What is 5th pay commission?
Fifth Pay Commission. The notification for setting up the Fifth CPC was issued on 9 April 1994, but started functioning only on 2 May 1994, with the assumption of charge by the Member Secretary. The chairman of fifth pay commission was Justice S. Ratnavel Pandian.
How is DA calculated in salary?
The current rate of Dearness allowance multiply with your basic salary is Dearness allowance. For example, the existing rate of percentage is 12%, if your basic salary is Rs. 49000. The DA is (49000 x 12) /100.
What is the salary of 4400 grade pay?
9300-34800 GP-4400 Corresponding 7th PC Pay Scale- S-15, Rs. 41800- 132300 respectively.
What is the latest DA rate?
Dearness Allowance (DA) for central government employees has been hiked to 31% of the basic pay from 28%with effect from July 1, 2021, the Finance Ministry stated on Tuesday.
Is there any 8th Pay Commission?
8th Central Pay Commission News The 8th pay commission panel will be expected to set up in the year 2024. So, the 8th CPC is will be implemented with effect from 01-01-2026.
What is HRA and DA in salary?
DA or dearness allowance is calculated as a specific percentage of the basic salary which is then added to the basic salary along with other components like HRA (House Rent Allowance) to make up the total salary of an employee of the government sector.
How do I calculate DA in Excel?
The formulae for calculating dearness allowance are as under: For central government employees: DA% = ((Average of AICPI (Base Year 2001=100) for the past 12 months -115.76)/115.76)100 For central public sector employees: DA% = ((Average of AICPI (Base Year 2001=100) for the past 3 months -126.33)/126.33)100 Here.
What’s the Fitment Factor for the 5th Pay Commission?
Every pay commission is recommending the calculation methodology of pay or pension different from other pay panels. 5th pay commission and earlier to 5th CPC recommended the conversion of pay scale depends upon service weightage. 6th pay commission recommended a common fitment factor 1.86.
When do 4th 5th 6th 7th CPC get increase in salary?
The following is a table with the pay scale tables of the 4th, 5th, 6th, and 7th Central Pay Commission including the grade, the scale, the pay band, the pay scale, and the grade pay. Punjab government employees will get an increase in salary from 1 July 2021.
How to convert 4th Pay Commission to 7th Pay Commission?
Conversion of pay scale from 4th Pay Commission to 5th Pay Commission, 5th Pay Commission to 6th Pay Commission Pay Scale, and 6th Pay Commission to 7th Pay Commission Pay Scale Table for the purpose of Pension Calculation.
When does 6th Pay Commission start in Punjab?
News About 6th Pay commission 6th Pay Commission: Certain government employees to get a salary hike from 1 July 2021 Punjab government employees will get an increase in salary from 1 July 2021. The Finance Minister of Punjab Manpreet Singh Badal made the announcement on 8 March 2021.
