Benefits of Option Certificate on Pay Fixation on Promotion,
Posted inEmployees Corner Pay and Allowances

You Know the Benefits of Option Certificate on Promotion?

An Option Certificate on Pay Fixation is a great tool for employees who are being promoted. An option certificate can be adopted if an employee is promoted after 1st June.  As you all know that the condition for the annual increment is a minimum of 6 months of service in a particular scale, and if an employee is promoted after 1st June, the 6 months of service are not completed by the same employee. Then what will happen to the employee if he is promoted after 1st June? Will he not get the benefit of the Annual Increment? This will be a loss for that employee. But don’t worry; this loss can be avoided by using the great tool of the Option Certificate for Pay Fixation.

Posted inCourt Cases Employees Corner Rulings

Can An Over-Aged Employee be Kicked out of Service If he Succeeds in Getting his First Salary? No, Never

A case wherein an employee was employed without obtaining  relaxation of upper age and discrepancy pointed out at the time of retirement by pension office, was remind under consideration of Establishment Division. Now Wafaqi Mohtasib Secretariat vide finding dated 03/03/2005 has desired to issue instructions to subordinate offices for compliance of decision taken in the matter by the Establishment Division O.M ibid are therefore reproduced for information and guidance for all concerned.

Posted inEmployees Corner Leave Rules Pension Updates

How to Calculate Encashment of Leave Preparatory to Retirement?

When an employee is retired from Govt service on the basis of Encashment, the encashment of leave is due for the said employee. This encashment is granted to the employee on the leaves in his/her credit not exceeding to 365 days according to new rules of encashment of 2012. The greater the number of leaves in his/her credit the more encashment he/she will get.

Posted inEmployees Corner GP Fund

GP Fund Subscription Rates Since 1986

The Rates of GP Fund Subscription have been changing in history for the various pay scales. Generally, these rates were changed as and when the new basic pay scales were revised. However, these rates were not changed when the new basic pay scales 2007 were introduced.

The full history of GP Fund Subscription Rates since 1986, Basic Pay Scale-wise and year-wise, is as under:

Posted inEmployees Corner Pay and Allowances

A Step Towards Unified Pay Scales

A Pay Structure Committee has been constituted by the Government and its meeting has already held on Monday 10th September 2012. The main function of this committee is to find the discrimination of pay and allowances among the Govt employees of various departments. The other task of this committee is to merge the Adhoc Allowances into new Basic Pay Scales. The next meeting of this committee is expected soon during the next weeks.

Posted inAdvances Employees Corner GP Fund

How to Calculate Interest on GP Fund Advance?

GP Fund or General Provident Fund is the amount that is being deducted from the pay of an employee on monthly basis at a fixed rate. This amount is actually the employees own amount that is given to the employee at the end of service or the employee can get it as and when he/she need it. Below the age of 45 the employee can get GP Fund Advance as refundable and at the age of 45 or more he/she may get the GP Fund advance non-refundable. I will here explain you the detail of the GP Fund Interest Amount and the method of calculating it.

Here is to mention that the employee can get 80 % of the total amount in his credit. Suppose an employee has Rs. 100000/- in his GP Fund balance then the employee can draw Rs. 80,000/- after sanctioning the higher authorities.

Posted inAdvances Employees Corner

How to Calculate Interest on Motorcar and Motorcycle Advance?

Calculation of interest on Motorcar and Motorcycle Advance is really a great topic for the employees who don’t know the ABC of accounts. Most of the employees depend on auditors and accountants or other clerical staff to calculate the interest on the advances they have drawn. Sometimes they due to unawareness of the calculation of the amount of interest many employees may pay more interest than the actual interest amount, this is really a financial loss for the employee.