Accountancy, asked by Tanyav5934, 1 year ago

What is the gross salary taken home in pb-2, `.9,300 - 34,800+ g.p 4,400/- pm?

Answers

Answered by tinu21
1
This appears to be a Govt salary (or the salary of an old economy company) advertised in a job advert. Is it?

Rs 9,300 - 34,800 is the range for the basic pay for the pay-grade. This means that someone with zero experience of working at this pay-grade will earn a basic salary of Rs 9,300, and as his/her experience grows he/she will see increments within the range for a maximum basic salary payout of Rs 34,800. This range allows the recruiters to hire folks with more experience at higher salaries.

GP of Rs 4,200 is the grade pay. With the GP, the employer is paying an additional 4200 to everyone working at this pay-grade. GP is used to increase the take home salary. The employers pay a GP instead of increasing the basic pay because an increase in basic pay will result in an increase in the basic-pay-linked allowances as well e.g. HRA (housing rent allowance), and DA (dearness allowance aka. mehgai bhatta) are paid as a percentage of the basic pay.

The total salary payout = basic + grade-pay + allowances

Allowances differ from organization to organization, and department to department. You will have to find out more.


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