Saturday, 26 August 2017

7TH PAGAR MA 1-1-2016 & 1-7-16 NO VIKALPMA TAFAVAT JANAVA MATENI EXCEL FILE

7TH PAGAR MA 1-1-2016 & 1-7-16 NO VIKALPMA TAFAVAT JANAVA MATENI EXCEL FILE
7th Pay Commission Option form for 7th CPC Pay Fixation – Every Central Government Employee has been given a Form of Option under Rule 6 (2) of 7th Pay Commission Revised Pay Rules 2016, to exercise his / her option for fixation of 7th CPC Pay as on 1st January 2016 or on a later date.outstanding for that day.
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It is also provided in the said Rule that option has to be exercised within 3 months from the date of notification and that option provided once is final.
Obviously, many of the employees are hesitant whether to opt for fixation of pay as on 1st January 2016 or to opt for moving the same to next increment date.
7th Pay Commission Option form – How to fill the same to get maximum financial benefit ?
Are you still unsure on exercising this Option ? No worries.
We have come up with an Excel File to find if there is any benefit out of exercise of option under Rule 6 to remain in the pre-revised pay structure until next increment.
This 7th Pay Commission Option Calculator is applicable for all 6th CPC Pay Bands and Grade Pay.
What is Exercise of Option under Rule 6 of 7th CPC Revised Pay Rules 2016 ?
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Rule 5 of 7th Pay Commission Revised Pay Rules 2016, provides that a Central Government Employee can opt for getting existing pre-revised pay even after 1st January 2016 until he / she gets next or subsequent increment in the existing (6th CPC) pay structure if fixation of 7th Pay Commission Pay after getting such increment in the pre-revised pay is beneficial.
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click here to download file

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