Friday, June 28, 2013

Increment Day for Central Government Employees July 2013

Increment Day for Central Government Employees July 2013

        Central Government Employees eagerly awaits the commencement of the month of July every year. On the first of this month, they are entitled for annual increment of 3% of their respective basic pay. The 6th CPC had given more financial benefit than the 5thCPC by introducing a new method for calculating the increment. In the 5th CPC, the annual increment was a fixed amount and was given on the appointment of each individual in their respective departments. But in 4th CPC, the annual increment is 3% of the basic pay and that to be fixed on a common date for all the employees irrespective of their appointment date. It also explains the calculations for the increment as, any amount which falls between 1 and 10 rupees, the amount is to be rounded off to the next 10 rupees.     
          
   For example: if an employee’s increment is Rs.401.00, the fixation must be Rs.410.00, while for an employee who gets Rs.400.90; the increment is to be fixed at Rs. 400.00 only. This increment is automatically added to their basic pay every year.

No comments:

Post a Comment

7th pay commission calculator

7th pay commission calculator
7th pay commission calculator