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Bonus calculation formula of central govt employees

bonus calculation formula of central govt employees

7 days instead of 15 days in case of employees of a seasonal establishment.
It is lower of the following amount: Last 10 months average Salary BasicDA fixed of commission on sale).50.7th CPC Pay Calculator Fixation Formula Project If you look at the timetable above, a fact becomes clear.Rs 70-1-80-EB-1-85, rs EB -3-110, rs, rs EB-20-575.Once an establishment is covered, this act will apply even if the number of employees falls below.DA, calculation, sheet 7th Pay Commission, month, all India Index of Increase.DA Order, dR casino slots tips empire Order, jan-16 269.48, feb-16 267.93, mar-16 268.38.The revised rates of Military Service Pay, Non Practicing Allowance, where applicable, and X Group pay Classification Allowance for JCO/ORs, if applicable, notified in terms of 7th CPC orders, shall also be added to the amount of pay notionally arrived at under the 7th CPC.PAY matrix table 10 TO 12 7th Pay Matrix Table (level 13 to 14).Rs.20 lakh is exempted in the hands of private and public sector employees.The exemption, in this case, will be lower of the following amounts: Last drawn Monthly Salary (BasicDA).Solution: Calculation of exempted and taxable Gratuity amount Particulars Amount Least of the following will be exempted: Monthly salary* x 18 (employment years) x 15/26 31154 Prescribed limit 2000000 Gratuity Actually received 80000 Exempted Gratuity value (lower of above 3 value) 31154 Taxable Gratuity value.It has a horizontal range in which each level corresponds to a functional role in the hierarchy and has been assigned the numbers 1, 2, and 3 and so on till.Ques 4: I retired from a Public sector Undertaking and received gratuity on 1st December 2017.In this case, gratuity will be partially exempted and the remaining amount will be taxed as Salary Income.Fitment Table and the Pay Fixation Order attached.Answer: Yes, gratuity received by an employee is taxable as salary income.For some scales it is more and so favourable.Examples for JCO / ORs and Commissioned Officers 7th CPC Defence Pension, calculation for Brigadier as per desw.5.9.2017 7th CPC Defence Pension, calculation for.100 percent da,19,10th Bipartite Settlement,54,6 CPC Order,11,7th CPC Bunching of Stages,15,7th CPC Charter of Demands,99,7th cpc interim report,12,7th CPC Meeting,149,7th CPC Notification,202,7th CPC Projected Pay,200,7th CPC Questionnaire,16,7th CPC Recommendation,610,7th CPC Report,132,7th CPC Terms of Reference,41,8th Pay Bonus,31,Additional Allowance,4,Additional Pension,7,Additional Post Allowance,2,Administrative Reforms,17,Advance Increment,5,Adventure Sports,9,Age Travel,71,airf.