SSISTANT GENERAL MANAGER (For approval)

TAFFSUPERVISING: SHRI SUDHIRKUMAR MISHRA - MMGsII(PF NO, 5243418

AYMENT OF HOUSE RENT ALLoWANCE ON CAPITALCOST BASISW.E.F, 20/11/20L
ve officer, presently posted at our Natubhai Cricle branch as Manager (RMSE) has
Kumar Mishra is residing
hie yent of house rent allowance on capital cost basis. Shri Sudhir of 8 %% or
npasic
his pay
ownashouse at Vadodara Mishra is entitled to draw HRA @ 150%%
Shri Sudhir Kumar
applicable to Vadodara centre.

Sr. No. Amount

Particular
A
Computation of A
Total cost of the house 33,57,829.00
ii) 12% of the total cost 402939.00
ii) Annual Municipal Taxes, if any 3663.00
iv TOTAL of ii and ii 406602.00
v 1/12 of iv (notional rent p.m.) 33883.50
1.20 % of the 1st stage of basic
pay of the scale in which the officer is
Vi Substantively placed i.e. Rs. 42,020/ 504.24
(V-vi)
B Computation of B 33379.26
(Own House and not rented so not applicable)
One-twelfth of the annual rental value taken for 0.00
of the accommodation Municipal assessment
1.20% of the 1st
stage of basic pay of the scale in which the 0.00
i) substantively placed officer is
B
(i-i) 0.00
C
Computation of C 0.00
Higher of Aor B
D Computation of D 33379.26
150% of HRA
payable in terms of
13.2.1. Section
(8% of Basic Rs.45,950/-)
HRApayable on capital cost shall i.e.12%
be the lower of C or D 5514.00
We, therefore, recommend that 5514.00
cost basis of Rs.5,514/ wef Shri Sudhir Kumar Mishra
20/11/2017 may be paid house rent
allowance on capital

MANAGER (HR)
Date: 17/04/2018
CHIEF MANAGER (C&R)
Date: