CPSE Pay Revision 2017 -HRA and Lease Accommodation and House Rent Recovery (HRR)
3rd Pay Revision for CPSE : House Rent Allowance (HRA)/ Lease Accommodation and House Rent Recovery (HRR)
House Rent Allowance (HRA)/ Lease Accommodation and House Rent Recovery (HRR): Separate guidelines would be issued later on these allowances. Till then, the existing allowance at the existing rate may be continued to be paid at pre-revised pay scales.
9 .Perks & Allowances: The Board of Directors of CPSEs are empowered to decide on the perks and allowance admissible to the different categories of the executives, under the concept of ‘Cafeteria Approach’, subject to a ceiling of 35% of BP. Under the concept of ‘Cafeteria Approach’ the executives are allowed to choose from a set of perks and allowances. The recurring cost incurred on running and maintaining of infrastructure facilities like hospitals, colleges, schools etc. would be outside the ceiling of 35% of BP. As regards company owned accommodation provided to executives, CPSEs would be allowed to bear the Income Tax liability on the ‘non-monetary perquisite’ of which 50% shall be loaded within the ceiling of 35% of BP on perks and allowances.
10.Certain other perks & Allowances: Separate guidelines would be issued on location based Compensatory Allowance, Work based Hardship Duty Allowances and Non-Practicing Allowance. Till then the existing allowances at the existing rate would continue to be paid at the pre-revised pay scales.
|CPSE Pay Revision 2017||Fitment Benefit|
|CPSE Pay Revision 2017||Methodology for Pay Fixation|
|CPSE Pay Revision 2017||Promotion & Annual Increment|
|CPSE Pay Revision 2017||Dearness Allowance|
|CPSE Pay Revision 2017||HRA & HRR|
|CPSE Pay Revision 2017||Performance Related Pay (PRP)|
|CPSE Pay Revision 2017||Superannuation Benefits and Medical Benefits|
|CPSE Pay Revision 2017||Leave regulations/management|
|CPSE Pay Revision 2017||Date of Implementation and Payment of Allowances|