LIC ASSISTANT NEW SALARY AFTER WAGE REVISION

LIC ASSISTANT
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Good evening aspirants, Hope you all doing well. Today’s article  is about the new updated salary of LIC assistant post after the implementation of wage revision on 15/04/2021. Hope you find this informative and helpful.

Name of the organisation : LIC (life insurance corporation)

Name of the post : Assistant

*On 15th april 2021, New wage revision for Assistant posts has been implemented under Life Insurance Corporation of India Class III and Class IV Employees (Revision of Terms and Conditions of Service) Rules, 1985.

Salary

New basic salary : Rs. 23,465-1,375(1)-24,840-1,500(2)-27,840-Rs. 23,465-1,375(1)-24,840-1,500(2)-27,840-1,690(5)-36,290-1,960(2)-40,210-2,390(3)-47,380-2,480(2)-52,340-2,645(5)-65,565

DA rate : 29.92% (For every four points in the quarterly average of the AICPI above 6352 points, a Class III or a Class IV employee shall be paid dearness allowance at the rate of 0.08 % of Pay)

Allowances : Assistants appointed as receiving and paying Cashiers — Rs. 3,530/- per month

HRA :10/8/7% of basic pay

CCA : 3/2.5/2 % of basic pay

Special Allowance : Rs. 2000 for Assistant

Gross salary

  • Rs. 35536 (For 10% HRA & 3% CCA)
  • Rs. 34900(For 8% HRA & 2.5% CCA)
  • Rs. 34500(For 7% HRA & 2% CCA)

Deduction

  • NPS : 10% of( basic + DA) = Rs. 3048
  • Income tax (If applicable in respective tax slab)

Net Salary 

  • Rs. 32500 (For 10% HRA & 3% CCA)
  • Rs. 31900(For 8% HRA & 2.5% CCA)
  • Rs. 31500(For 7% HRA & 2% CCA)

For  official wage revision GAZETTE, Click Here

For more articles on lic assistant, Click here

 

 

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