https://www.taxtmi.com/news?id=15203 The Commission replaces pay bands and grade pay with a new pay matrix and prescribes a uniform fitment factor of 2.57, retains 3% annual increments, rationalises allowances through abolition or subsumption and introduces a nine cell Risk and Hardship Matrix; it revises pension fixation by notional pay in the new matrix with a choice between fifty percent of notional pay and a multiple of current basic pension (higher to apply), raises gratuity ceilings, revises Military Service Pay and expands medical and housing coverage for specified categories. en-us Fri, 20 Nov 2015 09:31:43 +0530 Fri, 20 Nov 2015 09:31:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15203 The Commission replaces pay bands and grade pay with a new pay matrix and prescribes a uniform fitment factor of 2.57, retains 3% annual increments, rationalises allowances through abolition or subsumption and introduces a nine cell Risk and Hardship Matrix; it revises pension fixation by notional pay in the new matrix with a choice between fifty percent of notional pay and a multiple of current basic pension (higher to apply), raises gratuity ceilings, revises Military Service Pay and expands medical and housing coverage for specified categories. News - Fri, 20 Nov 2015 09:31:43 +0530 https://www.taxtmi.com/news?id=15203