Salary Calculators For India

Salary Calculators For India

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CALCULATION OF NEW SALARY AS PER 14 AUGUST REPORT (as posted in comment)

so many employees want to know the formula for calculating new pay.
The exact amount of gross pay on 1st october 2008 will follow:—
A=basic on 1-1-2006.
B=1.86*A adding 86% DA in A. NOW B wiil be the pay in the appropriate band.
C=B + G where G is the GRADE pay against pay-band of your POST.
D=1.03*C after 3% increment,basic on 1-7-2006
E=D*1.0p if p% DA is added
F=E*1.0p again p% DA released on 1-1-2007
H=F*1.03 increment on 1-7-2007 inflation neutralised!!
J=H*1.0p DA on 1-7-2007
K=J*1.0p DA on 1-1-2008
L=1.03*K increment added on 1-7-2008
M=L*1.0p latest DA on 1-7-2008
Now add HRA, EDu etc allowances applicable to you in M ===that will give your GROSS PAY

Written by Fun Online on August 23rd, 2008 with no comments.
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