What is a grade pay in India?
Suppose an employee’s basic pay is between Rs. 15,600- Rs. 36,900 and grade pay is Rs. 5.400. This means that at any given time the basic pay will be fixed between this.
What is the in hand salary of level 1?
Also Check: Expected DA Calculator from July 2022
|7th Pay Matrix Table Level-1 with Monthly Salary Calculation|
|Salary Slab for Pay Level 1||Gross salary per month|
What is Pay Band 1s?
Pay band 1 – 2800 Grade pay salary: Gross Salary in pay band 1 of 5200-20200 GP 2800 will be approx. Rs. 41804-48860. Cash in Hand Salary of above Pay Band 1 GP 2800 = INR 38067-45123.
How many types of grade pay are there?
Pay scale for Army and Defence Personnel
|Rank||Pay scale||Grade pay|
|Major||Rs. 15,600 – Rs. 39,100||Rs. 6,100|
|Captain||Rs. 15,600 – Rs. 39,100||Rs. 6,600|
|LT Colonel||Rs. 37,400 – Rs. 67,000||Rs. 8,000|
|Colonel||Rs. 37,400 – Rs. 67,000||Rs. 8,700|
What is meant by Class 1 officer?
The Class-I classification is for gazetted officers while Class-II refers to mainly the non-gazetted officers, though there are some gazetted officers in this category too. Class-III comprises clerical staff and Class-IV includes peons and helps or multi-tasking staff in the government hierarchy.
What are pay levels?
Pay Level is fundamental unit in compensation structure of an organization, which is used to denote difference in compensation due to smallest possible change in job specification. Pay level generally rises along with the rise in hierarchy of an organization.
What is the salary of Level 2?
Pay Matrix Level 2 (19900): Hand Salary Calculation
|Basic Pay||Rs. 19,900|
|HRA (Class X 27%)||Rs. 5,400|
|Travelling Allowance||Rs. 1,350|
|DA on TA||Rs. 378|
|Gross Salary||Rs. 32,600|
How do I know my grade pay level?
Here is the pay matrix table for employees of the Central Government:
- Grade Pay 1800 to 2800 – Level 1 to Level 5. PB-1 (5200 to 20200) GP. 1800. 1900. 2000.
- Grade Pay 4200 to 5400 – Level 6 to Level 9. PB-2 (9300 to 34800) GP. 4200. 4600. 4800.
- Grade Pay 5400 to 7600 – Level 10 to Level 12. PB-3 (15600 to 39100) GP. 5400. 6600. 7600.
What is basic pay scale in India?
For instance, if an employee has a gross salary of Rs. 40,000 and a basic salary is Rs. 18,000, he or she will get Rs. 18,000 as fixed salary in addition to other allowances such as House rent allowance, conveyance, communication, dearness allowance, city allowance or any other special allowance.
What is a Class 1 category job?
CLASS I: This class of employees is among the highest rank of employees. They are gazetted officers of the Highest class. They are placed in level 10 and above in Civilian and Defence Pay matrices.
How can I become a Class 1 officer in India?
As of now, there’s no provision to become a class 1 officer right after passing class 12th. You need to be a graduate in order to apply for the exams through which class 1 officers are recruited.
What is grade pay in private company?
Grade pay is a method within a compensation structure that defines the specific income an employee will receive. It is a structured compensation that doesn’t invite salary negotiation and includes transparent requirements unlike, usual CTC structure.