12TH BIPARTITE SETTLEMENT SALARY CALCULATOR
In this article, we provide the information related to the 12th Bipartite Settlement Salary Calculator with download option at end, shedding light on its various components and assumptions. You are also requested to check 12th Bipartite Settlement Joint Note.
12TH BPS ARREAR CALCULATION ASSUMPTIONS
The arrear calculation sheet has been formulated based on certain assumptions since no specific instructions have been provided yet.
This sheet will be updated promptly as and when further updates are received, ensuring accuracy and reliability in the calculations.
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NEW BASIC CALCULATION
The calculator determines the new basic salary using a precise formula:
New Basic = (Old Basic + 30.38% of DA) x 103%
This calculation method ensures a fair and transparent adjustment of the basic salary in line with the agreed-upon parameters.
OLD DA PERCENTAGE
For the period spanning February 2024 to April 2024, the old DA percentage stands at 52.75%.
Dearness Allowance is calculated meticulously on a per slab basis, maintaining consistency and fairness in the process, with a fixed rate of 0.07%.
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SPECIAL ALLOWANCE RATES
The Special Allowance rates are meticulously set at 30% for Scale I-III, 33% for Scale IV-V, and 35% for Scale VI-VII.
These allowances are tailored to meet the varying needs and responsibilities across different scales, ensuring equitable compensation.
FIXED PERSONAL PAY (FPP)
While most calculations are automated, the Fixed Personal Pay (FPP) requires manual entry if applicable.
This allows for personalized adjustments and ensures that individual circumstances are accurately reflected in the final calculations.
CALCULATION METHOD OTHER ALLOWANCES
It’s essential to note that there are no changes in the calculation method for any other allowances.
This consistency ensures predictability and stability in the overall compensation structure.
YOU CAN DOWNLOAD 12TH BPS SALARY ARREARS CALCULATOR FROM BELOW LINKS
DOWNLOAD OFFICERS SALARY ARREARS CALCULATOR
ARREAR PAYMENT SCHEDULE
Arrears will be disbursed up to March 2024, ensuring timely compensation for any discrepancies in previous payments.
This commitment to resolving outstanding payments underscores the employer’s dedication to fair and just compensation practices.