Whenever you apply for any job, the very first and important question that comes in mind is “What will be the package /salary and allowances etc.?”
I have found many candidates always concerned with the salary and allowances they will get in different type of jobs like PSU, State Government, Central Government, R & D organizations, etc. So, I thought to share the pay structure of the PSU, State Government and Central Government jobs in India. I am not going to compare the nature of job, I am only going to tell you the pay structure and the initial salary you get in PSU, State Government and Central Government. I have considered the Pay Band-3 in CDA scale and Executive Grade IDA Scale in PSUs.
|Central PSU (IDA Scale)||State PSU (CDA Scale)||Central Government (CDA Scale)||State Government (CDA Scale)||R & D Organization (BARC/DRDO etc.) (CDA Scale)|
|Basic Pay (INR)||16400 or 20600 or 24900||15600+5400||15600+5400||15600+5400||15600+5400|
|DA rate on 31st Dec. 2015||107.9 %||119 %||119 %||119 %||119 %|
|Cafeteria Allowance rate||46 to 51 %||NIL||NIL||NIL||NIL|
|HRA rate (depend on place of posting)||10 or 20 or 30 %||10 or 20 or 30 %||10 or 20 or 30 %||10 or 20 or 30 %||10 or 20 or 30 %|
|Lease Amount||Approx. 16000-21000||May or May not be||NIL||NIL||NIL|
|Conveyance/Transportation Allowance (depend on place of posting)||Approx. 3000-5500||1600 or 3200 plus DA||1600 or 3200 plus DA||1600 or 3200 plus DA||1600 or 3200 plus DA|
|Telephone Reimbursement||Approx. 500-1500||CUG System||CUG System||CUG System||CUG System|
General Formula for Salary Calculation
Gross = Basic * (100 + DA rate + Cafeteria rate + HRA rate)/100 + Conveyance Allowance
The Various deductions in the salary may be under following heads:
IDA Scale : EPF, LIC Scheme, Social Security, Income Tax etc.
CDA Scale : NPS, CGHS, Professional Tax, Income Tax etc.
EPF Vs. NPS
EPF refers to Employee Provident Fund which has generally fix annual rate of interest and is a compulsory instrument of Tax saving for the government organizations whereas NPS refers to New Pension Scheme, started 2004 onwards appointments to the Central Government Employees and Sate Government Employees. The NPS is also a compulsory instrument of Tax saving for the Government Employees governed by this scheme. The rate of return is variable (may be positive, negative or zero) in NPS because it is based on the market value of the funds invested in Equity.
CDA Scale Vs IDA Scale ?
CDA means Central Government Dearness Allowance while IDA means Industrial Dearness Allowance. CDA is applicable to the Central government, state government and state PSUs while IDA is applicable mostly to all the Central PSUs. The DA revision is half yearly in CDA whereas it is quarterly in IDA pattern. CDA and IDA are calculated based on the All India Consumer Price Index number/ Market rates/ Other Price Indices etc.
|IDA rate (%)||CDA rate (%)|
|From 01 January, 2015||100.3||113|
|From 01 April, 2015||100.5||113|
|From 01 July, 2015||102.6||119|
|From 01 October, 2015||107.9||119|
Disclaimer– Above article compares the pay and allowances as they exist as of now. When 7th pay commission report will be implemented , it will be updated in that context.