Seventh Pay Commission Pay Calculator and Fixation Formula
The seventh pay commission is due to be effective in January 2016 and each and every employee of the government of India is eagerly waiting for it. And there are obvious reasons for so many employees waiting for it. After all, that is going to change the way they are leading their life and managing financial aspects of day to day chores.
In India, every employee plans his/her life as per the income they are getting every month. If the income is going to be revised, it is certainly something that people would be waiting for. This is why there is so much buzz about the seventh pay commission.
Not only central government employees but also the state government employees are waiting for the seventh pay commission because that would act as a basis of their pay commission appraisal and thus it is crucial for them as well.
The trend in the previous pay commissions would act as the basis of deciding payouts in the new pay commission. The calculations, as of now are purely personal viewpoint and there could be no accurate confirmation to it, until the pay commission is published. However, in this article, we would try to find out the calculations behind seventh pay commission.
As a matter of fact, the fixation formula is worked out from the basic pay of previous pay commission and adding it to the dearness pay, interim relief, dearness allowance and 5 per cent of the previous basic pay. This way, we would try to find out how the seventh pay commission would look like. The 5 per cent increased from the previous pay commission’s basic pay may vary to 10 per cent, 15 per cent, 20 per cent and so on.
If we closely read in the sixth pay commission pay fixation formula, we would notice a difference in the basic pay, which is further divided in two parts, i.e. grade pay and pay band. The pay band comes from adding the previous pay commission’s basic pay plus dearness allowance plus dearness pay, etc. On the other hand, the grade pay is determined on some per cent of the pre revised pay scale of the previous pay commission.
Considering the trend in the previous pay commissions, we can find out that the basic pay in every pay commission is taken out by adding the basic pay of the previous pay commission along with DA, DP and interim reliefs. Apart from this, the previous pay commission’s basic pay too acts as the deciding factor.
Last but not the least, what would come out in the seventh pay commission as the basic pay for employees is yet to be seen and we would only come to know about it when the pay commission is implemented in 2016.