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    Pay of a newly apppointed Manager

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    Admin
    Admin

    Posts : 179

    Pay of a newly apppointed Manager

    Post by Admin on Tue Nov 23, 2010 2:16 am

    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.


    Last edited by Admin on Tue Jan 17, 2012 11:17 pm; edited 5 times in total

    ramkumar

    Posts : 7

    Re: Pay of a newly apppointed Manager

    Post by ramkumar on Wed Nov 24, 2010 1:42 pm

    Thanks for the Above Calculations...

    ramkumar

    Posts : 7

    Re: Pay of a newly apppointed Manager

    Post by ramkumar on Wed Jan 05, 2011 3:09 pm

    Dear Sir,
    Please guide us how we can avail the lease accomodation facility...

    avinashdubey

    Posts : 2

    Re: Pay of a newly apppointed Manager

    Post by avinashdubey on Tue Jan 18, 2011 6:44 pm

    it is not clear till today how a officer can avail the lease accomodattion facility. what dicumets are needed and how FCI lease accomodation facility is diffrent from other oragnisation.
    If a person want to use this facility that what actualy he should do?

    Admin
    Admin

    Posts : 179

    Re: Pay of a newly apppointed Manager

    Post by Admin on Thu Jan 20, 2011 2:16 pm

    The facility of lease accommodation has been in place for more than 10 years now. All relevant instructions are also available for similar length of time.
    The only recent change, as part of the pay revision process, is restricted to upward revision of entitlement from the levels that were last set in 1999.

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