7 CPC Latest Salary Calculation

Every Government Medical Officer of Rajasthan can calculate his/her salary !

Just enter your Basic @ 01 October 2017 and get new 7CPC Salary of 01 October 2017 🙂
(इसे अक्टूबर की बेसिक के हिसाब से एडजस्ट किया गया है)

[salary_lisst]

Get Old Basic according to Year of service joining ~

Joining Year – Basic @ 1 Oct 17
2011 – 24350
2012 – 23640
2013 – 22950
2014 – 22280
2015 – 21630
2016 – 21000

Extra Ordinary Leave EOL

Extra-Ordinary Leave (EOL)

  • Extraordinary Leave shall always be without leave salary and may be granted when no other kind of leave is admissible, or when other leave being admissible, the staff concerned has specifically applied in writing for the grant of EOL.
  • The period of EOL shall not count for increment except when such leave is granted due to sickness on medical certificate or for prosecuting higher studies, provided that in case of any doubt as to whether the EOL taken was for prosecuting higher studies or not, the decision of the Board shall be final.
  • Except in the case of permanent staff, the duration of EOL on any one occasion shall not exceed the following limits:
    . Three Months
    . Six months, where the staff has completed 3 years continuous service on the date of expiry of the leave admissible to him/her under the rules and his/her request for such leave is supported by Medial Certificate.

 

  1. c. Eighteen   months,   where   the  staff   is  suffering   from   TB, Leprosy, Cancer or Mental illness and undergoing treatment in a recognized clinic or under a sp

 

  1. EOL may also be granted  to regularized  periods  of absence  with out leave retrospectively.

 

  1. Depending upon the nature and purpose for which the period of leave is to be availed of, EOL without pay and allowances will be granted only after the completion of a qualifying minimum service of 5 years at this Institute. It may be availed of  for any one of the following purposes:

 

  1.  EOL for regular appointment.

 

  1. EOL along with or without leave at credit for carrying out research at higher levels in R & D organizations, universities, etc.
  1. EOL with or without leave at credit for the purpose of availing of research fellowships and other similar activities.

 

  1. EOL along with or without leave at credit for pursuing higher studies leading to the award of a degree.

 

  1. At any  given  time  EOL  (including  leave  at  credit) availed of will be for a minimum period of six mo However,   for  availing   of  academic   fellowship,   the Institute may permit EOL for a period of upto 90 days.

 

viii.      The period of EOL availed for the purpose of prosecuting higher studies leading to award of degrees or for the purpose of research fellowships (not  salaried  jobs)  will  count  for  annual  increments  and  qualifying service  for  terminal  benefits  as  well.    EOL  availed  of  for  all  other purposes  will  not  be  counted  for  terminal  benefits  unless  they  are regulated on Foreign Service terms.

 

  1. A staff member will be eligible to avail himself of a maximum of 5 years of EOL without pay and allowance during the entire period of his service at this Institute (including periods of service elsewhere if these are taken into account for retirement benefits).

 

  1. On any  single  occasion  a  staff  member  can  avail  himself  of  EOL (including  leave at credit  that may be attached)  for a maximum  of 2 years or the eligible period as per 1:5 norms, whichever is less.

 

xii.      There must be a minimum interval of 3 years between two consecutive periods of long leave.(i.e.) whose duration exceeds 6 months including sabbatical leave.

 

xiii.      The eligible period of EOL (excluding leave at credit) shall be calculated as follows:

 

  1. a. total period of service from the date of joining the Institute = n years

 

  1. total period of Special Leave and Sabbatical Leave already availed of (excluding leave at  credit = a years)

 

  1. c. Total period of EOL availed of other than for higher studies and on medical grounds and excluding leave at credit = b years

 

  1. EOL availed of for higher study = c years

 

  1. e. Eligible period of EOL (excluding leave at credit) is [n-(7a – 6b  – c )]/5  or 5 years whichever is less. The above period may be rounded off to a month.

Income Tax

Now taxable income can be calculated as follows –

Gross salary – total deductions = Taxable income

Beyond the 200000,  has to pay 10% upto Rs.5,00,000, 20% there after upto Rs.8,00,000 and 30% in excess of Rs.8,00,000.

Rs. 5,00,000-8,00,000 Rs      =   Rs. 31,000 + 20% of (Total income minus Rs. 5,00,000)

Maximum deduction available is to the tune of Rs. 100,000. Assess your income to arrive at the amount you need to invest in this section. The investment avenues include; Contributory Pension Fund(CPF)/ Public Provident Fund (PPF) up to Rs. 100,000, National Saving Certificate (NSC), Life Insurance or ULIP premium, tuition fees paid for children’s education (2 children max), Equity linked savings schemes (ELSS), Post office saving deposit (POSD) and five year fixed deposits with banks among others.

Important –

Section 80CCD allows an employee, being an individual employed by the Central Government or any other employer, on or after the 1-1-2004, a deduction of an amount paid or deposited out of his income chargeable to tax under a pension scheme as notified or as may be notified by the Central Government, vide Notification F. N. 5/7/2003- ECB&PR, dated-22-12-2003.

However, the deduction shall not exceed an amount equal to 10% of his salary (includes Dearness Allowance but excludes all other allowance and perquisites).

Further where in the case of an employee receives any contribution in the said pension scheme from the Central Government or any other employer then the employee shall be allowed a deduction from his total income of the whole amount contributed by the Central Government or any other employer subject to limit of 10% of his salary of the previous year.

Taxation at the Time of out of pension scheme and treatment of Annuity :if any amount is standing to the credit of the employee in the pension scheme referred above and deduction has been allowed as stated above and the employee or his nominee receives this amount together with the amount accrued thereon, due to the reason of

(i) Closure or opting out of the pension scheme or

(ii) Pension received from the annuity plan purchased and taken on such closure or opting out then the amount so received during the FYs shall be the income of the employee or his nominee for that Financial Year and accordingly will be charged to tax.

Where any amount paid or deposited by the employee has been taken into account for the purposes of this section, a deduction with reference to such amount shall not be allowed under section 80C.

Further it has been specified that w.r.e.f 1-4-2009 any amount received by the employee from the new pension scheme shall be deemed not to have received in the previous year if such amount is used for purchasing an annuity plan in the previous year.

Employee Contribution :It is emphasized that as per the section 80CCE the aggregate amount of deduction under sections 80C, 80CCC and Section 80CCD(1) shall not exceed Rs. 1,00,000/- .

Government’s contribution : However the contribution made by the Central Government or any other employee to a pension scheme u/s 80CCD(2) shall be excluded from the limit of Rs.1,00,000/- provided under this Section.

Contribution by Govt /Employer to New Pension scheme /Contributed Pension scheme is taxable in the hand of Employee as perquisites :. Any contribution made by the Central Government or any other employer to the account of the employee under the New Pension Scheme as notified vide Notification F.N. 5/7/2003- ECB&PR, dated 22- 12-2003 referred to in section 80CCD above shall also be  included in the salary income.

govt share should be added as income in salary income. However govt share is also eligible as deduction u/s 80CCD(2)

Example :

Salary =20000 DA=10000 Other taxable allowance =10000
Total Monthly =40000 Yearly 480000
Government’s contribution to NPS (CPF)=10% of 30000=3000= Yearly=Rs 36000/-
Employee contribution to NPS (CPF) =10% of 30000=3000=Yearly= Rs 36000/-
Employee invested 30000 in Insurance Policy eligible u/s 80C
PPF =44000

Computation of Income
Income from Salary = 480000/-
Add : Government’s contribution to CPF/NPS = 36000/-
Gross Total taxable salary (income) (A) = 516000/-

Less : Deduction u/s 80C
LIC : 30000
PPF= : 44000
employee’s share CPF : 36000 (80CCD)
Total = :110000/-
(but maximum one lac) =100000/-
Less :Government’s contribution to CPF deduction u/s 80CCD(2) =36000/-

Total deduction (B) =136000/-

Net Taxable Income (A) -(B)=516000-136000=380000/-

Reference – http://www.simpletaxindia.net/2012/10/deduction-new-pension-scheme-cpf.html#ixzz2DKmJqPhi
Tax Calculator –

http://law.incometaxindia.gov.in/taxcal/income_taxcalc.aspx
http://finotax.com/itax/calc-next.htm
switch the Tab to Income and Tax Calculator and put all your Income data’s.

Dearness Allowance DA

What is Dearness Allowance ?

Dearness Allowance is cost of living adjustment allowance which the government pays to the employees of the public sector as well as pensioners of the same. DA component of the salary is applicable to employees in India.

Dearness Allowance can be basically understood as a component of salary which is some fixed percentage of the basic salary, aimed at hedging the impact of inflation.

How to Calculate Dearness Allowance?

After the Second World War, DA component was introduced by the government. After 2006, the formula for calculating dearness allowance has changed and currently DA is calculated as follows,

For Central Government employees:

Dearness Allowance % = ((Average of AICPI (Base Year 2001=100) for the past 12 months -115.76)/115.76)*100

For Central public sector employees:

Dearness Allowance % = ((Average of AICPI (Base Year 2001=100) for the past 3 months -126.33)/126.33)*100

Where, AICPI stands for All-India Consumer Price Index.

From the year 1996, DA has been included to compensate for price rise or inflation in a particular financial year and hence it is revised twice every year, once in January and then in July.

 

privilege leave/ Earned leave PL EL

सरकारी कर्मचारी को एक वर्ष में कुल 30 उपार्जित अवकाश देय होते हैं |
ये अवकाश दो किश्तों में मिलते हैं – 1 जनवरी को 15 PL,  1 जुलाई को 15 PL, कुल तीस |

इनका इन्द्राज कर्मचारी की सर्विस बुक में होता है एवं ये वर्ष उपरांत बचे रहते हैं और जुड़ते रहते हैं, अधिकतम 300 PL जुड़ सकती हैं, उसके बाद स्वतः खत्म होती रहती हैं | कर्मचारी इन अवकाशों का उपभोग कर सकता है जिसके लिए उसे अवकाश तिथि से 21 दिन पहले संलग्न PL Form में अपने उच्चाधिकारी से अनुमति लेनी होती है |

कर्मचारी चाहे को साल कि कुल तीस PL में से 15 PL को Leave Encashment Scheme के तहत अप्रेल से मार्च तक के फाइनेंसियल इयर में संलग्न PL Form भरके, ये लीव सरेंडर करके इनका नकद पैसा लिया जा सकता है, सरेंडर के बदले में मिलने वाला पैसा = (15 Days Basic Pay + 15 Days NPA) * DA | चूँकि हर वर्ष जुलाई में वार्षिक वेतन वृद्धि हो जाती है एवं DA (Dearness Allowance) भी बढ़ जाता है, अतः जुलाई के बाद लीव सरेंडर करने पर ज्यादा पैसा मिलता है |

300 जमा हो चुकी PL का पूर्ण नकद पैसा रिटायर्मेंट के समय लिया जा सकता है, जिस पर किसी भी प्रकार का कोई टेक्स नहीं लगता है लेकिन सेवा के दौरान सरेंडर की गयी PL पर मिलने वाला पैसा पूर्ण रूप से TAXABLE है |

Leave Encashment (Surrender) Example

    Earned Leave (EL)

  1. The EL admissible to a member of the staff shall be 30 days in a calendar year. 15 days of EL is credited  in advance  on the first January and first July every year.
  1. The credit will be reduced by 1/10th of EOL and or period of dies non during the previous  half-year,  subject  to a maximum  of 15 days.

iii.    The advance credit for the half-year in which a staff is appointed will be at the rate of 2½ days for each completed calendar month of service.

  1. EL  credit      for     the     half-year      in     which      the     staff retires/resigns/removed/dismissed    or   dies   in   service   will   be afforded at the rate of 2½ days per completed calendar month up to the end of the calendar month preceding the last calendar month of service.  While affording credit, fraction shall be rounded off to the nearest day.
  1. EL can be accumulated up to 300 days (including the number of days for which encashment has been allowed along with LTC)

vi   When the credit of EL at the start of any half year, results in the total accumulation of EL being more than 300 days, the 15 days  EL for that half year shall be kept separately and set off against the leave availed  during  that  half  year.    Any  portion  of  this  separately credited   leave   not   availed   within   the   half   year,   shall   be accumulated  with  the  previous  EL  to the  credit  of EL  account, provided the total accumulated EL does not exceed 300 days.  Such procedure may be restored to in cases where the earned leave at the credit of the Institute  employee  on the last day of December  or June is 300 days or less but more than 285 days.

vii.    The maximum amount of Earned Leave that can be granted to a member of the staff at a time shall be 180 days.

viii.    EL may be taken at a time up to 300 days as leave preparatory to retirement.

ix     EL upto 300 days at a time may be granted  to Group A and B Officers, if at least the quantum of leave in excess of 180 days is spent outside India, Bangladesh, Nepal, Bhutan, Burma, Sri Lanka and Pakistan.

x        Encashment  of  EL  while  availing  LTC  upto  10  days  on  each occasion and a maximum of 60 days in the entire service are permissible.    At  least  equal  number  of  days  of  EL  should  be availed of along with encashment.  The encashment so availed will be taken into account while computing  the maximum admissible for encashment at the time of quitting service.

  1. For leave encashment HRA, CCA and special increment for small family norms are not taken into account.

Guidelines for carrying over the Earlier Leave Accounts

  1. The EL account of a staff member  as on 31.12.2003  shall be carried forward and credited to his/her EL account in the Institute subject to the prescribed  limit of accumulation  of leave. The maximum  limit at that time was 240 days for EL. Then an advance  credit of 15 days on 1st January and 15 days on 1st July will be made. If a staff member is having 133 days EL at credit as on 31.12.2003 and if he/she has not availed of any EL or vacation  during  the period  1.1.2004  to 30.6.2004,  then on 1.7.2004  his/her  EL account  will have 133 + 15 + 15 = 163 days at credit.
  1. There is no provision for unearned leave on medical certificate, usually called medical  leave  in Government  of India.    Only  HPL/Commuted Leave is available which can be availed of on medical grounds.Since the HPL is calculated at the rate of 20 days for each completed year of service and credited in advance at the rate of 10 days on 1st January and 10 days on 1st July, HPL in credit of an employee is calculated as follows: If  the  number  of  years  of  service  put  in  by  the  employee  is  ‘n’  as  on 31.12.2003     and  the  number  of  days  of  Medical  leave  availed  up  to 31.12.2003 is ‘m’, then,  the number of days of half pay leave at the credit on 31.12.2003 is ‘20n -2m’ .  If this number becomes negative, it is made as zero.  From 1.1.2004, onwards, the half pay leave is credited at the rate of 10 days on 1st January and 1st July every year.

Illustration: 1

If  an  employee  has  put  in  a  service  of  8  years  and  7  months  on 31.12.2003,  and  he/she  has  availed  Medical  Leave  for  34  days  upto 31.12.2003, then the number of days of HPL at credit as on 31.12.2003 is  160 + 12 – 68 = 104.   On 1.1.2004 HPL at credit is 114

For 8 years : 160 days of HPL plus for 7 Months : 12 days of HPL [(7/12) x 20 = 12]   (rounded   off to the nearest integer) minus for Medical Leave of 34 days : 68 days of HPL  = 104 days of HPL

Illustration: 2

If  an  employee  has  put  in  a  service  of    34  years    and  1  month  on 31.12.2003,  and he/she  has availed  Medical  Leave for 427 days upto 31.12.2003, then the number of days of HPL at credit as on 31.12.2003 is zero  (since 682 – 854  is negative)

iii.   The EL accumulation  at the Institute,  including  the leave accumulated prior to 1.1.2004 (under State Government service), shall be eligible for encashment at the time of retirement subject to limits prescribed in these rules.  The leave encashment availed prior to 1.1.2004 shall not be taken into account for the purpose of the ceiling of number of days for which encashment  is admissible  at the time of retirement  from this Institute. For example, if a staff has encashed 40 days of EL before 1.1.2004, and if  he/she  has  accumulated  300  days  EL  as  on  the  date  of  his/her retirement on or after 1.1.2004, he/she will be entitled to encashment of 300  days  of  EL  at  the  time  of  his/her  retirement  from  the  Institute, provided no encashment of EL has been done for the purpose of LTC on or after 1.1.2004.

  1. As on date, the maximum limit for accumulation of EL is 300 days and there is no limit for accumulation of HPL.

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