Meaning of pay scale : rs. 24900-50500/-

Hi,

Initial pay starts at 24900 and with increments every year u will get a maximum of 50500 for that designatin over a period.

Its a scale where u wud be put anywhere in between. Like u can start by getting a basic pay of Rs 29500 pm. the scale decides your grade pay,transport allowance and other amenities. one of my friends in this pay grade gets a basic of around 29000,and his overall income comes out to Rs 52000 pm..

Originally posted by : anil.............
	Hi boss,ur question was not so clear bt if u feel ur query was correct, wat d answer replied by ajay is correct.....nd if ur query was like dis, i mean 20000/- -1000/- -50000 den dis wil be indicates intial payment is 20000 nd incriment per yr is 1000 until its reached to 50000.....

AGREED           

I have a doubt whether that increment happens on per month basis or per year basis because the salaries of Rs. 24900-50500 are for per month thats why .                                                                                                                                                                                                                                                 

Hi abhishek,

Salary is  be for p.m. but increment will happen on an yearly basis only. 

HI ram krishana,

Pay scale of 24900-50500 means that your would be getting Basic Pay of 24900 + Dearness Allowance as a % of Basic + HRA as a % of Basic + Other Allownances and Perqus as a % of Basic + Other reimbursements (if any as per company policy) = in Hand before tax and PF , and CTC would be equal to the above total + PF @ 12% of Baisc nd DA,

if grade pay was there, you will get that also.

hi have a query......if i got opportunity as a trainee software engineer with a pay scale of 9300-34900

does it means i can get a max of 34900 on this post or in case my position changes does this same pay scale applies o what.....

I think Basic can go upto 50500 in the payscale of 24900-50500

a person can initially ask for that?

U can get a maximum basic of 34900

even on initial joining 

The initial fitment will be Band Pay of Rs. 24900 + Grade Pay. Together, we call it Basic Pay.

Allowances like DA & HRA will be a % upon the summation of above.

You will get yearly increments on a % basis, say 3% p.a

So upon completion of 1 year of service subject to confirmation, your Basic pay will be 1.03 ( 24900+ GP) and the band pay will be 1.03 ( 24900+ GP) - GP

DA & HRA will increase as a cascading effect.

The Band pay will increase as above and will increase by the increment % till :

a) You get promoted to the next pay band

b) You reach 50,500 (Unlikely) ; as you will definitely get promoted to next pay band before you reach that stage of band pay.

Originally posted by : gopal
	why are you so much confused about pay scales. it solely depends on your performance. I know the person who was offered 23000-68000 pay scale and now he is GM of the company and earning 98000 pm

Actually, in PSUs, promotions are not as fast as in the pvt sector.

A lot of factors are considered in PSUs including the rapport with seniors in case of merit based promotions.

However, in any given PSU, a GM earns much more than 98k per month. It would be around 1.5 Lac p.m