The Government of India has increased the salary of NABARD Employees. Effective from 1st November, 2022, the hike in pay and allowances is about 20 percent for all Group ‘A’, ‘B’ and ‘C’ employees in NABARD. It would benefit around 3800 serving and former employees.
Not only salary of serving employees, but pension has also been enhanced. Basic pension/family pension to retirees of NABARD, who were originally recruited by NABARD and retired before 1st November, 2017, have now been brought on par with that of ex-RBI NABARD retirees.
Let’s have a look at the Salary Slip
Pay & Allowances
- Basic Pay: ₹ 44,500.00
- Dearness Allowance: ₹ 35,018.00
- LCA (CCA): ₹ 2,225.00
- Grade Allowance: ₹ 10,400.00
- Special Allowance: ₹ 8,250.00
- LCA (SCA): ₹ 500.00
- LCA (FA): ₹ 1,780.00
- Spl Perquisite Allowance: ₹ 3,701.00
- SPA Cess: ₹ 148.00
- Learning Allowance: ₹ 2,500.00
- Special Grade Allowance: ₹ 2,652.00
Gross Pay: ₹ 1,11,674.00
Deductions
- Prov. Fund / NPS: ₹ 9,684.00
- Medical Premium: ₹ 300.00
- Lounge Subs: ₹ 400.00
- Income Tax and E: ₹ 7,524.00
- Profession Tax: ₹ 208.00
- Association Subs: ₹ 3,208.00
Total Deductions: ₹ 21,324.00
The net Take Home Pay is ₹ 90,350.00 (Rupees Ninety Thousand Three Hundred Fifty) and the Gross Salary is Rs.1,11,674.00.
The hike in salary is around 20%. Considering this hike, the gross salary would be approximately Rs.1,33,000.
On the other hand, the gross salary of IBPS PO is around Rs.90,000 only. The salary slip of IBPS PO is as follows:
| Constituents | Amount |
|---|---|
| Basic Pay | ₹ 48,480.00 |
| Dearness Allowance | ₹ 10,277.76 |
| Special Allowance (Basic) | ₹ 12,847.20 |
| Special Allowance (DA) | ₹ 2,723.61 |
| Learning Allowance | ₹ 850.00 |
| Learning Allowance (DA) | ₹ 180.20 |
| House Rent Allowance | ₹ 4,848.00 |
| CCA / LOC A | ₹ 2,300.00 |
| Contributory Pension – Employer | ₹ 8,226.00 |
| Gross Salary | ₹ 90,732.77 |
| Deductions | ₹ 14,302.00 |
| Net Salary | ₹ 76,430.77 |
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