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Thread: rouding up of increment

  1. #1
    Junior Member Sanjay V. Prabhu is on a distinguished road
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    Default rouding up of increment

    As per the pay rules of 2008 increment should be calculated at 3% and rounded off to the multiple of next 10. I would like to get some clarification regarding this. If my 3% works out to 960.60 what should be my increment? 960.00? or 970.00?

  2. #2
    Senior Member Victor is on a distinguished road
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    The answer is Rs. 960/- in line with Clarification No. 4 of MOF OM dated 29.1.2009 (http://finmin.nic.in/6cpc/fno1108dt290109.pdf)

    Victor

  3. #3
    Junior Member Sanjay V. Prabhu is on a distinguished road
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    Thank you sir

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