15.05.2013 Views

Administration Manual - B.E.S.T. Undertaking.

Administration Manual - B.E.S.T. Undertaking.

Administration Manual - B.E.S.T. Undertaking.

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Rs.5501/- to Rs.6500/- 0.100% subject to minimum<br />

of Rs.6.05<br />

Rs.6501/- to Rs.7500/- 0.090% subject to minimum<br />

of Rs.6.50<br />

Rs.7501/- to Rs.9000/- 0.085% subject to minimum<br />

of Rs.6.75<br />

Rs.9001/- and above 0.085% subject to minimum<br />

of Rs.7.65<br />

287<br />

2) After receiving the General Index (G.I.)( from Commissioner of Labour<br />

Office, Tardeo, Mumbai – 400 034, the G.I. for Mumbai is (e.g. 589) multiplied by<br />

5.12 is a linking factor to change 1982 series to 1960 series for Mumbai: 589 x 5.12<br />

= 3015.68<br />

i.e.3016<br />

3016 is multiplied by 4.44, } 3016 x 4.44 = 13391.04<br />

to change 1960 series to still }<br />

old index for Mumbai. } i.e. 13391<br />

13391 is cost of Living Index figure<br />

The Mumbai Consumer Price Index for March’ 96 is 7934.<br />

(Ref. last pay revision 1996) which is to be deducted from 13391 (cost of living<br />

Index figure) 13391 – 7934 = 5457.<br />

The same is divided by 7 points i.e.5457<br />

7<br />

779.57, which is rounded to 780.<br />

780 is multiplying factor (M.F.).<br />

Now, as per Basic Pay & Rate of D.A., we arrive at the existing D.A. for July<br />

2005. An example for calculating the DA of an employee having minimum basic of<br />

Rs.3550/- is as under:<br />

Basic D.A. Rate M.F. D.A. for July 2005.<br />

3550/- 4.08 x 780 3182.40<br />

Again to calculate for D.A. for a day<br />

3182.40 ÷ 31 = 102.66.

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!