banner_ad

Payscale

This query is : Resolved 

01 February 2014 If X joins the employment on 1/1/2012 and his payscale is 20000-1000-30000. What does it exactly mean? Please help. Thanks in advance.

02 February 2014 The above pay scale indicates that a person joining the employment in above scale will be paid a monthly basic pay of Rs 20000.00 .After completion of each year of satisfactory service, the basic pay will be increased by Rs 1000. Ie : after one year of service,the monthly basic pay will be Rs 21000, after two years of satisfactory service the monthly basic pay will be Rs 22000.00 so on, till the basic pay reaches Rs 30000. If the employee remains in the same job without promotion ,after that ,his basic pay will not be increased beyond Rs 30000.Organisations normally pay in addition to above type of basic pay many other allowances such as Dearness Allowance,House Rent Allowances etc.These allowances are paid in most cases as a specified percentage of the basic pay.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro



Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news


Answer Query



Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details