Saturday, July 25, 2015

Retirement age 33 years of service (Just Rumor) for 7th pay commission

If you are worried that there will be new provision in 7th pay commission recommendation to reduce the retirement age of 33 year of service or 60 year of age which ever comes first, you need not to worry,  as there is not any official information came from Indian gov agency to confirming the same.

These are all rumors. It will not be easy to implement such drastic new rule for central Gov job in India. If such rule will become valid, lakhs of gov employees will get retired before they expected.

Many people join Indian gov job at the age of around 22 year, if the retirement age of 33 year of service will become reality then the retirement age of such gov employee will be 55 year of age.

Many gov employee are not earning well at the initial year of service from salary. Large percentage of entire service life earning from salary comes from last 4-5 year of service only. So reducing  retirement age of 33 year of service will have great impact on financial security of gov employee after retirement.

People can expect with high probability that there will not come such provision in 7th pay commission recommendation, but people should make their financial plan in such a way that if Gov will actuality implement this rule, they should be able to manage well financially and should be able to work on another field after retirement for more earning.

If the rule is implemented it will be great news for student who want to join Gov job, as there will be more vacancy. Young Gov employees will also get benefited as they will get fast promotion and more responsible job. Government will also get benefit from these provision if implemented as they will be able to save lot of money.

Saturday, July 18, 2015

7th Pay Commission for States including Delhi

Soon after implementation of 7th Pay Commission for Central Gov Employees, all States and union territories will soon apply new pay scale for the state gov employees which will be as equivalent to 7th Pay Commission for Central Gov Employee.

The timing of implementation of  new pay scale for States of India may very, some states will implement very soon but some other states which is having less fund available will implement the new pay scale with some delay. But it is sure that most of the states will implement the new pay scale within 1 and half year of implementation of 7th pay scale at center. i.e before June, 2017 (one and half year after January 2016). Employees of Delhi Government will get new pay scale fast.
Following stats and union territories are expected to follow 7th pay scale for their states gov employees.

Port Blair
Andhra Pradesh
Arunachal Pradesh
Assam
Bihar
Chandigarh
Chhattisgarh
Dadra and Nagar Haveli
Daman and Diu
National Capital Territory of Delhi
Goa
Gujarat
Haryana
Himachal Pradesh
Jammu and Kashmir
Jharkhand
Karnataka
Kerala
Lakshadweep
Madhya Pradesh
Maharashtra
Manipur
Meghalaya
Mizoram
Nagaland
Odisha
Puducherry
Punjab
Rajasthan
Sikkim
Tamil Nadu
Telangana
Tripura
Uttar Pradesh
Uttarakhand
West Bengal

Monday, March 2, 2015

7th pay commission implementation date 01.01.2016

It is expected that the date from which 7th Pay  commission commission will be Implemented is from 1st Jan 2016. The basis of the above date is that 6th pay commission pay scale got implemented from 1st Jan 2006.

It may be possible actual payment may take 1 to 2 year extra  or max 1st Jan 2018. You may get the arrears from 1st Jan 2016 for the 7th pay commission. The basis for above date is the actual notification of the 6th pay commission implementation came on year 2008.

So people who are planning the finance taking hike in salary in the account should only consider the increase in salary due to 7th pay commission will come in the year 2017 or 2018. 

Wednesday, October 1, 2014

7th pay commission Pay Calculator online

Do you want to know how much will be your salary after implementation of 7th Pay Commission recommendation ?

Here is the online free simple calculator, which will give you estimated new basic salary + new grade pay  of central government employee after implementation of 7th Pay Commission recommendation.

You just need to give the input as your current basic pay and grade pay. Suppose your this month's salary basic pay is Rs 23,000 and grade pay is Rs 6,600, just give the input in the field below and click on calculate button, you will get the projected basic plus grade pay after implementation.


Basic Pay: Grade pay:
Calculation:

Remember that the calculated result is only based on guess and based on previous recommendations. The actual value may differ, so please do not take the result as any confirmed value.

Wednesday, September 25, 2013

Finally 7th pay Commission Announced by Government

Here is the good news for all Gov. Employees. Prime minister of India  approved the constitution of the 7th Pay Commission. Now it is sure that all central government  employee will get hiked salary as per the recommendation from 7th pay Commission with effect from 1st Jan 2016 (01.01.2016). i.e now only for 27 month you will get salary as per 5th pay commission.

It is expected that more than 50 Lakh Central Gov employee and 30 lakh  pensioners  will get benefited from 7th pay commission.

Expected hike in salary will be around 50% of what you are getting now.

Name of Chairperson and committee member of 7th pay commission will soon be announced from Finance ministry.The committee will study the current pay structure and will evaluate how much salary should be increased for comfortable life of central Gov employee and will give the recommendation to Finance minister. Finace minister will impliment the recommendation with or without the modification.

It is expected that 7th pay commission will give its recommendation in 2 year. Gov. may take one more year to implement it. But it is for sure that salary hike will be effective from 1st Jan 2016.

Once the 7th pay commission will be implemented, all state Gov will soon upgrade the pay to state Gov employee as per 7th pay commission recommendation.

 

Saturday, May 11, 2013

Seventh Pay commission Pay Scale (expected)

Here is the expected pay scale of 7th Pay commission, it is based on previous recommendations of pay commission.

In Previous pay commission, each one recommend almost 3 times pay of previous pay commission.

So in next pay commission, you can expect 3 times of basic+grade pay as next basic pay+grade pay, and DA will be zero at time of implementation. Suppose your current basic pay is 19,000 Rs and grade pay is 5400 rs. So in seventh pay your basic pay +grade pay will be approx 73,200 Rs and DA will start from zero at the time of implementation of 7th pay commission.
Here is the expected pay scale for each pay band of sixth pay commission.

Seventh Pay Commission in JAN 2016

Government of India on 23th April, 2013 clearly said that, Indian Government will not form 7th Pay Commission till 01.01. 2016.

In the response of question about 7th pay commission,  Government said that it will constitute 7th pay commission only after 01.01.2016. The reason given was 6th pay commission was formed on 01.01.2006 and there should be a gap of minimum 10 year for next pay commission.

If after next general election in 2014, Gov changes, there may be possibility of early set up of 7th pay Commission.

Once seventh pay commission will get set up, it will take around two year to get final recommendation approved by Indian Government.