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Discussion on 10th Bipartite Agreement Of PSU banks

mangalamraj
Raj Mangalam @mangalamraj 9
Posted 22 Apr
[image] Now PSU Government Bank Will Work For 5 Days ? Rajmanglam PSU Government Bank will work for Five days in a week as like other Private and Government Institute. Indian Banks Association (IBA) has re considered the demand of Banking employees. Although it was the same proposal whi...





  • 1 Like  
  • Yup...it will be a fresh breeze for all bankers:). 26 Apr.
  • hope it works.... 22 Apr.
rajkumarpapa
RAJKUMAR GUPTA @rajkumarpapa 9
Posted 09 Feb
are bhai settelment ka kya hua kuch to batao
are bhai settelment ka kya hua kuch to batao

  • till date 10% on pay slip cost. 19 Feb.
  • *नई दिल्ली (एसएनएन) :* सार्वजनिक क्षेत्र के बैंक के कर्मच.... 09 Feb.
rajkumarpapa
RAJKUMAR GUPTA @rajkumarpapa 9

नई दिल्ली (एसएनएन) : सार्वजनिक क्षेत्र के बैंक के कर्मचारी 10 फरवरी से दो दिन की हड़ताल पर जा रहे हैं. हड़ताल का फैसला यूनियन और मैनेजमेंट के बीच वेतन वृद्धि को लेकर हुई बातचीत के फेल होने के चलते लिया गया है.

यूनाइटेड फोरम ऑफ बैंक यूनियन (यूएफबीयू) के संयोजक एम वी मुरली ने बताया कि चीफ लेबर कमिश्नर के सामने इंडियन बैंक्स एसोसिएशन (आईबीए) और यूनियनों के बीच बातचीत के बाद भी कोई सॉल्यूशन नहीं निकला, जिसके चलते हड़ताल का फैसला लिया गया है.

नेशनल ऑर्गेनाइजेशन ऑफ बैंक वर्कर्स (एनओबीडल्यू) के जनरल सेक्रेटरी अश्विनी राणा ने कहा कि बैकों के द्वारा वेज रिवीजन के संबंध में दिया जाने वाला ऑफर बढ़ती हुई महंगाई के हिसाब से बहुत ही कम है जिसने यूनियनों को हड़ताल पर जाने के लिए मजबूर किया है.

यूनियन फोरम ऑफ बैंक यूनियन 9 बैंकों के कर्मचारियों और अधिकारियों का यूनियन है. देश भर में लगभग 27 पब्लिक सेक्टर बैंक है जिनके कर्मचारियों की कुल संख्या 8 लाख से भी अधिक है. इन सभी बैंकों की पूरे देश भर में लगभग 50,000 शाखाएं है.

गौरतलब है कि इससे पहले 14 दिसंबर को वेतन समीक्षा पर आईबीए के साथ बैठक बेनतीजा रहने के बाद सार्वजनिक क्षेत्र के बैंक कर्मचारी 18 दिसंबर को एक दिन की हड़ताल पर थे. कर्मचारियों के

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mangalamraj
Raj Mangalam @mangalamraj 9
Posted 30 Jan
[image] Expected Gross Salary For Bank Officers With10%... Rajmanglam 10th Bipartite Settlement for Bankers Wage Revision - Recent IBA offers to banker s union with 10% hike on wage revision has irked the bakers as a whole. This was the nonsense talk as bankers were expecting ...







  • 5 Comments
  • thx, I created the excel sheet for newbie only, just chan.... 03 Feb.
  • @mangalamraj I visited this link and saw your site and th.... 30 Jan.
  5 Comments
prash39
prashant jha @prash39 74
@mangalamraj wr in the discussions has the UFBU/ IBA mentioned that the 10% is after the DA merger. . wats being said is "payslip cost". . .nw wats this payslip cost??
mangalamraj
Raj Mangalam @mangalamraj 9
Being insider I must say If compare with the central government jobs, bankers will be looser even after 10th bipartite
mangalamraj
Raj Mangalam @mangalamraj 9
thx, I created the excel sheet for newbie only, just change the DA rate for what ever the settlement DA and gross salary would be updated...
deepak1139
Confused Soul :-) @deepak1139 2.4 k
@mangalamraj I visited this link and saw your site and that's really helpful but I found the terms used are a bit technical for a newbie reader, So it would be better if you could try to explain the things in a more lucid way or if possible, provide the explanation of the terms.

Also, Just curious to know which bank you work for and as per you what could be the hike we can actually expect (Asking this to you since you are an insider ).
mangalamraj
Raj Mangalam @mangalamraj 9
Posted 18 Jan
[image] What is Increase on Payslip Cost in IBA Wage... Rajmanglam Recently IBA (Indian Banker s Association) agrees to pay the Government Bank s employees in 10th Bipartite settlement an increase of 9.5% on Payslip cost. What exactly is this Payslip cost, which is making news commonly ...





shivam_ver
SHIVAM VERMA @shivam_ver 26
Posted 03 Oct '13
The central government is trying to befool the bankers by bringing in the concept of CTC........i think that its really sad......we shid all protest against this.......and if implemented then also use this conept others gov services.......
The central government is trying to befool the bankers by bringing in the concept of CTC........i think that its really sad......we shid all protest against this.......and if implemented then also use this conept others gov services.......


niteshkumara
NITESHKUMAR ANISETTY @niteshkumara 1
Posted 24 Sep '13
https://www.facebook.com/groups/282031618564590/permalink/410337029067381/
nr.sbi
Nihar Ranjan @nr.sbi
Posted 22 Sep '13
it seems like 10th BPS will be finalized towards end of 2014..... Is there any chance of settlement before general election in 2014??? :worried: :worried: :worried: :worried: :worried: :worried: :worried:
it seems like 10th BPS will be finalized towards end of 2014.....
Is there any chance of settlement before general election in 2014???
  • For ur 2nd question, I certainly feel there is a chance...... 24 Sep '13.
rajaharish
raja harish @rajaharish 79
For ur 2nd question, I certainly feel there is a chance.. It is already due..
mangalamraj
Raj Mangalam @mangalamraj 9
Posted 16 Sep '13
60.15% on BP - A settlement by IBA [image] Discussion 60.15% What IBA Agreed for 10th... Rajmanglam Bank Employees Salary Revision / Hike with Bank PO & Clerk Expected Salary Public Sector Bank Employees will have 60.15% increases in Tenth Bipartite Settlement including Bank PO an...
60.15% on BP - A settlement by IBA






vikas002
vikas thakur @vikas002 2
Posted 09 Sep '13
when will employ get new revised salary
when will employ get new revised salary
  • hope it at least b4 Dec 14. 27 Oct '13.
psubank
banker banker @psubank
Posted 25 Aug '13
DA merger + %age increase will add up to make final basic pay and other salary components i.e. DA(remaining 10.9%) HRA & CCA will be calculated on that final basic. DA is merged to calc new basic pay in the begining itself along with 20%(min.) increase by IBA. for PO.....14500/- (new basic=1...

DA merger + %age increase will add up to make final basic pay and other salary components i.e. DA(remaining 10.9%) HRA & CCA will be calculated on that final basic. DA is merged to calc new basic pay in the begining itself along with 20%(min.) increase by IBA.

for PO.....14500/- (new basic=14500+8721.75(DA merging 60.15%) + 4644.35(20% increase min.)=27866.1) +DA(remaining 10.9% i.e. 76.5% (as on nov 2012 & not on present DA)-60.15%=16.35%@ 0.15 bt now reduced to 0.10, so comes down to 10.9% i.e. 3037.40
+ 2368.62(HRA) + 540(CCA if applicable)= Rs. 33812.12/- (GROSS)


ARREAR(calc from nov 2012 to mar 2014= for 17 months = around Rs.1,23,709/- (GROSS)


for Scale 2....new basic=19400+11669.1+ 6213.82(20% increase min.)=37282.92)

+DA(remaining 10.9%= 4063.84)+ 3169.05(HRA) + 540(CCA if applicable)= Rs. 45055.81/- (GROSS)

ARREAR(calc from nov 2012 to mar 2014= for 17 months = around Rs.1,46,642/- (GROSS)


UNDERSTANDING D.A. MERGER AND WAGE REVISION PROCESS ************************************************

In the meeting 12.08.2013 it is decided to merge 4440 points of CPI with Basic pay. What does it mean? As on 01.11.2011 CPI was 4440 for D.A calculation i.e 401 slabs, 60.15%(@0.15% per slab) As on 01.11.2012 CPI was 4876 for D.A calculation i.e 510 slabs, 76.50% (@0.15% per slab) Now after merging 4440 points D.A. for balance 436 points i.e 109 slab will remain.

This 109 slab will not be calculated @ 0.15% as it will lead to giving D.A on D.A +basic. Hence it will be reduced. To what extent? In 8 th bi-partite settlement D.A. merger was at 2288 points. % per slab was 0.18% In 9th bi-partite settlement D.A. merger was at 2836 points. % per slab was 0.15% How 0.18 became 0.15?

It is simple maths. (2288/2836)*0.18=0.145=0.15% Likewise this time it will be (2836/4440)*0.15=0.0958=0.10% This rate is not announced officially, but this is the method of calculation. If higher % is announced I will be happy.

What is the effect of merging D.A with Basic Pay? Example: On 01.11.2012 Basic Pay =8000. D.A. (old)=6120 (@76.50%) Total=14120 On 01.11.2012 Basic Pay=12812. (60.15% of 8000).D.A. (New)=1396.50(109*0.10%) Total=14208

Now, Basic pay of 8000 becomes 12812. IBA has not revealed the % of wage increase yet. Any % announced will be calculated on 12812 and not on 8000.

This is the effect of D.A.merger. All our benefits like HRA, CCA, PF CONTRIBUTION, PENSION, COMMPUTATION,LOAN ELIGIBILITY etc.,are calculated on the basis of basic pay only. Hence we have to increase Basic pay substantially.

Therefore this merger point is a good one.

Msk97
MSk @Msk97 77
Posted 14 Aug '13
Hi all ( irrespective of bank alloted ) look at the below useful info abt the salary revision for po in 2013 ……….. Bank PO & Clerk Expected Salary After Pay Revision (10th Bipartite Settlement) Bank Probationary Officer Salary After Revision in 2013: At present a newly joined Ba...

Hi all ( irrespective of bank alloted ) look at the below useful info abt the salary revision for po in 2013 ………..


Bank PO & Clerk Expected Salary After Pay Revision (10th Bipartite Settlement)


Bank Probationary Officer Salary After Revision in 2013:


At present a newly joined Bank PO's Basic Pay is Rs.14,500. After merging the 60.15% DA as on 01.11.2011 to Basic Pay, it will be Rs.23,221/- We are expecting minimum 20% increment to this basic pay, but we can expect 25% increment to this basic pay.

If IBA agree for 20% increment, Final Basic Pay will be Rs.27,866. From August 2013, DA is 88.95%. After merging 60.15 with basic, remaining 28.80% DA will be there. We can expect minimum 10% HRA after revision. So, you get total 38.80% of DA & HRA on Basic Pay. So, total Gross Salary of Bank fresher Probationary Officer (PO) from August 2013 will be Rs.38,678/- (Worst Possible Scenario)

If IBA agree for 25% increment, Final Basic Pay will be Rs.29,026. Total 38.80% of DA & HRA on Basic Pay. So, total Gross Salary of Bank fresher Probationary Officer (PO) from August 2013 will be Rs.40,288/- (Somewhat Good)

If IBA agree for 30% increment, Final Basic Pay will be Rs.30,187. Total 38.80% of DA & HRA on Basic Pay. So, total Gross Salary of Bank fresher Probationary Officer (PO) from August 2013 will be Rs.41,899/- (Good Settlement)

We can expect Worst possible scenario in reality. So, Salary of Bank PO from August 2013 will be Rs.38,678/-


  • 2 Likes   4 Comments
  • @Msk97. 14 Aug '13.
  • Does this apply to companies like lic also?. 14 Aug '13.
rajaharish
raja harish @rajaharish 79
Very true indeed. People have seen such revisions as a great financial recovery and it ends up paying a 3000 more and in this inflation period, 3000 will just be sufficient to buy onions
mhb103
Maximus Aurelius @mhb103 711
August 2013? We will be lucky to get it before November 2014..dont put too many hopes on this so called wage revision..in the end u will be getting a net increase of 3k per month..period
rajaharish
raja harish @rajaharish 79
Posted 13 Aug '13
Will the 10th Bipartite agreement have an impact on salary of Insurance companies like LIC?
Will the 10th Bipartite agreement have an impact on salary of Insurance companies like LIC?
ambujchinu
SANAKRAN SRINIVASAN @ambujchinu 3
Posted 22 Jun '13
*DEMYSTIFYING CTC * *HERE ARE LIES, DAMNED LIES AND CTC'S * NUBE circular 03 / 2013 dated : 11-06-2013* *rightly explained what is Cost to the Company, net salary and gross salary which are some of the key components that form part of any individual's salary structure.a transparent effort by a ...

DEMYSTIFYING CTC

HERE ARE LIES, DAMNED LIES AND CTC'S

NUBE circular 03 / 2013 dated : 11-06-2013 rightly explained what is Cost to the Company, net salary and gross salary which are some of the key components that form part of any individual's salary structure.a transparent effort by a negotiating union Cost to the company is the figure what companies generally like or prefer to quote when they offer salary packages to potential job aspirants. The cost to the company figures can be quite misleading for new job aspirants while seasoned or experienced individuals usually are quite obviously aware of the differences after a couple of bitter experiences. At the end of it, the amount the person actually gets in hand can turn out to be significantly lower than what he/she would have originally imagined.

Eg:1

Ravi, a fresh software graduate, joined a top notch IT Company. For his first job, he was extremely happy with the total CTC of Rs 6,00,000. On the basis of this CTC, Ravi made lavish plans with his first month's salary. Expensive gifts for family, a swanky new bike and the latest mobile phone. But with the first salary, he realized some of his plans had to wait. His take home salary was nowhere close to his estimation of his salary. He approached his HR, who then explained the breakup of his CTC, which he had just glanced over at the time of joining.

The Cost to Company refers to the total expenditure a company would have to incur to employ you. It includes monetary and non-monetary benefits, such as monthly pay, training costs, accommodation, telephone, medical reimbursements or other expenses, borne by the company to keep you employed. The total CTC as need not be the actual salary in hand at the end of the month. It is simply a sum of various components put together.

Eg 2

Let's take a live example to understand this better. Arjun Malhotra recently got selected as an Assistant Manager in one of the leading Mumbai-based BPOs. It was his first job and he was offered an annual CTC package of Rs. 501624/- ' Wow that sounds cool' he thought. He immediately did some rough calculations and estimated that his monthly salary would turn out to be Rs. 41,802/-. His happiness didn't last long when he was provided the offer letter and then it dawned on him what a cost to the company or CTC package meant.

Basically a CTC package includes all of the cost factors (well almost) that a company spends on an individual. This primarily includes Employer's contribution of provident funds, Gratuity, Mediclaim Insurance, Food Coupons, Loyalty bonus, and performance linked bonuses to name a few. When companies include all these factors naturally the salary has to look bloated.

From an employee's perspective the inclusion of the aforementioned factors doesn't reflect directly in his net salary or his take home salary. Net salary or take home salary basically means what you get in hand post the standard deductions such as PF, gratuity, and professional tax if applicable, etc. The other major factor that impacts your net salary other than the standard deductions is the income tax.

Now that we have explained you what a CTC and net salary means, let us try and explain you the meaning of “gross salary.” Gross salary is basically the salary that is quoted on your pay slip. Gross salary doesn't include the additional components that form part of your CTC.

Now lets go back to Arjun's example. Below is an extract from Arjun's offer letter.

Gross and CTC Salary Breakup

Components

Amount Per Month

Components

Amount Per Month

Basic

13200

Employer's PF

1797

HRA

7260

Gratuity

635

Transportation

800

Fixed Bonus

5500

Education

200

Mediclaim

250

Meal Coupons

1100

Canteen

620

LTA

990

Medical

1250

CCA

8200

Total Gross

33000

Total CTC

41802

Annual CTC

5010624

Showing 1 to 10 of 10 entries

The above table has been divided into two segments. The components on the left are the ones that are accounted for in his gross salary while the components on the right are the CTC components which don't directly reflect in his take home pay. Most of these components such as performance bonus, gratuity, employer's contribution of PF and canteen facilities do not get accounted for in his monthly take home but benefits he can derive in the long run. So if we all want to know what Arjun's actual salary is – well it turns out to be just Rs. 33,000/- (Gross salary) which is approximately Rs. 8000/- less than his CTC. Once again there are also some additional components included in Arjun's gross salary such as LTA that would be paid out to him at the end of the year or the food coupons (Sodhexo meal passes) paid monthly but in the form of coupons. This again differs or varies from company to company. Most companies offer Sodhexo's as a tax saving gesture where the employees get to save a certain amount annually on income tax as the deducted amount is not taken into consideration for calculating income tax.

Other than what you get to see in Arjun's offer letter, different companies have a variety of components that are considered under CTC. For instance most leading banks provide home loans to their employees on a heavily discounted rate of interest. The entire benefit the employees gain from the discounted rate is added to their CTC package which hugely inflates their overall package.

Eg:3

Himadri Shekhar Bhattacharjee, a bank officer in his thought provoking, informative study in his site 'musing of life has adumbrated this spurious , perverse concept succinctly that it could be inflated by as much as 73%, if not more. See, how it can inflate the pay package of bank employees, irrespective of the actual money at hand, as can be seen below:

CTC of a JMG- 1

Bank Officer : CTC of a bank officer

·

INFLATION OF SALARY PACKAGE BY APPLYING CTC CONCEPT OF CALCULATION

.

BASIC PAY

Rs14500 pm*12

174000

.

DEARNESS ALLOWANCE@36.75%, as on Aprill 2010

Rs5328.75 pm*12

63945

.

HOUSE RENT ALLOWANCE@6.5% AT OTHER PLACES

Rs942.50 pm*12

11310

.

SPECIAL AREA ALLOWANCE@Rs400

Rs400 pm*12

4800

.

CITY COMPENSATORY ALLOWANCE,@4% OF BP MAX. Rs540 pm.

Rs540 pm*12

6480

.

PF CONTRIBUTION BY EMPLOYER @10% of BP(though There shall be no Provident Fund to officers joining the services of Banks on or after 01.04.2010. They shall be covered by a Defined Contributory Pension Scheme).

Rs1450 pm*12

1450

.

RENT FREE ACCOMODATION (minus recover @1.20% of starting BP, ie.Rs174 pm

17400

.

Furniture Facility(less, recovery @.25% of starting BP ie Rs36.25 pm from Rs80000, as admissible in PNB,for example).

For an assumed asset life of 10 years,(80000-(36.25*120))

75650

.

FIXED PERSONAL PAY at minimum.

Rs858 pm*12

10296

.

PROFESSIONAL QUALIFICATION PAY FOR CAIIB@ Rs410 pm, 2 years after reaching top of the scale.

Rs410 pm*12

4920

.

PROFESSIONAL QUALIFICATION PAY FOR CAIIB@ Rs1030 pm. 2 years after reaching top of the scale.

Rs1030 pm*12

1030

.

HALTING ALLOWANCE, w.e.f. 01.05.2010 Grade / Scales of Officers Major 'A' Class Cities (Rs.) Area I(Rs.) Other Places (Rs.) Officers in Scale - IV & above 1000 800 700 Officers in Scale - I / II / III 800 700 600

12360

.

MID ACADEMIC YEAR TR. ALL. w.e.f 01.05.2010 Rs.700/- p.m.

700

.

MEDICAL AID (@Rs5100 pm,as prevalent in PNB, for ex.).

5100

.

PETROLL REIMBURSEMENT@30 litres in a month in area III places.

@Rs73 per litres for 12 months

26280

.

NEWSPAPER EXPENSES REIMBURSEMENT(@ Rs150pm. at PNB, for ex.)

@Rs150 for 12 months

1800

.

MOBILE BILL REIMBURSEMENT(@Rs1200pm, at pnb, for ex)

@Rs1200 pm for 12 months

14400

.

ENTERTAINMENT EXPENSES(@Rs4800 pa, as paid by pnb, for ex.)

4800

.

CANTEEN FACILITY(@Rs50 per employee, in mid sized branches, as paid by PNB, for ex.)

@Rs50 for 12 months

600

.

KEROSENE/FUEL CHARGES FOR CANTEEN (on actual basis).

At an assumed consumption of one LPG cylinder pm for an office with 5 staff.

1032

.

LIBRARY FACILITIES(@Rs625 pa.as paid by PNB,for ex.)/

At an assumed staff strength of 5

125

.

CLOSING ALL.FOR 2 CLOSINGS IN A YEAR@Rs250,per closing, as paid in PNB

500

.

BRIEF CASE COST REIMBURSEMENT(@Rs150, as paid by PNB,for ex.).

Not included as contingent upon it happening.

150

.

CHILDREN'S SCHOLARSHIP SCHEME.

4000

.

EX-GRATIA

100000

.

SILVER JUBILEE/ MILE STONE AWARDS

4000

.

MEMENTO TO RETIRING EMPLOYEES.

5000

.

GRATUITY

.

Compensation on Transfer Officers in Scale - IV & above` Rs.12,000/- Officers in Scale - I, II & III Rs.9,000/-

9000

.

LEAVE FARE CONCESSION, w.e.f 01.05.2010 An officer in JMG Scale - I is entitled to travel on duty by 1st Class or AC 2-Tier Sleeper by train. He may, however, travel by air (economy class) if so permitted by the Competent Authority having regard to the exigencies of business or public interest.

.

DEPUTATION OUTSIDE BANK@7.75% of pay max.Rs2300 pm

.

DEPUTATION INSIDE BANK@4% of pay, max.Rs1200 pm

.

HILL AND FULE ALLOWANCE, w.e.f 01.11.2007 Places with an altitude of 1000 meters & above but less than 1500 metres & Mercara Town 2% of pay subject to a maximum of Rs.550/- p.m.Places with an altitude of 1500 meters & above but less than 3000 metres 2.50% of pay subject to a maximum of Rs.680/- p.m.Places with an altitude of 3000 meters & above 5% of pay subject to a maximum of Rs.1,570/- p.m.

Not taken into calculation as not admissible to all.

.

CTC Per Year

438978

.

CTC Per Month,as on 01-04-2010

36,581.50

.

ACTUAL STARTING SALARY OF A JMG SC-I, AS ON 01-04-2010 PM

21171.25

.

SALARY PACKAGE INFLATED BY CTC CONCEPT:

73%

15410.25

.

CTC FOR PERSONS MAY BE ADJUSTED FOR CC ALL AND NON CC ALL. RECEIPENTS.

SOURCE : http://mitalismusings.blogspot.in/2013/04/bank-employees-do-not-deserve-any-pay.html

'CTC' emerged as a new and novel way to window dress salary packages to project them more than what one gets in his/her hand. Beware, the CTC concept is being toyed with, by FINMIN and IBA, to create a feeling that, bank employees are already getting more than what they deserve, so, there is no need for any further hike.But, it defies logic, why, government employees are kept untouched from this seemingly novel concept and pay commission structured pay and facilities are continued for them inspite of the stark disparity between pay of government employees and bank employees.Even State govt employees get more than what we get.

Let the Finance Ministry lead from the front and show it to the Nation how the CTC structure be implemented by moving all the MPs, MLAs, Ministers, PM, President etc etc as well as the Govt Employees to the CTC Model first. Lets not forget Charity begins at home first. So please preach what you Practice

S.Srinivasan

Above all we have to increase our awareness and learning

  • 3 Likes  
psubank
banker banker @psubank
Posted 15 Jun '13
i read in a blog, "*the cut off date for merger of D.A. is taken as 30-09-2011 as was done last time, the revised basic pay before additional load will be 1.6015 times the present basic. Then adding another 25%, the revised basic will be 2.001875 times the present basic pay.*" I want to know is ...

i read in a blog, "the cut off date for merger of D.A. is taken as 30-09-2011 as was done last time, the revised basic pay before additional load will be 1.6015 times the present basic. Then adding another 25%, the revised basic will be 2.001875 times the present basic pay."

I want to know is this estimate made on gross salary or net? if it's on gross salary den in that case the wage increase/revision will not be more than 3.5k-4k on gross, as in.....if one's gross sal(scale 2) is 38k and after new basic(DA merged & 25% load=Rs.38836/-) + hra(2900/-(7.5% of new basic)) +cca , so it will come around 42k....the increase is only Rs.4000/-....and I believe the increase in net sal will not be more than 3k if gross is only 4k.....if anyone could clear this doubt!!

  • 3 Comments
  • i want to knw..as they say they merge da with a part of b.... 27 Jul '13.
  • after merger, d basic pay wl double....bt DA wl cm low....... 22 Jul '13.
wovfactorAPS
DILEEP KUMAR @wovfactorAPS 594
i want to knw..as they say they merge da with a part of basic..lets say they merge 50% ..current is 84.xx % so new da is 34.xx% .will this be on the new basic?
somu1989
SOMENATH BHATTACHARYA @somu1989 309
after merger, d basic pay wl double....bt DA wl cm low....bt, all d allowances depends on basic pay....plus, dis tym, d HRA may increase, according to PSU norms....so, basic pay increase is d bst we should wnt..
SunnyCool125
SUNNY COOL @SunnyCool125 255
Posted 07 Jun '13
__*here is the good news will publish it at 8:00 pm*__ :grin: :grin: :grin: :grin: :grin: :grin:
here is the good news will publish it at 8:00 pm