Thursday, October 31, 2013

DETAILS OF I.R. : EXAMPLE AND EXLANATION : KNOW HOW THE SALARY WILL BE EFFECTED AFTER I.R


DETAILS OF I.R. :
EXAMPLE AND
EXLANATION : KNOW
HOW THE SALARY WILL
BE EFFECTED AFTER I.R.

IR (below 35%) anouncment may be
on 2nd Nov by CM as DIWALI gift


29ani first leak chesaru ( its government decision)  . but ninna unions leaders nundi messages vachaayi 35% below ani. may be union leaders are confident about that and of the opinion the IR may not be less than 30%.

IR means INTERM RELIEF which is to be given to government employees before giving FITMENT BENIFITS if the old PRC already expires and  new PRC has to be implemented.

Now 9th PRC expired on 1-7-2013 and new PRC has to be implement immediately but not happened due to political turmoil in our state( in nevertheless cases it would be implemented immediately , so,  its a common thing the government drags it for some months)

As the fixation of pay ( 10th orc) didn't happen on 1-7-2013 , government has to announce INTERM RELIEF and if PERCENTAGE OF FITMENT is more than the PERCENTAGE OF INTERM RELIEF then the areas will be given to the employees. 


I would like to explain you all with an example:

Consider an employee of basic pay 11860 .
DA was 54.784% on 1-7-2013.

if the IR is 30% then he will be paid

(BasicPay11860)+(DA54.784%+IR30%+HRA12%)= 23338.5824 rupees.

It is GROSS SALARY. Net salary would be of some amount less after deductions.

HRA slabs may vary : at present they are 12,14.5,20%.

Government has to implement 63.344% DA

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