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Sr. No Column Heading Calculation Logic

The document provides calculations for 16 columns in a payroll table. It specifies how each column will be calculated based on actual amounts drawn, eligible amounts as per grade, loan subsidies based on outstanding amounts and interest rates, and allowances prorated from annual amounts. PLI will be calculated as the eligible yearly amount divided by 12. Medical reimbursement will be calculated as a percentage of basic salary plus stagnation pay based on the number of family members enrolled.

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Deepak Sharma
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50 views2 pages

Sr. No Column Heading Calculation Logic

The document provides calculations for 16 columns in a payroll table. It specifies how each column will be calculated based on actual amounts drawn, eligible amounts as per grade, loan subsidies based on outstanding amounts and interest rates, and allowances prorated from annual amounts. PLI will be calculated as the eligible yearly amount divided by 12. Medical reimbursement will be calculated as a percentage of basic salary plus stagnation pay based on the number of family members enrolled.

Uploaded by

Deepak Sharma
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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Sr.

No Column Heading Calculation Logic

1 Basic Salary (Column No 3) Actual Basic salary drawn

2 Stagnation Pay (Column No 4) Actual Stagnation Pay drawn

3 Education/Hostel Allowance (Column No 5) Actual Education/Hostel Allowance drawn

4 Professional Persuit Allowance (Cloumn No 6) Actual Professional Persuit Allowance drawn

5 Lunch Subsidy (Column No 7) Lunch subsidy Less Rs. 20/-

6 LFA Monthly (Column No 8) If Actual LFA is Claimed for FY 2010-12, Claimed


Amount/24, for others as per the Grade eligibilty per
month

7 Furniture Advance (Column No 9) (Actual Adv. Amount availed * 0.10 /12 ) minus Actual
Furniture rent Recovery + Actual annual maintenance /
12

8 Housing Loan Subsidy (Column No 10) (Outstanding Loan Amount as on First day of month) *
(Applicable interest percentage as per footer note
serial no. 1 minus 5.00 percent) /12

8 Vehicle Loan Subsidy (Column No 11) (Outstanding Loan Amount as on First day of month) *
(Applicable interest percentage as per footer note
serial no. 1 minus 2.50 percent) /12

9 PLI (Column No 12) Eligible Yearly PLI Amount (i.e Rs. 8400/- maximum)/12

10 Fixed Conveyance (Column No 13) Eligible Fixed Conveyance Amount as per Grade

11 Medical (Column no 14) (Actual Basic salary + Stagnation Pay) * 1.83*no. of


members enrolled under the scheme during the month /
100
12 Computer Allowance (Column No 15) Actual Computer Allowance drawn

13 Holiday Home( Column no 16) (Actual amount paid by the Corporation - Holiday
Home Recovery) prorated for the Fin year

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