## 12th BPS Salary Calculator | 12th Bipartite Settlement Salary Calculator with 17% Hike!

**12th BPS Salary Calculator:** The 12th BPS Salary Calculator has been developed to assist individuals in determining their salary based on the 12th Bipartite Settlement, which includes a 17% increase in pay slip and a 3% load factor.

As part of this settlement, the dearness allowance of 8880 points, which is equivalent to 30.38%, will be combined with the basic pay, resulting in a new dearness allowance of 10%. These changes will come into effect on November 1, 2022. For retirees, a fixed monthly payment that excludes the dearness allowance will be taken into consideration. This payment will not impact their pension update request as of October 31, 2022. The dearness allowance is calculated at a rate of 0.05% of pay per slab. Additionally, the expected special allowance is calculated at 30.75% of pay for Officer Scale-I, II, III, and 33% for Officer Scale-IV and V. Furthermore, the House Rent Allowance (HRA) is calculated at 10% of the basic pay.

The IBA and bankers Unions have reached an agreement on a 17% increase in salaries, in addition to a 3% load factor. The dearness allowance, which is currently at 8880 points or 30.38%, will be merged with the basic pay and a new dearness allowance of 10% will be introduced. These changes will come into effect on November 1, 2022.

Retired individuals will receive a fixed monthly payment that excludes the dearness allowance. Their pension update request as of October 31, 2022, will not be affected by this. The dearness allowance is calculated at 0.05% of the pay per slab. The expected special allowance is calculated at 30.75% of the pay for Officer Scale-I, II, III, and 33% for Officer Scale-IV and V. The House Rent Allowance is calculated at 10% of the basic pay.

### Calculation of 12th BPS Salary

Based on the 12th BPS Memorandum of Understanding (MOU) signed on December 7, 2023, your new Basic Pay will be calculated using a simple method! First, we need to establish your present Basic Pay, which we’ll refer to as ‘A’. Then, we will add a 30.38 percentage, denoted as ‘B’. Next, we will calculate a load factor by taking 3% of the sum of ‘A’ and ‘B’, and this will be represented as ‘C’. Finally, your new Basic Pay will be determined by adding ‘A’, ‘B’, and ‘C’ together.

To illustrate this process, let’s consider an example where your current basic pay is Rs.36,000.

- 36000 x 30.38 = 10936.80
- 36000 + 10936.80 = 46936.80
- (46936.80 x 3)/100 = 1408.10
- 46936.80 + 1408.10 = 48344.90

## Leave a Reply