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The 50th percentile (median) is the midpoint in the range of values, where 50% are higher than the figure given and 50% are lower. The 75th percentile marks where 75% of the reported values are lower than the figure given and 25% are higher.

The 7th CPC recommendations resulted in a significant increase in the salaries of central government employees. The basic pay was increased by 23.55%, and a new pay matrix with 18 pay levels was introduced. The allowances, such as dearness allowance, house rent allowance, and travel allowance, were also increased.

The salary formula for calculating salary is as follows: Salary = Basic + HRA + Transport Allowance + FBP Allowance + Bonus ? Provident Fund ? Income Tax ? Insurance. Basic Salary = Gross Salary ? Total Allowances. Result: The basic salary of Mr. X is ?45, 500, as shown below.

After careful consideration, employers will decide upon the budget they have for a given position. Here are some factors the help determine salaries: Data from market surveys: Employers contribute market pay studies and share their pay rates for similar positions in similar industries in the same area.

Many companies use the salary scale to calculate a salary by finding the midpoint. The midpoint of a salary scale is determined by adding the minimum and maximum wages of the salary range, then dividing by two.

The pay scale structure consists of 18 levels, starting from level 1 and going up to level 18. The minimum pay at level 1 is Rs. 18,000 per month, while the maximum pay at level 18 is Rs. 2,50,000 per month.

PB-1 (5200 to 20200) GP180024004197002790052030028700620900296007215003050037 more rows