February 11, 2013

How to read & understand pay scale

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How to read & understand pay scale

E.g. 10000-470/6-12820-500/3-14320-560/7-18240


The above mentioned salary is a range for salary at initial period i.e first year.

Let understand  with explanation: 

10000:  It means the basic pay is Rs. 10000


470: It means increment of Rs.470

/6: It means the number of increments which will be given to you each year up to 6 years

12820: It means your salary will be Rs 12820 after 6 increments i.e after 6 years

500: It means after 6 years your increment will be of Rs 500 each year

/3: It means Rs 500 increment will be given for 3 years


14320: It means after 3 years of Rs 500 increments your basic pay will be of Rs. 14320


560: It means increment  of Rs 560 will be given each year


/7: It means increment of Rs 560 will be given for 7 years


18240: It means at last your basic pay will be Rs 18240