rs. 4440-7440
Basic Pay in the Running Pay Band: Rs. 4,750.00
Grade Pay: Rs. 1,300.00
Period – w.e.f. Total Pay: (Basic + Grade Pay) House Rent Allowance: (@ 30 % of Total Pay)
01-01-2006 Rs. 6,050.00 N.A.

How do you calculate basic pay from fitment factor?

If the fitment factor is raised to 3.68, the basic salary of the employees will become Rs 26,000. Right now, if your minimum salary is Rs 18,000, then excluding allowances, you will be getting Rs 46,260 (18,000 X 2.57 = 46,260) according to the 2.57 fitment factor.

How do you calculate promotional fitment?

The pay of the promoted is fixed by granting an amount equal to two increments. i.e., 6 % of their Basic Pay. The figure so arrived at, a sum of…

e., the difference between the Grade Pay of Under Secretary and Deputy Secretary (7600-6600) will be added .

What is salary fitment factor?

Employees are currently getting salary under fitment factor on the basis of 2.57 percent, which if increased to 3.68 percent, there will be an increase of Rs 8,000 in the minimum salary of the employees. This means the minimum pay of the central government employees will be hiked from Rs 18,000 to Rs 26,000.

What is fitment factor?

Fitment factor is a multiplication number that is used to arrive at a common result. The 7th Pay Commission multiplies this figure with the basic pay in 6th CPC regime (Pay in Pay band added with Grade pay) for the purpose of determining basic pay in revised pay structure.

What is fitment table?

How is DA 2021 calculated?

DA payment will be done twice a year based on the CPI-IW inflation usually January and July….Expected DA from January 2021 is 28%

Current Rate of DA % is 17%
Approximately expected Hike in DA for the month of July 2021 is 4% (27%+4%) 31%*

What is meaning of fitment in PRC?

Fitment means the increase in the salaries of central and state employees in line with rising commodity prices and other expenses. The Center revises salaries every ten years and our state government every five years.

Does the fitment table take into account the advance increments?

Dear ars, fitment table takes int account both the advance increments as well as residency requirement. Revised pay in pay band changes after one reaches at 14940.

What was the subject of the sixth Central Pay Commission recommendations?

Subject: Implementation of Sixth Central Pay Commission recommendations – fixation of pay and payment of arrears – instructions regarding. The undersigned is directed to refer to the Central Civil Services (Revised Pay) Rules, 2008, notified vide G.S.R.

How do I calculate my basic pay in 7th CPC?

As per you basic pay as on 31-12-2015 multiply by 2.57 = total amount as on 1-1-2016 same amount or equal amount in the 7th CPC of your Matrix Level increments every year up to as on date I am GOI employee and opted my pay fixation as on 01/01/2016 in seventh CPC. Rs. 26380+6600 GP = Rs. 32980/- was as on 01/01/2016.