Can you provide a breakdown of the salary components for NABARD Grade ...
Salary Components for NABARD Grade B Officers:Basic Pay:
- The basic pay for NABARD Grade B officers is Rs. 35,150 per month.
Dearness Allowance (DA):
- The DA is revised quarterly based on the Consumer Price Index (CPI).
- Currently, the DA is around 17% of the basic pay.
House Rent Allowance (HRA):
- The HRA depends on the place of posting and can be 7%, 8%, or 9% of the basic pay.
Special Allowance:
- The special allowance is fixed at 7.75% of the basic pay.
Grade Allowance:
- The grade allowance is fixed at 6% of the basic pay.
City Compensatory Allowance (CCA):
- The CCA is provided to employees working in metropolitan cities and can range from Rs. 700 to Rs. 1,000 per month.
Other Benefits:
- Medical allowance of Rs. 4,200 per annum
- Leave Travel Concession (LTC)
- Reimbursement of expenses for newspaper, internet, telephone, etc.
- Contributory Provident Fund (CPF)
- Gratuity
- Pension
Gross Salary:
- The gross salary of NABARD Grade B officers can vary depending on the place of posting.
- On average, the gross salary can range from Rs. 71,000 to Rs. 84,000 per month.
Deductions:
- The deductions include income tax, provident fund contribution, and other applicable deductions.
Net Salary:
- The net salary is the amount received by the employee after deducting the applicable deductions from the gross salary.
Note: The salary components mentioned above are subject to change as per the rules and regulations of NABARD.