FINANCE MINISTRY ORDERS FOR
PAYMENT OF ARREARS AND
FIXATION OF PAY
Minsitry of Finance has issued orders vide OM: F.No.1/1/2008/IC Dated 30th August 2008 on Implementation of pay commission recommendations and fixation of pay and payment of arrears.
It is ordered that bills may be drawn separately for arrears from 1.1.2006 to 31.08.2008 after deducing subscriptions at the enhanced rates for GPF and NPS and then calculating 40% of quantum for payment.
For facilitating immediate fixation of pay in the new pay band and for disbursement of arrears it is ordered that the payment be made without any pre-check. Therefore the payment of arrears will be made with the condition that subject to adjustments against discrepancies.
In authorizing arrears the Income Tax due would also be adjusted before making payment.
The above OM contains detailed work sheet for fixation of pay in revised Pay Bands for each and every official in different basic pay in different scale of pay. This will help expediting fixation of pay in new Pay Band and for payment of arrears to every employee.
To view of download this important Finance Ministry OM, Comrades may click on the Rapidshare Link provided below:
Download link: http://rapidshare.com/files/141447810/Finance_Ministry_OM_-_Pay_Fixation_-_Arrears.pdf