Maxutils.com Congratulates Bankers for their Salary stands to be revised from Nov'17
Click Here to Calculate Tax Relief U/S 89(1)on the arrear payable to you and know to claim tax relief u/s 89(1) is it beneficial in your case or not. This calculator also does your Income Tax Calculations For FY 2020-21 under New & Existing Tax Regime with gross arrear amount and arrear amount that pertains to only for the months of FY 2020-21 only.
Latest Update 11.11.20 - The Revised Salary and Arrears Caclulator ofClerical Staff,Officer Scale 1-7 & SubStaff stands updated accordingly.
Please Keep on Visiting the Updation of rest of the Calculators are under progress.
Please Note - In terms of the 11 BPS the employees on scale wages
on reaching the maximum in their respective scales of pay, shall draw nine stagnation the stagantion increment at frequencies of 2
years and monetary benefit on account of such revised and readjusted stagnation increment/s shall be
payable from 1st November, 2020 or the actual date of entitlement whichever is later.
Keeping in view of this the adjusted stagnation increment is accounted for revised salary in the month of Nov'20 for calculation of tentative amount of arrears in this calculator. However, notionally eligible for stagnation increments w.e.f. 1.11.2017 in terms of this settlement as
per the revised periodicity which will qualify for superannuation benefits is not taken into account for calculation of tentative amount of arrears etc.
Click to open your Revised Salary + Arrear Calculator from:-
This ustility is developed with following features:-
The employees who have drawn more than one special pay allowances viz. Bill Collector, Daftari, Head Peon, Armed Guard can also calculate arrears accordingly. View below steps to use this feature.
The users who have been posted at different locations and drawn drawn rates of HRA during the period of arrear calculations can calculate arrears accordingly.Click button provided below this to view steps to use this feature for your calculations
Steps to calculate Special Pay and HRA payable during the period of arrears calculations ▼ ▲
Click the respective button to enter Special Pay and HRA. The user will see the different HRA and Special Pay rates payable presently with the coded to be entered in the respective month box provided there under. Please follow following simple step for your desired calculations.
In case one rate of HRA / Special Pay drawn during all the period of arrears calculations - Enter the rate you were drawing in Nov'17 or in the month from when started drawing the allowance and leave the earlier months blank and there is no need to enter code in the remaining months, the system will treat as zero itself for earlier months and as well the rate as enterred in all next remaining months. (in case there is any change in rate is required to enter between the entire period view second step.)
In case more than one rate of HRA / Special Pay drawn during the period of arrears calculations - Enter your code HRA / Special Pay in the month you first drawn (as per step one) and leave the next months boxes blank till the period there is no change in salary you had drawn. Now, ener the new code (as mentioned under the button of HRA / Special Pay) in the month when you had drawn different rate of HRA or Special Pay and leave the months blank till the period there is no change. e.g. if an employee getting HRA @10% in Nov'17 transferred in Apr'18 to a place where HRA @9% is payable. Further in Apr' 18 he is transferred at new place where HRA @10%. In this case for HRA calculation the user will enter the code as under :-
After clicking HRA button the user will enter code only in the month of Nov'17, Apr'18 and Apr'19, i.e. the months when there is a change of HRA rate payable and leave blank other months boxes. (Please note that the system auto treats blank boxes as per previous rate entered.)
(i) 100 (code for 10% HRA) in Nov'17 month.
(ii)101 (code for 9% HRA) in Apr'18 month.
(iii)100 (code for 10% HRA in Apr'19 month.
The above example will now clarify users that code are to be filled first when it is started payable i.e. Nov'17 or the month when it first becomes payable and later to be filled only in the month there was any change took place and no need to enter in all the other months, as the system auto calculate your salary on the basis of previous rate entered.