Hi Team,
In case the Basic salary (at the time of retirement) is more than Rs.32,000/-per month or net take home is around Rs.70,000 per month, then what would be considered as the "Pensionable Salary" to calculate the Pension?
a) Is it Rs.6500/-?
b) Rs.15000/-(considering the new amendment since Sep 2014 where the contribution was increased from Rs.541 (Rs6500) to Rs.1250 (Rs,15000)?
b) Last years monthly average Basic+DA (i.e. Rs.32,000)?
c) Actual Monthly total Salary? (Rs.70,000)?
Thanks.
Regards,
An.
In case the Basic salary (at the time of retirement) is more than Rs.32,000/-per month or net take home is around Rs.70,000 per month, then what would be considered as the "Pensionable Salary" to calculate the Pension?
a) Is it Rs.6500/-?
b) Rs.15000/-(considering the new amendment since Sep 2014 where the contribution was increased from Rs.541 (Rs6500) to Rs.1250 (Rs,15000)?
b) Last years monthly average Basic+DA (i.e. Rs.32,000)?
c) Actual Monthly total Salary? (Rs.70,000)?
Thanks.
Regards,
An.