CPSE Pay Revision 2017 – Calculation of Annual Increment
Annual Increment
The pay-structure for CPSEs executives effective from 1.1.2007 provides for annual increment of 3% of Basic Pay. It may be mentioned that the 6th Central Pay Commission as well as 7 th Central Pay Commission had granted annual increment at the rate of 3% of BP.
In light of above, this Committee recommends that annual increment should be allowed to all CPSEs at the rate of 3% of Basic Pay. Aggregate amount to be rounded off to next Rs.10/-.
There is no uniformity in the date of granting Annual increment amongst the CPSEs; and the CPSEs follow the date(s) for annual increment as per their established Human Resources (HR) policy. The CPSEs shall accordingly continue to grant annual increment on the revised pay on the respective due date, as applicable in the CPSE
Authority: 3rd PRC Report
More recommendations…
Report of 3rd Pay Revision Committee for CPSEs
CPSE Pay Revision 2017 – Revised Pay Scales effective from Jan 2017
CPSE Pay Revision 2017 – Fitment Benift and Methodology – Click to read more
CPSE Pay Revision 2017 – Calculation of Annual Increment – Click to read more
CPSE Pay Revision 2017 – Dearness Allowance Calculation – Click to read more
CPSE Pay Revision 2017 – Rates of House Rent Allowance (HRA) – Click to read more
CPSE Pay Revision 2017 – Perks and Allowances – Click to read more
CPSE Pay Revision 2017 – Retirement Age Recommendations – Click to read more
CPSE Pay Revision 2017 – Bunching of Pay – Click to read more
CPSE Pay Revision 2017 – Retirement Benefits – Click to read more
CPSE Pay Revision 2017 – Voluntary Separation Scheme (VRS) – Click to read more
CPSE Pay Revision 2017 – Leave Regulations – Click to read more
CPSE Pay Revision 2017 – Leased Accommodation – Click to read more