I have received several mails and Orkut scraps from prospective Asst. General Managers regarding the pay package of new AGMs. The same is posted below for the benefit of all such persons.
Monthly pay package of a newly appointed Asst. General Manager in IDA scales of pay.
Basic Pay...........................................20600
Dearness Allowance (@56.7%).............11680 (Variable Quarterly – linked to Consumer Price Index)
Fringe Benefit (40%)............................8240
Newspaper Reimbursement.....................90
Productivity Linked Incentive..................525
Employer Contribution to CPF/EPS......3874
Employer Contribution to Gratuity.........1346
Encashable Leave...............................2690
All India Component...........................49045 Plus LTC as per GoI Rules and Full Medical Reimbursement
HRA in X-Class city...6180
HRA in Y-Class city...4120
HRA in Z-Class city...2060
Salary in X-Class city with HRA......55225 Plus LTC and Full Medical Reimbursement i.e. Annual Rs. 6.63 Lakh plus LTC & Medical
Salary in Y-Class city with HRA......53165 Plus LTC and Full Medical Reimbursement i.e. Annual Rs. 6.38 Lakh plus LTC & Medical
Salary in Z-Class city with HRA......51105 Plus LTC and Full Medical Reimbursement i.e. Annual Rs. 6.13 Lakh plus LTC & Medical
In case Lease Accommodation is availed in lieu of HRA
Lease Accommodation in X Class....18600
Lease Accommodation in Y/Z Class.13950
Salary in X-Class city with Lease.....67645 Plus LTC and Full Medical Reimbursement i.e. Annual Rs.8.12 Lakh plus LTC & Medical
Salary in Y/Z-Class city with Lease..62995 Plus LTC and Full Medical Reimbursement i.e. Annual Rs.7.56 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 Asst. General Manager in IDA scales of pay.
Basic Pay...........................................20600
Dearness Allowance (@56.7%).............11680 (Variable Quarterly – linked to Consumer Price Index)
Fringe Benefit (40%)............................8240
Newspaper Reimbursement.....................90
Productivity Linked Incentive..................525
Employer Contribution to CPF/EPS......3874
Employer Contribution to Gratuity.........1346
Encashable Leave...............................2690
All India Component...........................49045 Plus LTC as per GoI Rules and Full Medical Reimbursement
HRA in X-Class city...6180
HRA in Y-Class city...4120
HRA in Z-Class city...2060
Salary in X-Class city with HRA......55225 Plus LTC and Full Medical Reimbursement i.e. Annual Rs. 6.63 Lakh plus LTC & Medical
Salary in Y-Class city with HRA......53165 Plus LTC and Full Medical Reimbursement i.e. Annual Rs. 6.38 Lakh plus LTC & Medical
Salary in Z-Class city with HRA......51105 Plus LTC and Full Medical Reimbursement i.e. Annual Rs. 6.13 Lakh plus LTC & Medical
In case Lease Accommodation is availed in lieu of HRA
Lease Accommodation in X Class....18600
Lease Accommodation in Y/Z Class.13950
Salary in X-Class city with Lease.....67645 Plus LTC and Full Medical Reimbursement i.e. Annual Rs.8.12 Lakh plus LTC & Medical
Salary in Y/Z-Class city with Lease..62995 Plus LTC and Full Medical Reimbursement i.e. Annual Rs.7.56 Lakh plus LTC & Medical
Annual Increment in Basic Pay 3%.
DA, HRA and Fringe benefits linked to Basic Pay.