Gratuity calculation software download and New Payment of gratuity (Amendment bill) 2017

Gratuity calculation in India is made by employers based on a very easy method of calculation. Gratuity payment amount differs for each employee as it changed with last drawn salary, number of years of service .etc. This is why everyone is after Gratuity calculation software download for knowing about gratuity they will get on resigning or retiring. All companies who have more than 10 employees will have to pay gratuity compulsorily after their retirement period or getting resigned. In September 2017 Indian government under Prime Minister Narendra Modi decided to increase tax free limit on gratuity amounts for private employees to Rs.20 lakhs. Earlier gratuity ceiling limit was Rs.10 lakhs which was now increased to Rs.20 lakhs giving relief to private employees.

With implementation of 7th Central Pay Commission ceiling limit under CCS (Pension) Rules 1972 and Payment of gratuity Act was amended and new Payment of gratuity (Amendment bill) 2017 was submitted.  With this new change ceiling limit of gratuity of private employees will be Rs.20 lakhs with effect from 1 January 2016 (1/1/2016).

Most common doubt is regarding salary that is taken into consideration for making Gratuity calculation. Basic Salary and Dearness Allowance are taken for gratuity calculation while HRA, bonus, special allowance .etc. will not be considered. What is Period of service that is taken for Gratuity Payment calculations ? You should have completed minimum 5 years or 4 years 6 months of service to become eligible to receive gratuity payment from a company or establishment in India.

How to calculate salary per day of an employee for this gratuity calculation. You have to divide your 1 month salary by 26 days to get salary per day. Another most inquired topic in Gratuity payment is regarding Formula of Gratuity Calculation. Salary of 15 days for every completed year will be given as gratuity. For example if you have 5 years service then your gratuity will be 1 day salary x 15 days.

What is amount taken as salary for calculating gratuity. It is Basic salary + Dearness Allowance DA.

Gratuity calculation Formula = Number of years of service x Last drawn salary for 15 days

or

[ (Basic Pay + D.A) x 15 days x No. of years of service ] / 26

Excel sheets, Online Gratuity calculation software download .etc.

Based on Gratuity Payment of Gratuity Act 1972 and Payment of gratuity amendment bill 2017 there are few Gratuity calculation software download available. Most demand is for excel based calculators, online calculators and few mobile apps that make it easy to do gratuity calculation.

Gratuity calculator Excel  format – https://docs.google.com/spreadsheets/d/1Z1uaIL91U4f97fsLnE2sFnNUHfxWbykWTfY1fLzL5vY/export

Online calculator for gratuity in India at http://www.moneycontrol.com/personal-finance/tools/gratuity-calculator.html

Gratuity calculation software download

Indian Prime Minister Narendra Modi in it’s first cabinet meeting after reshuffle of Union ministers took decision to introduce Payment of Gratuity (Amendment) Bill, 2017 in Parliament. By amending Payment of Gratuity Act 1972 a new bill named Payment of gratuity (Amendment bill) 2017 will be passed by Cabinet in Parliament and made into a law.

All employees who have a service period of 5 years are eligible to get gratuity payment. Tax concession is available by a tax free limit of Rs.20 lakhs on gratuity payment.

 

Odisha 7th pay commission latest news of Orissa CPC pay revision

In June 2017 Odisha Government sanctioned 7th CPC recommendations by central government. As on August 2017 Odisha 7th pay commission latest news, Odisha Chief Minister Naveen Patnaik has approved revised pay scales for Orissa state government employees.  present pay scale revision of Odisha Government as per 7th CPC will directly benefit 8,00,000 Odisha state government employees and pensioners.

Odisha state government had constituted a Fitment Committee on 28 October 2016 to submit a report based on recommendations. Based on this report Odisha Chief Minister Naveen Patnaik informed everyone that state government will implement all recommendations made by this committee as per 7th Pay Commission.

There had been great demand for hiking Minimum salary scale of Odisha state Govt employees to Rs. 26,000. Odisha government decided to increase minimum salary scale to Rs.21000. Government will have to be bear additional expenses in paying revised salary scales based on this report.

Odisha 7th pay commission latest news is that this implementation of recommendations will directly benefit 4.5 lakh state government employees and 3.5 lakh pensioners. From 1st September 2017 revision of salary and pension scales as per 7th CPC will be effective.

Odisha state government will have an additional burden of Rs 4,500 crore for implementing this revised pay scales.

Odisha 7th pay commission latest news

Latest minimum salary scales of different levels of employees in Odisha state government as per Odisha 7th pay commission latest news is updated as follows.

Group A employees – Revised basic salary is Rs 56,100. (Salary before revision was only Rs. 21,000)

Group B employees – Revised basic salary is Rs 35,400. (Salary before revision was only Rs. 13,500)

Group C employees – Revised basic salary is Rs 19,900. (Salary before revision was only Rs. 7,100)

Group D employees – Revised basic salary is Rs 18,000. (Salary before revision was only Rs. 6,450

Odisha 7th pay commission latest news

Group A OAS employees (Odisha administrative service) will get minimum salary of Rs 1,44,200.

Odisha’s IAS officers (Indian Administrative service) will get minimum salary of Rs 2,25,000.

Odisha Pay Fixation 2017

Based on recommendations of 7th Central Pay Commission, Odisha state government approved revised pay scales of State Government employees and pensioners as approved by Odisha fitment committee.

Odisha government has also given new Pay fixation formula 2017, Modified assured career progression (MACP), Fixation of pay on promotion, DA, HRA, Pension, Gratuity.

Download – Odisha Revised Pay scales 2017 report from Odisha’s Finance Department official website http://finance.odisha.gov.in

Odisha Finance Minister Sashi Bhusan Behera and Odisha Chief Minister Naveen Patnaik said that thete will be an additional burden of Rs 4,500 crore for implementing pay revisions to pensioners and state employees in Odisha government service.

Present salary hike in Odisha state government as per 7th pay commission has resulted in around 23 per cent hike in salary.

 

Bihar Niyojit teacher Pay fixation software download for revised salary scales calculations

Bihar state government appointed a committee for State Pay Commission to decide minimum salary scales of Government employees and contractual government school teachers. Based on 7th Central Pay Commission report recommendations were approved by Bihar cabinet in August 2017. Important changes in pay scales happened in Bihar education department. Official website of Bihar education has updated latest bihar pay fixation software download as per latest pay revision.

Around 360000 government teachers will get benefit from new revisions in pay scales implemented by Bihar as per 7th CPC. What are the new changes made in pay scales as per 7th CPC in Bihar government in 2017 ? There was great changes in pay scale revision in Bihar state for Government employees and especially contractual teachers / Niyojit teachers working in Government schools. bihar pay fixation software download is useful for all trained teachers whose minimum salary scales have increased as per this recommendation by committee approved by Bihar Government.

There was huge demand that untrained teachers and probationary teachers should get benefits as per 7th CPC.  But in present approval of minimum salary only trained teachers working in Government schools of Bihar will get all benefits of pay revision. This includes around 36000 teachers working in contractual basis as Niyojit teachers in panchayats and govt schools in Bihar. Minimum salary scales of employees in Bihar increased by 2.52 times of their basic pay and grade pay received as on January 2016.

Bihar chief minister approved Nitish Kumar this new pay revision recommendation by State pay commission based on 7th CPC. New pay revision in Bihar for government eemployees and teachers will be effective for salary from 1st April 2017. Arrears in salary based on pay revision effective from 1 April 2017 will be given along with salary in coming months.

Only trained teachers working in Bihar’s Government High School, Primary schools, Middle school will get salary as per revised pay scales from coming months. Untrained teachers and those on probation periods will not get pay scale based on their grade pay.

2017 Bihar pay fixation software download

Education Department of Bihar has updated latest software for pay fixation calculations at it’s official website. This is based on new revised pay scale recommendations for Niyojit teachers in Bihar.

Bihar pay fixation software download at official website of Bihar’s education department at  http://www.educationbihar.gov.in

or you can download this .rar file at http://www.educationbihar.gov.in/PayFixation.aspx

Bihar pay fixation software download

Which all government school teachers working in Bihar government schools on contractual basis will get benefits of this salary hike as per 7th CPC ?

Only trained teachers will get this pay revision. All untrained teachers and probationary teachers in Government schools of Bihar will not get this pay scale revision on grade pay. This will disappoint teachers who are on probation and untrained period in government schools, panchayaths.

But Bihar government cannot bear anymore burden because revision of pay scales of trained contractual teachers (Niyojit teachers) itself has Given the man additional work done of Rupees 1500 crore. Financial burden for pay revision of around 365000 employees excluding trained government teachers sums to about rupees 5000 crore.