I have received several mails and Orkut scraps from prospective Managers regarding the pay package of new Managers. The same is posted below for the benefit of all such persons.
Monthly pay package of a newly appointed Manager in IDA scales of pay.
Basic Pay...........................................16400
Dearness Allowance (@56.7%)...............9299 (Variable Quarterly – linked to Consumer Price Index)
Fringe Benefit (40%)............................6560
Newspaper Reimbursement.....................90
Productivity Linked Incentive..................525
Employer Contribution to CPF/EPS......3084
Employer Contribution to Gratuity..........1071
Encashable Leave...............................2142
All India Component...........................39171 Plus LTC as per GoI Rules and Full Medical Reimbursement
HRA in X-Class city...4920
HRA in Y-Class city...3280
HRA in Z-Class city...1640
Salary in X-Class city with HRA......44091 Plus LTC and Full Medical Reimbursement i.e. Annual Rs. 5.29 Lakh plus LTC & Medical
Salary in Y-Class city with HRA......42451 Plus LTC and Full Medical Reimbursement i.e. Annual Rs. 5.09 Lakh plus LTC & Medical
Salary in Z-Class city with HRA......40811 Plus LTC and Full Medical Reimbursement i.e. Annual Rs. 4.90 Lakh plus LTC & Medical
In case Lease Accommodation is availed in lieu of HRA
Lease Accommodation in X Class....16200
Lease Accommodation in Y/Z Class.12150
Salary in X-Class city with Lease.....55371 Plus LTC and Full Medical Reimbursement i.e. Annual Rs. 6.64 Lakh plus LTC & Medical
Salary in Y/Z-Class city with Lease..51321 Plus LTC and Full Medical Reimbursement i.e. Annual Rs. 6.16 Lakh plus LTC & Medical
Annual Increment in Basic Pay 3%.
DA, HRA and Fringe benefits linked to Basic Pay.
Monthly pay package of a newly appointed Manager in IDA scales of pay.
Basic Pay...........................................16400
Dearness Allowance (@56.7%)...............9299 (Variable Quarterly – linked to Consumer Price Index)
Fringe Benefit (40%)............................6560
Newspaper Reimbursement.....................90
Productivity Linked Incentive..................525
Employer Contribution to CPF/EPS......3084
Employer Contribution to Gratuity..........1071
Encashable Leave...............................2142
All India Component...........................39171 Plus LTC as per GoI Rules and Full Medical Reimbursement
HRA in X-Class city...4920
HRA in Y-Class city...3280
HRA in Z-Class city...1640
Salary in X-Class city with HRA......44091 Plus LTC and Full Medical Reimbursement i.e. Annual Rs. 5.29 Lakh plus LTC & Medical
Salary in Y-Class city with HRA......42451 Plus LTC and Full Medical Reimbursement i.e. Annual Rs. 5.09 Lakh plus LTC & Medical
Salary in Z-Class city with HRA......40811 Plus LTC and Full Medical Reimbursement i.e. Annual Rs. 4.90 Lakh plus LTC & Medical
In case Lease Accommodation is availed in lieu of HRA
Lease Accommodation in X Class....16200
Lease Accommodation in Y/Z Class.12150
Salary in X-Class city with Lease.....55371 Plus LTC and Full Medical Reimbursement i.e. Annual Rs. 6.64 Lakh plus LTC & Medical
Salary in Y/Z-Class city with Lease..51321 Plus LTC and Full Medical Reimbursement i.e. Annual Rs. 6.16 Lakh plus LTC & Medical
Annual Increment in Basic Pay 3%.
DA, HRA and Fringe benefits linked to Basic Pay.
Last edited by Admin on Tue Jan 17, 2012 11:17 pm; edited 5 times in total