Does 7th pay commission apply PSU?

7th Pay Commission latest news: After providing protection of pay to the central government employees who are appointed through direct employment where either higher duties and responsibilities are involved or not, the Narendra Modi Government has decided to extend this protection of pay order to the government PSUs …

Is HRA increased?

For central government employees residing in ‘X’ category cities, HRA will be hiked to 27\%. For residents of ‘Y’ and ‘Z’ categories, HRA will be hiked to 18\% and 9\% respectively, as per reports.

What is the 7th pay for a fresher in PSU?

The 7th pay here is 30\% of the original salary. The PSU is a very beneficial sector to work in. Right from the hiring of an employee to the time he/she leaves the organization, there are a plethora of perks and advantages. The basic pay for a fresher is

What is the difference between 6th Pay and 7th Pay?

After the sixth pay, the employees are in for an increase in their pay. The salary hikes by 30 to 40 percent. In the 7th pay, the basic salary gets doubled and the DA gets merged with the basic. Example: different perks offered by different organizations. This will be the same till the 6th pay. For the 7th, the basic will be doubled.

What is the salary structure of PSUs in India?

The salary structure of PSUs is given below: AAI in civil aviation: Rs 16.400 – 40.500 NHPC in power: Rs 20.600 – 46.500 ONGC in petroleum and natural gas: Rs 24.900 – 50.500 CIL in mining: Rs 20.600 – 46.500 NFL in fertilizer: Rs 16.400 – 40.500

What is the salary of an EPF employee in PSU?

EPF is usually 12.5\% of the base salary. The take away here amounts to Rs 19000. If this employee gets promoted, his grade will increase with an addition of Rs 4600. The pay salary of PSUs makes them a dream job for a lot of engineers.