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| Pay Fixation Discuss all issues about revised pay fixation. |
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12-02-2009, 09:18 PM
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Senior Member
Join Date: Sep 2008
Location: Delhi NCR
Posts: 557
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Methodology for rounding off
MoF vide OM No.1/1/2008-IC dated 29.01.2009 clarifies as under In revised pay structure, paise should be ignored, but any amount of a rupee or more should be rounded off to next multiple of 10. To illustrate, if the amount of increment comes to Rs.1900.70 paise then the amount will be rounded off to Rs.1900; if the amount of increment works out to be Rs.1901, then it will be rounded off to Rs.1910. |
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