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The central government employees are set to get monthly Transport Allowance (granted to cover the expenditure involved in commuting between place of residence and place of duty) of up to Rs 15,750 from thier July month salaries.
Mukesh Ambani-led Reliance Industries leads the pack of 50 Indian companies in the 2017 Forbes ‘Global 2000’ list.
Lower level employees will get HRA hike of up to 157 percent from their July month salaries as against 122 percent for higher level employees. But when DA will cross 50% then higher level employees will receive 176 percent hike as against 157 percent hike for lower level employees.
The new set of plan benefits will be available from 11th July and will be applicable for all new as well as existing subscribers.
Check out your revised HRA (House Rent Allowance) here city-wise.
Major highlights of the notification related to 7th CPC recommendations on allowances, published in Gazette of India dated 6th July, 2017.
The central government employees will get maximum monthly HRA (House Rent Allowance) hike of Rs 33,000 from their July month salaries but it will be revised upwards by Rs 40,500 and Rs 48,000 when DA crosses 25 percent and 50 percent respectively.
The 30-share index last quoted higher by 345.89 points, or 1.10 percent to 31,707.57 after moving in range of 31,722.39-31510.62.
Here is the list of allowances recommended by the Seventh Central Pay Commission (7 th CPC) along with modifications as approved by the central government.
For the central government employees belonging to highest level in the pay matrix, HRA has been increased from Rs 27,000 to Rs 60,000, meaning a hike of 122 percent. However, the HRA for these employees will be revised upwards to Rs 67,500, and Rs 75,000 when DA crosses 25% and 50% respectively.
Know how more than 7.5 lakh employees belonging to Levels 1 to 3 in the pay matrix will be benefitted, owing to fixation of minimum HRA.
Know how more than 48 lakh central government employees will start getting maximum HRA hike (House Rent Allowance) of 157 percent from July month salary.
Know the actual HRA (House Rent Allowance) city-wise after the Union Cabinet on Wednesday approved the 7th CPC recommendations on allowances with some modifications.
Know how the Union Cabinet's nod to E-CoS report on allowances will affect HRA (House Rent Allowance) and salaries of central government employees.
The Union Cabinet may approve HRA (House Rent Allowance) rates between recommendations of AK Mathur panel and 6th CPC/existing, most likely at 27 percent in its meeting on June 28.
The Union Cabinet on Thursday passed a resolution expressing gratitude to Chief Ministers of States and others for their cooperation in introduction of GST.
The Narendra Modi Cabinet is likely to put an end to year-long wait of central government employees for allowances, including HRA (House Rent Allowance) by taking final call on the proposal in its next meeting on June 28.
The Narendra Modi Cabinet is likely to put an end to year-long wait of central government employees for allowances including HRA by taking final call on the proposal in its next meeting next week.
The Union Cabinet on Wednesday approved the interest subvention scheme (ISS) for the year 2017-18 which will help farmers getting short term crop loan up to Rs 3 lakh payable within one year at only 4 percent per annum.