What is IDA and CDA in salary?
2.2. 1 Dearness Allowance is compensatory payment for erosion in real value of salaries resulting from price increase. CPSEs are largely following Industrial Dearness Allowance (IDA) pattern scales of pay and in some cases are also following Central Dearness Allowance (CDA) pattern scales of pay.
What is difference between CDA and IDA pay scale?
Also, salary packages are different in the private and govt sectors. Here are the explanations about Central Dearness Allowances, Industrial Dearness Allowance….Difference between Industrial Dearness Allowance IDA and Central Dearness Allowances CDA Pay Scale.
| DA | Dearness Allowance |
|---|---|
| DA directly Related to | Cost of Living |
What is IDA payscale?
16,400 – 40,500. Pay Scale (IDA): Junior Executive (E-1): Rs.16400-3%-40500 Emoluments. In addition to Basic pay, Dearness Allowance, Perks @ 46% of Basic pay, HRA and other benefits which includes CPF, Gratuity, Social Security Schemes, Pension, Medical benefits etc.
How is IDA pay scale calculated?
IDA Calculation Formula for 2nd PRC employee
- New IDA rate = (Average CPI – Base Index) * 100.
- Base Index = 126.33.
- Increase in IDA rate = New IDA rate – Old IDA rate. For Example: If CPI for March 2020 is 326, April 2020 is 329 and May 2020 expecting is 334, and the average CPI is 329.66, then the calculation would be.
What is CDA allowance?
Central Dearness Allowance or CDA rates is the cost of living adjustment allowance that gets paid to the central government employees, and prisoners in India, Bangladesh, and Pakistan. Central Dearness Allowance is admissible under the terms of employment. CDA is not given under the terms of employment.
How is pay scale calculated?
The method to calculate your salary as per the 7th CPC is simple. The salaries are obtained by multiplying the existing basic pay by a factor of 2.57 and the figure so arrived will be added to all the applicable allowances such as Transport Allowance (TA), House Rent Allowance (HRA), Medical Allowance, etc.
What is E2 grade in NTPC?
Last updated on 06.01.2021
| GRADE | PAY-SCALE (Rs.) |
|---|---|
| E0 | 30000-120000 |
| E1 | 40000-140000 |
| E2 | 50000-160000 |
| E3 | 60000-180000 |
What mean CTC?
cost to the company
CTC or cost to the company is the amount of money spent by the employer to hire a new employee. It comprises of several components such as HRA, medical insurance, provident fund, etc. Basically, CTC is the cost spent by the employer spent in hiring and sustaining the employee in the organization. …
What is CTC salary?
Cost to Company or CTC as it is commonly called, is the cost a company incurs when hiring an employee. CTC involves a number of other elements and is cumulative of House Rent Allowance (HRA), Provident Fund (PF), and Medical Insurance among other allowances which are added to the basic salary.
What grade pay means?
Grade pay stands for the amount you will be paid at every different designation. Lets say fir example, SSC CGL has few grades. And each Grade has a different level of Post. Each Grade has a different pay scale.
What is the salary of grade pay 4600?
2. Grade Pay 4200 to 5400 – Level 6 to Level 9
| GP | 4200 | 4600 |
|---|---|---|
| Level | 6 | 7 |
| 8 | 43600 | 55200 |
| 9 | 44900 | 56900 |
| 10 | 46200 | 58600 |
When do we say that CDA is equivalent to Ida?
Can anybody give me an idea about when we say that so and so CDA scale is equivalent to so and so IDA scale, Is it mean by total salary in that scale or by the rank (designation level) of the person? Like if we say prerevised 8000 scale CDA is equivalent to nearly prerevised 13500 scale of IDA.
When did Ida start paying da to CPSEs?
Payment of DA to Board level/below Board level executives and non-unionized supervisors following IDA scales of pay in Central Public Sector Enterprises (CPSEs) on 1987 and 1992 basis.
When to pay Da to CDA pattern employees?
Payment of DA to the CDA pattern employees of CPSEs on 5th CPC pay scales governed by HPPC recommendations w.e.f. 01.01.2019-reg. Payment of DA to the CDA pattern employees of CPSEs on 6th CPC pay scales governed by HPPC recommendations w.e.f. 01.01.2019-reg. Payment of DA to the CDA pattern employees of CPSEs, Drawing pay in 7th CPC pay scales.
Which is equivalent to nearly prerevised 8000 scale CDA?
Like if we say prerevised 8000 scale CDA is equivalent to nearly prerevised 13500 scale of IDA. Is it mean by gross salary or by the designation grade of the person (group A, group B service)?