ALL VETERANS ARE REQUESTED TO SEE THE WEB SITE & GIVE YOUR VALUABLE COMMENTS/SUGGESTIONSGet this Widget

Tuesday, 5 July 2016

Implementation of Recommendations of Seventh Central Pay Commission (7 CPC) : Col Ramesh Khatri (Retd)

Indian Military Veterans


Dear All,
 
The Cabinet Committee has approved recommendations of the 7 CPC. These shall be effective from 1st January, 2016.
 
7 CPC has amalgamated the Basic Pension and the DA Relief on it. For example, if A’s post OROP Basic Pension is Rs. 1.00 and current DA Relief on it is @Rs 1.25. Hence, Rs 2.25 (1.00 + 1.25)
 
7 CPC has allowed an ENHANCEMENT of 0.32 [2.57 (proposed by 7 CPC) – 2.25 (amalgamated pension)] on the post OROP Pension, ie, 1.00 x 0.32  =  0.32.
 
Please add this 0.32 to A’s post OROP Amalgamated Pension, that is, Rs. 2.25 + 0.32  = Rs. 2.57 shall be A’s (final) Pension wef 01 – 01 – 2016.  This is what ‘A’ (you) shall be receiving in August 2016 with the Pension of July 2016.
 
As the enhancement is being paid from 01 – 01 – 2016, hence, the arrears of six months (Jan – June 2016) Rs. 0.32 x 6  = Rs. 1.92 are likely to be paid in August or September 2016.
 
‘A’ (You) will receive the above Minus the Income Tax.
 
I am sure, it not being complicated and everyone can calculate what they would be receiving!!.
 
Example:
 
A’s post OROP Pension = Rs. 36130
DA Relief on Rs. 36130 x 1.25 = Rs. 45163
Amalgamated Pension (36130 + 45163) = Rs. 81293
Enhancement (0.32) of post OROP (36130 x 0.32)  =  Rs Rs 11562
Hence, 7 CPC Recommended Pension effective 01–01–2016 shall be (81293 + 11562) = Rs.  92855

Deduction of Income Tax, say@12855 per month. Hence net pension being remitted to A’s bank account will be (92855 - 12855) = Rs. 80,000 per month
 
With kind regards,
 
Colonel Ramesh Khatri (Retd)

(Source- Via e-mail from Col SS Sohi (Retd)

Blog Archive

Disclaimer

The contents posted on these Web Site are personal reflections of the Viewers and do not reflect the views of the "Indian Military Veterans- Web" Team. Neither the "Indian Military Veterans -Web" nor the individual authors of any material on these Web accept responsibility for any loss or damage caused (including through negligence), which anyone may directly or indirectly suffer arising out of use of or reliance on information contained in or accessed through these Web.
This is not an official Web site. This forum is run by team of ex- Indian Army, Veterans for social networking of Indian Defence Veterans. It is not affiliated to or officially recognized by the MoD or the AHQ, or Government/ State.
The Indian Military Veterans Forum will endeavor to edit/ delete any material which is considered offensive, undesirable and or impinging on national security. The WebTeam is very conscious of potentially questionable content. However, where a content is posted and between posting and removal from the Web in such cases, the act does not reflect either the condoning or endorsing of said material by the Team.
Web Moderator: Capt KS Ramaswamy (Retd)

Resources


JOIN SITE AS MEMBER AS ABOVE & TYPE YOUR E-MAIL ADDRESS HERE FOR AUTO E-MAIL UPDATES