Salary Components for an IBPS Clerk:


The basic pay is the fixed component of the salary and is determined based on the pay scale. For an IBPS Clerk, the basic pay is Rs. 11,765.


The Dearness Allowance is a cost of living adjustment and is revised quarterly. It is calculated as a percentage of the basic pay. Currently, the DA for IBPS Clerk is 53.7% of the basic pay.


The House Rent Allowance is provided to clerks to meet their rental expenses. The HRA amount varies based on the location of the posting. It can be 7%, 8%, or 9% of the basic pay depending on whether the clerk is posted in a metropolitan city, a big city, or other locations, respectively.


The Special Allowance is given to clerks in order to compensate for certain expenses. It is currently fixed at 7.5% of the basic pay.


The Transport Allowance is provided to clerks to cover their commuting expenses. It is based on the city category and ranges from Rs. 425 to Rs. 1,100 per month.


The gross salary of an IBPS Clerk is the sum of the basic pay, DA, HRA, and special allowance. It does not include the transport allowance.


Certain deductions are made from the gross salary, including income tax, provident fund, and professional tax.


The net salary is the amount received by the IBPS Clerk after deducting the applicable taxes and other deductions from the gross salary.

Summary:
The salary components for an IBPS Clerk include basic pay, dearness allowance, house rent allowance, special allowance, and transport allowance. The gross salary is the sum of these components, while the net salary is the amount received after deductions. It is important to note that the exact salary may vary based on factors such as location, allowances, and deductions.