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Tag: 7th Pay Commission

  • seventh pay fee newest information: DA arrears fee talks get delayed

    seventh pay fee newest information: The central authorities staff eagerly ready for the Dearness Allowance (DA) arrears fee talks between the National Council of JCM — a central authorities servants’ (CGS’) consultant physique — and central authorities officers from the Ministry of Finance and Department of Personnel and Training (DoPT), must look forward to little extra. The seventh pay fee DA installment talks that received rescheduled for the final week of May 2021, has nonetheless not occurred. According to the National Council of JCM, the assembly will now happen in June because the talks over fee of three installments of DA could not occur because of the Covid-19 restrictions imposed in New Delhi. Central authorities staff will get a lift of their seventh pay fee pay matrix because the three installments of DA due from 1st January 2020 has been freezed by the central authorities until thirtieth June 2021.

    seventh pay fee DA arrears in limbo

    Speaking on the proposed assembly on DA arrears fee for the central authorities staff Shiva Gopal Mishra, Secretary — Staff Side on the National council of JCM mentioned, “The scheduled meeting between the Ministry of Finance, DoPT officials and the representatives of the National Council of JCM to discuss the DA arrears payment couldn’t take place in May 2021 due to the Covid-19 lockdown in Delhi. Now, the meeting is expected to take place by second to third week of June 2021 (as per the informal discussion between the officials of Ministry of Finance, DoPT and JCM office bearers).”

    Shiva Gopal Mishra of the National Council of JCM went on so as to add that delay in assembly for DA installment fee shouldn’t be taken as adverse growth because the central authorities officers are fairly co-operative over the DA arrears fee of the CGS. In truth, the National Council of the JCM can also be able to fish out some center path for DA arrears fee and the JCM has given its suggestion to the central authorities representatives to pay three installments in elements whether it is troublesome for the middle to pay three DA installments in onetime fee.”

    The proposed assembly between the central authorities our bodies and the National Council of JCM was initially scheduled on eighth May 2021 however because of the unfold of second wave of Covid-19 within the nationwide capital, the assembly received cancelled and it was determined that it is going to be rescheduled within the final week of May 2021. But, because of the extended Covid-19 restrictions, the following date for assembly could not get finalised. Since, Covid restrictions within the nationwide capital is getting eased with unlock actions, the National Council of JCM is assured that the assembly will happen by second to 3rd week of June 2021.

    seventh CPC pay matrix: DA restoration

    The central authorities has introduced to revive DA from 1st July 2021 however there isn’t any any official announcement over the fee of three installments of DA. Central authorities staff have been anticipating that DA restoration will herald DA arrears too and therefore they’re upset and the CGS our bodies are busy discovering out the therapeutic contact for the CGS over DA arrears fee.

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  • seventh pay fee pay matrix: DA restoration to spice up PF, gratuity of CGS

    seventh pay fee pay matrix: The Dearness Allowance (DA) restoration of the central authorities staff goes to happen from 1st July. The heart has already made an announcement on this regard because the Minister of State (MoS) on the Ministry of Finance has already made an announcement on this regard within the Rajya Sabha in March 2021. However, for additional info to the central authorities staff, DA restoration won’t simply result in rise of their month-to-month seventh CPC wage however it will result in increase for his or her Provident Fund (PF) and gratuity as properly. According to tax and funding consultants and central authorities staff consultant, DA restoration will certainly push Central Government Servants’ (CGS’) month-to-month wage as their DA will leap from present 17 per cent to no less than 28 per cent, however within the long-term, it’ll have constructive affect on central authorities staff’ retirement corpus like PF and gratuity as properly.

    seventh CPC DA hike to push PF stability

    Speaking on the advantages of DA restoration from 1st July 2021 Kartik Jhaveri, Director — Wealth Management at Transcend consultants stated, “A central government servant’s PF contribution is calculated on the basis of one’s basic salary plus DA. As the DA will go up from existing 17 per cent to around 28 per cent, there will be rise in employee and employers contribution in monthly PF contribution. This will lead to rise in PF balance in the long-term.”

    Standing in sync with Kartik Jhaveri’s views, SEBI registered tax and funding knowledgeable Jitendra Solanki stated {that a} central authorities worker’s gratuity contribution is calculated on the idea of fundamental wage plus DA. As DA goes to rise from 1st July 2021, a central authorities worker’s gratuity contribution will certainly go up resulting in larger retirement corpus within the long-term time horizon.

    Calculation for DA hike

    On how DA will rise from present 17 per cent to twenty-eight per cent Shiva Gopal Mishra, Secretary — Staff Side at National Council of JCM stated, “DA for central government employees have been freezed from 1st January 2020 to 30th June 2021. That means, 3 per cent DA hike announced for 1st January 2020 to 30 June 2020, 4 per cent DA hike announced for 1st July 2020 to 31st December 2020 will get added in the existing DA of 17 per cent. Now, DA hike for 1st January 2021 to 30th June 2021 is also awaited. As per the 7th Pay Commission DA hike rules, average inflation for July to December 2020 period is around 3.5 per cent that means the minimum DA hike that the center would announce will be 4 per cent (nearest higher round figure of the average inflation).” So, the web rise in DA anticipated from 1st July 2021 is no less than 11 per cent (3 + 4 + 4). Mishra of JCM additionally stated that this rise in DA from 1st July 2021 will result in rise in central authorities staff’ PF and gratuity stability in long-term perspective.

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  • seventh pay fee pay matrix: Center could announce DA hike for CGS in June

    seventh pay fee pay matrix: The announcement for Dearness Allowance (DA) hike due since 1st January 2021 could get additional delayed. As per the National Council of JCM — Staff Side, middle could announce DA hike for central authorities servants (CGS) subsequent month i.e. in June 2021. However, the JCM workplace bearer reiterated that the DA hike could be to the tune of a minimum of 4 per cent of the essential wage of a central authorities worker.

    Speaking on the rationale for delay in DA hike announcement, which is due since 1st January 2021 Shiva Gopal Mishra, Secretary — Staff Side on the National Council of JCM mentioned, “We are in constant touch with the Department of Expenditure officials at the Ministry of Finance and the Department of Personnel & Training (DoPT) officials. They are of the opinion that whole plan of the center has got disturbed after the second wave of Covid-19 in India and hence everything has been shifted by near one month. So, the DA hike announcement which was expected by April end or by May first fortnight may now get shifted to June.”

    seventh pay fee newest information: DA restoration

    However, Shiva Gopal Mishra mentioned that it will not have a lot impression on the central authorities staff seventh CPC pay matrix as the middle has already freezed DA and DR advantage of central authorities servants and pensioners until June 2021. In March 2021, Minister of State (MoS) on the Ministry of Finance introduced within the Upper House of the parliament that DA and DR profit shall be restored from 1st July 2021. So, even when the DA hike due since 1st January 2021 is introduced at this time, it will likely be restored from 1st July solely.

    seventh CPC pay matrix: DA hike calculation

    On how a lot DA hike may be anticipated Shiva Gopal Mishra of the National Council of JCM mentioned, “As per the DA hike calculation, average inflation for July to December 2020 comes around 3.5 per cent that means the minimum DA hike that a central government will get is 4 per cent of their basic salary.”

    On three installments of the DA Shiva Gopal Mishra mentioned that the JCM and different involved central authorities officers are in fixed contact and they’re quickly going to sit down collectively and focus on concerning the cost of three DA installments. Most constructive issues concerning the DA installments is that the middle will not be averse to paying the DA installments, mentioned Mishra including, “We have recommended center to pay DA installments of the central government employee in parts if they are unable to pay the three installments of DA to around 52 lakh employees in one go.”

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  • seventh pay fee: Govt. extends deadline for LTC particular money bundle

    seventh pay matrix: Providing aid to the central authorities workers, the central authorities has prolonged the deadline for full and last settlement of payments regarding LTC particular money bundle scheme. Now, the central authorities workers will have the ability to submit their payments by thirty first of May 2021. The Department of Expenditure, Ministry of Finance already issued Office Memorandum on this regard.

    While saying the LTC aid to the central authorities servants the Ministry of Finance Office Memorandum stated, “Queries have been received by this department to extend the date of submission of bills/claims and settlement beyond 30th April 2021. Keeping in view of the situation existing due to Covid-19 pandemic, it has been decided that submission of bills claims may be entertained and settled by Ministries/Departments not later than 31st May 2021.”

    However, the division of expenditure’s OM in regard to extension of the LTC particular money bundle scheme made it clear that cost for the purchases ought to have been made not later than the due date i.e. thirty first March 2021. Earlier, the deadline for LTC particular money bundle scheme was thirty first March 2021 which was later prolonged to thirtieth April 2021 which now has been prolonged to thirty first May 2021.

    For data to the readers, heart had introduced LTC particular money bundle scheme which is often known as LTC Voucher Scheme in 2020 maintaining Covid-19 in India resulting in nationwide lockdown. As it was tough for the central authorities workers to journey and avail LTC profit, the middle allowed CGS to obtain money through money voucher scheme during which a central authorities servant needed to submit payments/claims to their involved division and get money in return.

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  • seventh Pay Commission Matrix: Centre, worker union in talks over DA instalments

    seventh Pay Commission Pay Matrix: The middle has introduced in March 2021 that Dearness Allowance (DA) and Dearness Relief (DR) advantage of the central authorities staff and pensioners will likely be from 1st July 2021. However, it did not say something in regard to the three instalments of DA pending from 1.1.2020, 1.7.2020 and 1.1.2021. It has turn into one of many main considerations for the central authorities servants (CGS). After DA restoration, central authorities staff’ seventh pay fee wage is anticipated to witness massive soar because of the rise in DA from present 17 per cent to round 28 per cent. However, no resolution on three DA instalments will result in hit of their 7thn CPC (Central Pay fee) arrears due from 1st January 2020, 1st July 2020 and 1st January 2021.

    To remedy this seventh CPC matrix matter, National Council of JCM and the officers at Department of Personnel & Training (DoPT) and Ministry of Finance (Department of Expenditure) are in common contact. They had been supposed maintain an official assembly on eighth May 2021 however the assembly obtained cancelled because of the Covid-19 disaster. Now the assembly will likely be held within the final week of May 2021.

    Speaking on the anticipated assembly between the National Council of JCM, DoPT and Ministry of Finance officers Shiva Gopal Mishra, Secretary — Staff Side at National council of JCM stated, “The National Council of JCM, DoPT and Ministry of Finance officials are in regular touch to resolve the matter of three instalments of DA payable to the central government employees. In fact, the central government officials are quite co-operative in regard to the DA instalment payment. A joint meeting of the DoPT, Ministry of Finance and JCM was scheduled on 8th May 2021 but due to the Covid-19 crisis, the meeting has been extended to the last week of May 2021.”

    On what could be the agenda of this assembly Mishra stated, “Payment of three instalments of DA would be one of the major agendas of this meeting. The JCM has informed the concerned officials that if it is difficult for the center to pay three instalments of DA in one time, they can pay the central government employees’ arrears through partial payments as well.”

    Payment of DA instalments would have direct affect on round 52 lakh central authorities staff. In truth, it can have an oblique affect on round 60 lakh pensioners as properly as a result of their DR profit is instantly linked with the DA of working staff.

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  • seventh Pay Commission: Centre points clarification on pay fixation for workers

    seventh Pay Commission: While the central authorities workers are busy calculating their wage hike post-Dearness Allowance (DA) restoration from 1st July 2021, the middle has given one other piece of excellent information for the Central Government Servants (CGS). The central authorities has prolonged the pay fixation deadline inside the three months from fifteenth April 2021. However, the middle issued this clarification after receiving collection of requests from varied central authorities workers’ organizations.

    The choice to permit extension for pay fixation could have direct affect on the central authorities workers’ seventh pay fee pay matrix. Pay fixation train will allow central authorities servants to decide on both of the date of promotion or date of increment to repair their pay that helps extra to their seventh CPC pay matrix.

    The Department of Expenditure at Ministry of Finance issued an Office Memorandum on this regard and stated, “A lot of references have been obtained on this division in search of condonation of delay and permitting one other alternative to train/re-exercise the choice of pay fixation as allowed underneath OM dated 28.11.2019 as the workers have confronted time constraint, and so on. in exercising their possibility of pay fixation thereunder.” The OM went on so as to add that the problem has been examined and the stated OM approves for permitting one other alternative to the central authorities workers to train/re-exercise their possibility for pay fixation inside the three months of the date of problem of the OM. The Om was issued on fifteenth April 2021.

    Hailing the middle’s choice in regard to the central authorities workers pay fixation and date of wage increment Shiva Gopal Mishra, Secretary — workers aspect at nationwide Council of JCM stated, “It’s transfer by the middle as it is going to give central authorities servants to decide on whether or not they need their pay mounted on the premise of the date of promotion or on the premise of the date of increment.”

    Mishra stated that central authorities workers have possibility to decide on both date of increment or date of promotion, whichever is of their favour to decide on and get their pay mounted.

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  • seventh CPC: Center extends ‘Special Allowance’ to officers posted on this area

    seventh Pay Commission newest information: In a bid to supply financial reduction to the All India Service (AIS) officers posted within the Union Territory of Ladakh, middle has determined to increase provision concerning further financial incentives known as (Special Allowances for officers belonging to North East cadres of AIS) to the AIS officers working in UT of Ladakh. After this transfer by middle, AIS officers posted within the UT of Ladakh will get an addition Special Allowance and Special Duty Allowance payable at 20 per cent and 10 per cent of their fundamental wage respectively. So, the seventh CPC pay matrix of the AIS officers posted in UT of Ladkah goes to alter after this central authorities’s declaration. The Department of Personnel & Training (DoPT) has already issued Office Memorandum (OM) on this regard.

    The DoPT Office Memorandum reads, “It has now been decided to extend ipso facto provisions contained in the above mentioned OM dated 10th February 2009 to the All India Service Officers working in UT of Ladakh, subject to the ceiling mentioned in the letter dated 25th July 2017 and instructions issued in this regard from time to time.”

    The DoPT letter dated tenth February 2009, middle had granted further financial incentive to officers belonging to North-East Cadres of the All India Services. The allowance given to the AIS officers posted in North-East was known as ‘Special Allowance’ payable at 25 per cent of their fundamental pay along with different allowances like Dearness Allowance (DA), Travel Allowance (TA), House Rent Allowance (HRA), and many others.

    However, this Special Allowance payable to the AIS Officers posted in North-East area at 25 per cent of their fundamental wage was revised in July 2017. As per the DoPT OM dated twenty fifth July 2017, Special Allowance payable at 25 per cent of the fundamental was revised to Special Allowance and Special Duty Allowance payable at 20 per cent and 10 per cent of the fundamental wage of the AIS officers posted in North-East.

    After the extension of this Special Allowance to the AIS officers posted within the UT of Ladakh, they may also get Special Allowance and Special Duty Allowance payable at 20 per cent and 10 per cent of their fundamental wage.

    This Special Allowance is appropriate as per the suggestions of the seventh CPC pay matrix as talked about within the DoPT OM dated twenty fifth July 2017.

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  • seventh Pay Commission: How DA restoration will change seventh CPC pay matrix of CGS

    seventh Pay Commission wage calculator: After the announcement of Dearness Allowance (DA) restoration for round 52 lakh central authorities workers, central authorities servants (CGS) are busy calculating the way it will change their seventh pay fee matrix. The purpose for CGS’ seventh CPC wage calculation is as a result of modifications happening of their seventh CPC pay matrix. As per the Narendra Modi Government’s announcement, heart goes to revive DA good thing about central authorities workers from 1st July 2021. The Ministry of Finance (MoS) Anurag Thakur made an announcement final month on this regard within the Rajya Sabha in a written reply to a query.

    DA hike impression on seventh Pay Commission Matrix

    As the middle has declared to subsume all three pending DA installments from 1st July 2021, a central authorities worker’s DA is anticipated to leap from present 17 per cent to twenty-eight per cent. This contains 3 per cent DA hike efficient from 1st January 2020, 4 per cent DA hike efficient from 1st July 2020 and anticipated 4 per cent DA hike due from 1st January 2021.

    seventh Pay Commission fitment issue

    As per the Seventh Pay Commission guidelines, a central authorities worker’s wage is split in three elements — fundamental wage, allowances and deductibles. Net CTC is a central authorities worker is summation of fundamental wage multiplied by the seventh CPC fitment issue plus all allowances. However, internet wage is distinction of Net CTC and deductibles like PF contribution, Gratuity, and many others.

    Since, seventh pay fee fitment issue is 2.57. A central authorities worker’s CTC aside from allowance is a a number of of fundamental wage with 2.57. Suppose, a central authorities workers fundamental month-to-month wage is ₹20,000. In that case, that central authorities worker’s month-to-month CTC aside from allowance shall be ₹51,400 ( ₹20,000 x 2.57).

    Now comes different a part of CTC means allowance. This allowance contains Dearness Allowance (DA), Travel Allowance (TA), House Rent Allowance (TA), medical reimbursement, and many others. Since, DA could rise from 17 per cent to twenty-eight per cent from 1st July 2021, a central authorities shall be eligible for 28 per cent DA, which is calculated on the premise of 1’s fundamental wage. Similarly, one’s Travel Allowance (TA) will rise in sync with the DA. so, one’s TA will even rise. So, after the rise in DA, a central authorities worker’s allowance can also be going to extend. So, this anticipated rise in DA of a central authorities worker goes to end in massive leap in a single’s month-to-month wage. aside from that, three installments of DA arrears are additionally going to do icing on the cake for CGS.

    The doable DA hike will impression a central authorities worker’s month-to-month PF, Gratuity contribution too as a result of CGS’ PF and gratuity contribution is calculated on the premise of fundamental wage plus DA. As DA goes to rise from 1st July 2021, an worker’s month-to-month Pf and gratuity contribution will even go northward. meaning extra money accumulation within the retirement-oriented funds like PF and Gratuity.

    So, DA restoration goes to vary seventh CPC pay matrix of a central authorities worker and the change is optimistic for them.

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  • seventh Pay Commission Matrix: What heart says on pending installments of DA

    seventh Pay Commission Matrix: Around 52 lakh central authorities workers had a bit of excellent information final month when the Narendra Modi Government made it clear that central authorities servants (CGS) will probably be quickly given full Dearness Allowance (DA) profit. The Minister of State (MoS) for Finance Anurag Thakur made the announcement on this regard in a written reply within the Rajya Sabha. The MoS Finance stated that central authorities workers will probably be given full DA profit from 1st July 2021.

    In his written reply within the Upper House of parliament, Anurag Thakur stated that three pending DA installments of the Central Government Servants will probably be ‘subsumed’ and the revised DA charges will develop into efficient from 1st July 2021. Center has freezed DA good thing about the central authorities workers until June 2021 and the announcement made by Anurag Thakus has come as an enormous reduction to round 52 lakh central authorities workers.

    “As and when the decision to release the future installments of Dearness Allowance due from 01.07.2021 is taken, the rates of DA as effective from 01.01.2020, 01.07.2020 and 01.01. 2021 will be restored prospectively and will be subsumed in the cumulative revised rates effective from 01.07.2021,” MoS Finance Anurag Thakur informed within the Upper House.

    seventh Pay Commission wage calculator

    As introduced by Anurag Thakur, from 1st July 2021, the efficient DA for the central authorities workers could bounce from current 17 per cent to twenty-eight per cent. This 11 per cent rise within the DA consists of 3 per cent DA hike introduced for January to June 2020, 4 per cent DA hike introduced for July to December 202 and anticipated 4 per cent DA hike due from January to June 2021 interval. So, the DA hike from 17 per cent to twenty-eight per cent will result in big rise in a single’s seventh CPC wage.

    Benefit for pensioners

    Once the DA will get restored, it would deliver cheer on the faces of round 60 lakh retired central authorities pensioners too. While asserting to freeze DA, heart had freezed DR (Dearness Relief) profit to pensioners too. So, as soon as the DA will get restored, DR profit for pensioners will even get restored and therefore retried central authorities workers’ pension can be anticipated to leapfrog from 1st July 2021.

    The three installments of DA and DR profit meant for central authorities workers and pensioners due from 1.1.2020, 1.7.2020 and 1.1.2021 was frozen in view of the Coronavirus pandemic. With this transfer heart had introduced to avoid wasting ₹37,430.08 crore, which it introduced to make use of for coping with the COVID-19 pandemic.

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  • seventh Pay Commission: How seventh CPC fitment issue finalises CGS’ wage

    seventh Pay Commission: After the implementation of seventh CPC (Central Pay Commission), fitment issue was one of the talked about matter among the many central authorities staff. Reason for a lot thrust on Seventh Pay Commission fitment issue was its position in ultimate calculation of a central authorities servants (CGS) wage. According to the Seventh Pay Commission suggestions, a central authorities worker’s wage apart from allowance is determined by one’s fundamental wage and fitment issue.

    seventh CPC Salary: Fitment issue

    According to seventh CPC suggestions, the fitment issue is 2.57. While deciding a central authorities worker’s wage apart from allowances like Dearness Allowance (DA), Travel Allowance (TA), House Rent Allowance (HRA), and many others., one’s foundation wage is multiplied with the seventh CPC fitment issue, which is 2.57. For instance, if a central authorities worker’s fundamental wage is ₹18,000; then its wage apart from allowance will probably be ₹46,260 ( ₹18,000 X 2.57).

    Seventh Pay Commission: DA hike calculation

    Once, a central authorities worker’s month-to-month wage apart from allowance is finalised. Then there are numerous allowances like DA, TA, HRA, medical re-imbursement, and many others. A central authorities worker’s DA is hedge towards inflation. It is introduced twice in a 12 months for January to June and from July to December interval. While saying DA, middle makes averaging of inflation rise throughout the first six month of the 12 months after which subsequent six month of the 12 months. On the premise of that, they announce the closest spherical determine as DA hike, which is larger than the typical inflation. Currently, common inflation is round 3.5 per cent (as per the AICPI) for July to December 2020 interval. That’s why hypothesis is rife that DA hike due for January to June 2021 could be not less than 4 per cent.

    Once DA hike is introduced, a central authorities worker’s TA goes as much as the tune of DA hike mechanically. So, DA hike is linked to TA additionally. Similarly, HRA and medical reimbursement is calculated and as soon as all heads beneath the allowance is calculated, a central authorities worker’s month-to-month CTC is determined.

    PF, Gratuity deduction

    After all allowance and wage different allowance is finalised. Then comes the deductible portion like month-to-month Provident Fund (PF), Gratuity contribution, and many others. Since PF and gratuity contribution is linked to fundamental wage and DA. One’s PF and gratuity contribution is determined utilizing this system. After all deductibles are finalised, then the web month-to-month wage is determined by deducting the PF, Gratuity and different month-to-month contributions from one’s internet CTC. After this deduction, a central authorities worker’s month-to-month take dwelling wage is determined.

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