What is the in hand salary in PSU?
PSUs Salary Structure
| Organization | Status | Salary Structure |
|---|---|---|
| Indian Oil Corporation Limited (IOCL) | Maharatna | Rs. 60,000-1,80,000 |
| National Thermal Power Corporation Limited (NTPC) | Maharatna | Rs. 60,000-1,80,000 |
| Coal India Limited (CIL) | Maharatna | Rs. 60,000-1,80,000 |
| Steel Authority of India (SAIL) | Maharatna | Rs. 60,000-1,80,000 |
What is 3rd PRC in PSU?
Third Pay Revision Committee for Central Public Sector Enterprises CPSE headed by Justice Satish Chandra (Retd). The recommendation of the reports were accepted by the Govt. Official 3rd PRC Report : Click Here! The government owned corporations are termed as Public sector Undertakings (PSUs) in India.
What is 5th Pay Commission?
Fifth Pay Commission. The notification for setting up the Fifth CPC was issued on 9 April 1994, but started functioning only on 2 May 1994, with the assumption of charge by the Member Secretary. The chairman of fifth pay commission was Justice S. Ratnavel Pandian.
What is the salary of a Maharatna in India?
Some have a basic pay of 20900 per month, while most of the maharatnas have a basic of 24900. Basic pay of 20900 translates to in hand amount of 40–50k and that of 24900 to 50–55k per month. Place of posting and whether You have company accomodation or not.
What is the in-hand salary of a PSU employee?
The actual in hand salary depends upon: The PSU you are working in. Some have a basic pay of 20900 per month, while most of the maharatnas have a basic of 24900. Basic pay of 20900 translates to in hand amount of 40–50k and that of 24900 to 50–55k per month.
How to calculate new pay as per 3rd PRC?
Click Here To Read 3rd PRC Report New Pay as per 3rd PRC = A (Basic Pay + Stagnation increment (s) as on 31.12.2016) + B (Industrial Dearness Allowance (IDA) as applicable on 1.1.2017) + C {15\% of (A+B)} + D (Aggregate amount rounded off to the next Rs.10/-.)
How much salary will I get as a fresher in Maharatna PSU?
Now you have to contribute some compulsory money to your PF and pension accounts. But that will remain your money. Hence, Rs 88,000 will get credited in your account every month as a fresher in a maharatna PSU. Annually you will get performance related pay (PRP) in your account.