Bank Officer Salary Calculator
What is Bank Officer Salary Calculator?
Bank Officer Salary Calculator is an online tool that helps officers working in banks to calculate their total salary. An officer’s salary in a bank includes many things – like basic salary, DA (Dearness Allowance), HRA (House Rent Allowance), CCA (City Compensatory Allowance), Learning Allowance and Special Allowance. Calculating all these can be a headache, but with this calculator, this job is done in just a few minutes! You just have to select a few simple things, and your total salary will be in front of you.
What are the benefits of this calculator?
Simple and fast: You just have to select a few options, and your salary will be calculated immediately.
Clear information: You get all the details of your salary – basic salary, DA, HRA, CCA, Learning Allowance and Special Allowance.
Useful for planning: This information is very useful if you want to set your budget or save money for the future.
For different scales: There are different levels of officer in the bank from scale 1 to scale 7, and this calculator works for everyone.
How to use the bank officer salary calculator? – Step by step guide
This calculator is very easy to use. You just have to follow the steps below, and your salary will be in front of you!
- Step 1: Select your scale
There are different levels of officers in the bank, which are called scales. First, select your scale – scale 1, scale 2, scale 3, scale 4, scale 5, scale 6 or scale 7. For example, if you are a new officer, your scale might be scale 1.
- Step 2: Select your basic salary
Each scale has different basic salaries. After selecting the scale, you will see the option of basic salary. You will know what your basic salary is (e.g. Scale 1 starts at Rs 48,480). Select that amount.
- Step 3: Select HRA rate
HRA stands for House Rent Allowance, which is given as a percentage of your basic salary. You can choose 8%, 9% or 10%. This rate depends on the city you work in. For example, in a big city you can get 10%, while in a small city it is 8%.
- Step 4: Select CCA/Non-CCA
CCA stands for City Compensatory Allowance, which is given as per the city you work in. You can choose one option from 0, 1200, 1900 or 2300. If you are not getting CCA, then select 0.
- Step 5: Press ‘Calculate’ button
After selecting all the options, click on the ‘Calculate’ button. Immediately you will see your total salary and its details. This will include Basic Salary, DA, HRA, CCA, Learning Allowance and Special Allowance.
- Step 6: Reset
If you want to recalculate, press the ‘Reset’ button. This will allow you to re-select all the options.
What information does the calculator provide?
After you press the ‘Calculate’ button, you will get the following details:
- Basic Salary: The basic salary amount you have selected.
- DA (Dearness Allowance): This is currently 21.20%, which is calculated on the basic salary.
- HRA (House Rent Allowance): As per the percentage you have selected (8%, 9% or 10%).
- CCA (City Compensatory Allowance): The amount you have selected (0, 1200, 1900 or 2300).
- Learning Allowance: This is a fixed allowance, which is currently Rs 850 (calculated with DA).
- Special Allowance: This is determined by your scale – e.g. 26.5% for Scale 1, 30.5% for Scale 4, and 31.5% for Scale 7.
- Gross Salary: Your total monthly salary after getting all allowances.
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