How to calculate the grade salary?
If grade salary was 5000-100-8000-200-15000, since 1st march 2004.
Akansha Verma (Student) (36 Points)
29 August 2016How to calculate the grade salary?
If grade salary was 5000-100-8000-200-15000, since 1st march 2004.
Deepak Gupta
(CA Student)
(15922 Points)
Replied 30 August 2016
Assessee will get a basic salary of Rs. 5,000 w.e.f. 01.03.2004.
w.e.f. 01.03.2005 and onwards, he will get an annual increment of Rs. 100 till his salary reaches Rs. 8,000. After that he will get an annual increment of Rs. 200 till his salary reaches Rs. 15,000. No further increment will be given, till he is placed in the higher/revised grade.
So, for AY 2016-17, his basic salary will be as follows:
April 2015 to Feb 2016 = 6,100 x 11 = Rs. 67,100.00
For March 2016 = Rs. 6,200.00
Total basic salary = Rs. 73,300.00
|
01-03-05 |
5,100.00 |
|
01-03-06 |
5,200.00 |
|
01-03-07 |
5,300.00 |
|
01-03-08 |
5,400.00 |
|
01-03-09 |
5,500.00 |
|
01-03-10 |
5,600.00 |
|
01-03-11 |
5,700.00 |
|
01-03-12 |
5,800.00 |
|
01-03-13 |
5,900.00 |
|
01-03-14 |
6,000.00 |
|
01-03-15 |
6,100.00 |
|
01-03-16 |
6,200.00 |
piyush naagar
(3 Points)
Replied 12 March 2019
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