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    Pay of a newly appointed AGM

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    Pay of a newly appointed AGM

    Post by Admin on Tue May 03, 2011 1:26 pm

    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.

      Current date/time is Thu Aug 17, 2017 4:43 pm