AN OVERALL ROUGH ESTIMATE OF TENTATIVE LOSSES

INCURRED DUE TO CORRUPT BPS SYSTEM RUNNING IN

NEXUS WITH IBA AND UFBU DELAYED AS MUCH AS 3 YEARS
EVERY TIME
TABLE 1 ANNUAL PAY PACKAGE AND ARREAR , TAX, LOSS BREAKUP OF SUBSTAFF, CLERK,
OFFICER SCALE I TO SCALE III AFFECTED BY DELAYED BPS OF PSU BANKS

Substaff Clerk Officer

SL SALARY Starting Pay After 3 Starting Pay After 3 Years Scale I Scale II Scale III
NO. COMPONENT Years Pay Pay
Starting Pay After 3 Years Starting Pay After 3 Years Starting Pay After 3 Years
(Rs) (Rs) (Rs) Pay Pay Pay
(Rs)
(Rs) (Rs) (Rs) (Rs) (Rs) (Rs)

A BASIC 9560 10535 11765 13730 23700 26640 31705 35470 42020 45950

B DA (61.10 % 5841 8428 7188 10984 14481 21312 19372 28376 25674 36760
As on Feb 2019
* *80.00% On
Feb 2022 )

C HRA ( Max 956 1054 1177 1373 2133 2398 2853 3192.3 3782 4136
10% Substaff
& clerk)
9% Officers

D SPL ALLOW 741 816 912 1064 1837 2065 2457 2749 3257 3561
(7.75%)

E DA -SPL 453 653 557 851 1122 1652 1501 2199 1990 2849
ALLOW
61.10 % As on
Feb 2019
* *80.00% On
Feb 2022 )

F TRANSPORT 425 425 425 425

ALLOW

G GROSS PAY 17976 21911 22024 28427 43273 54067 57888 71986 76723 93256

H ANNUAL PAY 215712 262932 264288 341124 519276 648804 694656 863832 920676 1119072

I Notional Hike 2629 3411 6488 8638 11191

in Gross
pay/Month
assuming 12%
Hike on pay
slip
components

J Notional Gross 94644 122796 233568 310968 402876

Arrear
accumulated
for 36 Months
( I X 36)

K If RD opened 11710 15193 28898 38474 49845

for 36 Months
Of Notional
Gross Hike
( I X 36)
Interest
amount
@7.5%

L Levy Paid on 3786 4912 4671 6219 8058

arrear
**(Substaff &
Clerk 4%
Officer-2%)

M TOTAL 357576 463920 882372 1174800 1521948

GROSS PAY
(H+J)

N DEDUCTIONS 74316 81457 109942 129015 151652

(NPS+STAND
ARD
DEDUCTION+
PROF TAX)

O TAXABLE 283260 382463 772430 1045785 1370296

INCOME(INC
LUDING
ARREAR OF
BPS)

P INCOME TAX 1663 6623 29486 84157 161089

TABLE 2 ANNUAL PAY PACKAGE AND ARREAR , TAX, LOSS BREAKUP OF CHIEF MANAGER
(SCALE IV) TO GENERAL MANAGER (SCALE VII)AFFECTED BY DELAYED BPS OF PSU BANKS

SCALE IV SCALE V SCALE VI SCALE VII

SL SALARY Starting Pay After 3 Starting Pay After 3 Years

NO. COMPONENT Years Pay Pay

(Rs) (Rs) (Rs) (Rs) Starting Pay After 3 Years Starting Pay After 3 Years
Pay Pay

(Rs) (Rs) (Rs) (Rs)

A BASIC 50030 54410 59170 64270 68680 74560 76520 82880

B DA (61.10 % 30568 43528 36153 51416 41963 59648 46754 66304

As on Feb 2019
* *80.00% On
Feb 2022 )

C HRA ( Max 4503 4897 5325 5784 6181 6710 6887 7459
9%)

D SPL ALLOW 5003 5441 5917 6427 7555 8202 8417 9117
(SCALE IV -V-
10% SCALE
VI-VII -11%)

E DA -SPL 3057 4353 3615 5142 4616 6562 5143 7294

ALLOW
61.10 % As on
Feb 2019
* *80.00% On
Feb 2022 )

F TRANSPORT
ALLOW

G GROSS PAY 93161 112629 110180 133039 128995 155682 143721 173054

H ANNUAL PAY 1117932 1351548 1322160 1596468 1547940 1868184 1724652 2076648

I Notional Hike 13515 15965 18682 20766

in Gross
pay/Month
assuming 12%
Hike on pay
slip
components

J Notional Gross 486540 574740 672552 747576

Arrear
accumulated
for 36 Months
( I X 36)

K If RD opened 60197 71109 83211 92493

for 36 Months
Of Notional
Gross Hike
( I X 36)
Interest
amount
@7.5%

L Levy Paid on 9731 11495 13451 14952

arrear
**(Substaff &
Clerk 4%
Officer-2%)

M TOTAL 1838088 2171208 2540736 2824224

GROSS PAY
(H+J)

N DEDUCTIONS 169926 191223 213450 231421

(NPS+STAND
ARD
DEDUCTION+
PROF TAX)

O TAXABLE 1668162 1979985 2327286 2592803

INCOME(INC
LUDING
ARREAR OF
BPS)

P INCOME TAX 250449 343996 448186 527841

 TABLE 3 TOTAL ARREAR , RD INTEREST LOSS, LEVY PAID BREAKUP OF ALL WORKMEN AND
OFFICERS SCALE I (MANAGER) TO SCALE VII (GENERAL MANAGER) OF ALL PSU BANKS ( PVT
BANKS EXCLUDED) DUE TO DELAYED BPS ( Approx 36 Months assumed)

RANK A B C D E F G
No. of Notional Total Arrear RD interest Total RD interest Loss Levy Total Levy paid
Head Arrear/He (BXA) (Rupees Crores) loss/Head SL (DXA) Paid/He (FXA)
ad for 36 NO. K of (Rs Crores) ad (Rs Crores)
Month (SL Table 1 & (Rupees)
NO. J of Table 2
Table 1 & (Rupees)
Table 2
(Rupees)

Substaff 127472 Rs 94644 Rs 1206.44 Crores Rs 11710 Rs 149.26 Crores Rs 3786 Rs 48.26 Crores

Clerks 321363 Rs 122796 Rs 3946.20 Crores Rs 15193 Rs 488.24 Crores Rs 4912 Rs 157.85 Crores

Total 448835 Rs 5152.64 Crores Rs 637.50 Crores Rs 206.11 Crores

Workmen
Scale I 178166 Rs 233568 Rs 4161.38 Crores Rs 28898 Rs 514.86 Crores Rs 4671 Rs 83.22 Crores

Scale II 106377 Rs 310968 Rs 3307.98 Crores Rs 38474 Rs 409.27 Crores Rs 6219 Rs 66.15 Crores

Scale III 58287 Rs 402876 Rs 2348.24 Crores Rs 49845 Rs 290.53 Crores Rs 8058 Rs 46.96 Crores

Scale I to 342830 Rs 9817.60 Crores Rs 1214.66 Crores Rs 196.33 Crores

III
Scale IV 25751 Rs 486540 Rs 1252.88 Crores Rs 60197 Rs 155.01 Crores Rs 9731 Rs 25.05 Crores

Scale V 7427 Rs 574740 Rs 426.85 Crores Rs 71109 Rs 52.81 Crores Rs 11495 Rs 8.53 Crores

Scale IV 33178 Rs 1679.73 Crores Rs 207.82 Crores Rs 33.58 Crores

to Scale V
Scale VI 2116 Rs 672552 Rs 142.31 Crores Rs 83211 Rs 17.60 Crores Rs Rs 2.85 Crores
13451

Scale VII 659 Rs 747576 Rs 49.26 Crores Rs 92493 Rs 6.09 Crores Rs Rs 0.99 Crores
14952

Scale VI 2775 Rs 191.57 Crores Rs 23.69 Crores Rs 3.84 Crores

to Scale
VII
GRAND 827618 Rs 16841.54 Crores Rs 2083.67 Crores Rs 439.86 Crores
TOTAL
ASSUMPTIONS :
ALL EMPLOYEES OFFICERS NOT AVAILED ANY LOAN
ALL EMPLOYEES OFFICERS NOT HAVING ANY TAX SAVER SCHEMES
DA RATE ASSUMED INCREASES 6% PER ANNUM
CCA ALLOWANCE AND PERQUISITES AND PROFESSIONAL QUALIFICATIONS NOT TAKEN FOR CALCULATION
STANDARD DEDUCTION – Rs 50000/-

INCOME TAX SLAB AS PER BUDJET FY 2019-20 PROF TAX :

UP TO 2.5 LACS -NIL UPTO 10K- NIL
2.5-5.0 LACS - 5% 10K- 15K – Rs 110
5.0-10 LACS -20 % 15K- 25K- Rs 130
> 10.00 LACS- 30% 25K- 40K- Rs 150
>40k- Rs 200
SUMMARY OF TABLES :
Total No. Of Workmen +Officers = (448835+ 378783) =
827618
Total Arrear of Workmen : Rs 5152.64 Crores
Total Arrear of Bank Officers : Rs 11688.90 Crores
________________________________________________
_____
Total Arrear: Rs 16841.54 Crores

Total Intt on RD @7.5% P.a Loss due to delayed BPS of

36 Months by Workmen : Rs 637.50 Crores

Total Intt on RD @7.5% P.a Loss due to delayed BPS of

36 Months by Officers : Rs 1446.17 Crores

Total Levy Paid @ 4% on arrear amount by

Workmen**: Rs 206.11 Crores

Total Levy Paid @2% on arrear amount by Officer** :

Rs 233.75 Crores

**(Here assumption is made levy paid by all officers

from Scale I to Scale VII and all Workmen as non
members of Union is very less)

TENTATIVE INTEREST EARNED BY BANKS BY

LENDING CAPITALS SAVED ON SALARY BY DELAYED
BPS OF 3 YEARS ( ASSUMED INTEREST RATE 8.65% P.A)

Total Arrear Amount of 36 Months delayed BPS :

Rs 16841.54 Crores ie, Rs 5613.84 Crores per year
available for lending or investing in market.
If Banks lend and disburse Rs 5613.84 crores every
year for next 3 years and if the loan accounts
remains regular and not turns NPA, then it will earn
Interest amount as follows:

A)1st Year:
Loan Exposure: Rs 5613.84 Crores
Rate Of Interest : 8.65% per annum
Repayment 3 years
Principal repaid during the year: 1712.51 Crores
Interest Earned during the year: 418.76 Crores
Otg Bal at the end of year : 3901.33 Crores
B)2nd Year:
Total Loan exposure: Rs 5613.84 Crores +
Rs 3901.33 Crores = Rs 9515.17 Crores
Rate Of Interest : 8.65% per annum
Repayment 3 years
Principal repaid during the year: Rs 3579.16 Crores
Interest Earned during the year: Rs 683.37 Crores
Otg Bal at the end of year : Rs 5936.01 Crores

C)3rd Year:
Total Loan exposure: Rs 5613.84 Crores + Rs
5936.01 Crores = Rs 11549.85 Crores

Rate Of Interest : 8.65% per annum

Repayment 3 years
Principal repaid during the year: Rs 5613.84 Crores
Interest Earned during the year: Rs 779.96 Crores
Otg Bal at the end of year : Rs 5936.01 Crores

TOTAL INTEREST EARNED IN 3 YEARS : Rs

418.76 Crs + Rs 683.37 Crs + Rs 779.96 Crs= Rs
1882.09 Crores
 TABLE 4 EFFECTIVE PERCENTAGE HIKE RANKWISE AFTER
ADJUSTING LOSS INCURRED DUE TO INTEREST LOST ON RD, LEVY
PAID, INCOME TAX, STRIKES DUE TO DELAYED BPS OF 3 YEARS
A B C D E F G H I J
RANK Gross Gross RD Levy Income Strike(LWP) TOTAL Loss Monthly Effective Actual
Pay at Monthly Interest Paid Tax Loss (10 (C+D+E+F) loss Notional Percentage
the 3rd Notional lost (Rs) (Rs) days (Rs) in 3 (G/36) Monthly Hike %
year Hike
@7.5% strike in 3 years delay
Hike (B- (I/A x
(Rs) @12% (Rs) H) 100)
(Rs) for 36 years of BPS
months Delay of
(Rs) BPS
(Rs)
Substaff 21911 2629 11710 3786 1663 6648 23807 661 1968 9%
Clerk 28427 3411 15193 4912 6623 8409 35137 976 2435 8.56%
Scale I 54067 6488 28898 4671 29486 16223 79278 2202 4286 7.92%
Scale II 71986 8638 38474 6219 84157 21646 150496 4180 4458 6.19%
Scale 93256 11191 49845 8058 161089 28330 247322 6870 4321 4.63%
III
Scale 112629 13515 60197 9731 250449 Nil 320377 8899 4616 4.09%
IV
Scale V 133039 15965 71109 11495 343996 Nil 426600 11850 4115 3.09%
Scale 155682 18682 83211 13451 448186 Nil 544848 15135 3547 2.27%
VI
Scale 173054 20766 92493 14952 527841 Nil 635286 17647 3119 1.80%
VII