CLASSIFICATION OF CITIES FOR HRA

'X' Cities - 30% HRA

States	Cities Classified as "X"
Andhra Pradesh	Hyderabad (UA)
Delhi	Delhi (UA)
Karnataka	Bangaluru (UA)
Mahrashtra	Greater Mumbai (UA)
Tamilnadu	Chennai (UA)
West Bengal	Kolkatta (UA)

'Y' Cities - 20% HRA

States	Cities Classified as "Y"
Andhra Pradesh	Vijayawada (UA, Warangal, (UA), Vishkhapatnam (UA), Guntur
Assam	Guwahati (UA)
Bihar	Patna (UA)
Chandigarh	Chandigarh
Chattisgarh	Durg-Bhilai Nagar (UA), Raipur (UA)
Gujarat	Ahmedabad (UA), Rajkot (UA), Jamnagar (UA), Bhavnagar (UA), Vadodara (UA), Surat (UA)
Haryana	Faridabad*
Jammu & Kashmir	Srinagar (UA), Jammu (UA)
Jharkhand	Jamshedpur (UA), Dhanbad (UA), Ranchi (UA)
Karnataka	Belgaum (UA), Hubli-Dharwad, Mangalore (UA), Mysore (UA)
Kerala	Kozhikode (UA), Kochi (UA), Thiruvananthapuram (UA)
Madhya Pradesh	Gwalior (UA), Indore (UA), Bhopal (UA), Jabalpur (UA)
Maharashtra	Amravati, Nagpur (UA), Aurangabad (UA), Nashik (UA), Bhiwandi (UA), Pune (UA), Solapur, Kolhapur (UA)
Orissa	Cuttack (UA), Bhubaneswar (UA)
Punjab	Amritsar (UA), Jalandhar (UA), Ludihiana
Pondicherry	Pondicherry (UA)
Rajasthan	Bikaner, Jaipur, Jodhpur (UA), Kota (UA)
Tamilnadu	Salem (UA), Tiruppur (UA), Coimbatore (UA), Madurai (UA)
Uttarkhand	Dehradun (UA)
Uttar Pradesh	Moradabad, Meerut (UA), Ghaziabad*, Aligarh, Agra (Ua), Bareilly (UA), Lucknow (UA), Kanpur (UA), Allahabad (UA), Gorakhpur, Varanasi (UA)
West Bengal	Asansol (UA)

only for the purpose of extending HRA on the basis of dependency

Remaining cities/towns which are not covered under "X" or "Y" are classified as "Z" for the purpose of HRA.

NO PROPOSAL TO DECLARE DA AS DEARNESS PAY, AFTER DA CROSSES 50% IS UNDER CONSIDERATION OF THE GOVERNMENT

GOVERNMENT OF INDIA – MINISTRY OF FINANCE – LOK SABHA

UNSTARRED QUESTION NO 859 / ANSWERED ON 25.02.2011

DA OF CENTRAL GOVERNMENT EMPLOYEES

859 . Smt. P. JAYA PRADA NAHATA 

NEERAJ SHEKHAR
YASHVIR SINGH

Will the Minister of FINANCE be pleased to state:-

(a) whether Government has plans to increase dearness allowanceeffective from January,2011 for Central Government employees with a rate that commensurates with the inflationary trends and plights of working class in the past few months;

(b) if so, the details thereof and if not, the reasons therefore;

(c) whether Government has any proposals to declare DA as Dearness Pay when it will cross 50 per cent, as it was done during the 5th Pay Commission;

(d) if so, the details thereof; and

(e) if not the reasons therefore?

ANSWER

MINISTER OF THE STATE IN THE MINISTRY OF FINANCE (SHRI NAMO NARIAN MEENA)

(a)&fb): Increase in Dearness Allowance payable to Central Government employees with effect from January, 2011 will be worked out on basis of accepted formula which is based on the recommendation of 6th Central Pay Commission.

(ch(d) &(e): No proposal to declare DA as dearness pay, after DA crosses 50% is under consideration of the Government. The Sixth Pay Commission did not recommend merger of dearness allowance with Basic Pay at any stage. Government accepted this recommendation vide Government of India Resolution dated 29.8.2008.

 Source : http://aipcwea.blogspot.com

How to calculate GPF Interest?

How to Calculate General Provident Fund Interest:

This question may look simple but in reality a small calculation error in GPF interest calculationmay cost you more. This is because compound interest in the long run may fetch you lot of money and if you are on the loosing side of the calculation error you will ever regret as once you have certified the correctness of the GPF statement given to you every year without properly verifying the same it will be a herculean task to set right it later on if you GPF account has any calculation mistake.

So be sure that the GPF interest calculation are correct and deposits made are properly accounted for before you certify the correctness of the GPF Statement. Normally, the correctness of the GPF statement has to be questioned by you within 3 months of the receipt of the same. Otherwise the same will be deemed to be certified by you as correct.

This GConnect GPF interest calculation tool will calculate the GPF interest taking in to account the monthly deposits made, advance or withdrawal made etc.

This is the formula to calculate GPF Interest:

(Total of monthly interest bearing GPF balance/12)*(interest rate*100)

Note this formula for academic interest but never do your GPF interest calculation manually any more as we have provided this easy to use online GPF interest calculation tool.

How to use this Tool?

Just fill up four fields. 1. Opening Balance of GPF at the beginning of the year, 2. Monthly subscription amount, 3. monthly advance recovery if any and 4. rate of interest and click "Calculate GPF Interest" Button. That's it!

Your GPF work sheet is ready. You can change each editable field of the work sheet for modifying GPF subscription, monthly advance recovery etc for each month. This will be useful if you have variable monthly subscription amount or variable advance recovery amount to be entered.

If you have withdrawn or obtained GPF advance enter the same in the relevant month in the work sheet. When come out of the field after you make any modification in the GPF work sheet the tool will automatically re-calculate the results.

Keep in mind that when you click "Calculate GPF Interest" button the work sheet will be filled up with the calculations based on the values you have given in the entry sheet. So do not useCalculate GPF Interest button unless it is necessary if you have modified the GPF sheet.

Click here to Go to GConnect GPF Interest Calculator

Courtesy : http://www.gconnect.in/