ICAI/HRD(P)/43/2010

HRD (P) 13th October, 2010

CIRCULAR

To,

All Employees from the level of Peon and equivalent cadres to the level of Section Officer (SU) and equivalent cadres.

In continuation of the Circular No. ICAI / HRD (P) /31/2010 dated 22nd July, 2010 on the revision of pay, it is informed to the concern that – Employee can excise an option to fix the pay in the revised scale on 01.01.06 OR on accrual of next increment of subsequent increment OR on the date of promotion already given to them on or after 01.01.06. Accordingly, all employees in the level of Assistant and equivalent cadres can excise option on or before 25.10.2010 otherwise it is presumed that no option is exercised and the pay has been fixed without option. Form of Option– on revision of pay is available on the intranet of the Institute. If an employee who has been promoted during the period 01.01.2006 and 30.09.2008 between 2nd January to 30th June of a particular year, he will not get his increment on 1st July of that year but they can opt to get his pay fixed from the date of his next increment, then on the date of promotion, pay in the pay band shall continue unchanged but the grade pay of higher post will be granted. Further, re-fixation will be done on the date of his next increment i.e., 1st July of the year. On that day, he will be granted two increments, one annual increment and the second on account of promotion. While computing these two increments, basic pay prior to the date of promotion shall be taken into account. Hence, the fixation shall be done on the above basis for those cases whose promotion fall between 2nd January to 30th June of a particular year. For that purpose, employee is required to give option if he/she desires, on or before 25.10.2010 otherwise it is presumed that no option is exercised and the pay on promotion has been fixed without option. Form of Option– on promotion is available on the intranet of the Institute. Subject to audit, statement of revised pay fixation of individual concerned will be given separately and payment of arrears and further settlement of dues will be made subsequently. For that purpose, the employees concerned are requested to given an undertaking on or before 25.10.2010 to the effect that any excess payment that may be found to have been made as a result of incorrect fixation of pay or any excess payment detected in the light of discrepancies noticed subsequently will be refunded by the employee concerned to the Institute either by adjustment against future payments due to him or otherwise. The Undertaking form is also available in the intranet of the Institute.

(CA. Tapas Datta) Addl. Director (HRD, P&A)

Copy to President’s / Vice-President’s / Secretary’s Secretariat EDP Section : for hosting on website Regional Heads and DCO’s

Option Form - Revision of Pay

Form of Option- On Promotion

Undertaking