IBA agreed on wage revision -12.08.2013 with UFBU and conceded to merge Dearness Allowance upto 4440 Consumer Price Index i.e. 401 slabs and construct new pay scales accordingly.
Please note that for calculations of revised Basic Pay & increase in salary the prerequisite inputs are Increase in wage load or net % of Increase in salary & revised DA factor would become payable are yet not finalized.
However, by the use of following calculator you can be able to calculate likely new pay scales would become payable on the basis of merger of Dearness Allowance upto 401 slabs as agreed by IBA the likely AND percentage of increase in Basic Pay /load (You may please enter in this column, as you have heard / UFBU - IBA agrees). The increase in salary would become payable on the basis of revised conversion factor of DA. The present DA factor as per 9th Bipartite Settlement is 0.15. To calculate revised DA payable and salary increase please enter in this column the DA factor, that you have heard / UFBU - IBA agrees.
The calculator by defaults calculates your new basic pay, DA & salary increase on the basis of lower side calculations as DA factor is reduced in pay revision of bank employees the revised DA factor .10 minimum is taken that may would minimum becomes payable. You may please enter in this column, as you heard / UFBU - IBA agrees.
It is also assumed that minimum of an increase of 20% of salary may would be payable and by defaults the calculators calculated likely salary accordingly. The increase may be reduced on other grounds of other benefits or reasons so you may please enter in this column, as you heard / UFBU - IBA agrees the increase of salary.
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Calculate Your Likely Revised Basic Pay & Today Increase in Salary