Pension Calculation Formula:
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The 7th Pay Commission pension calculation for Karnataka government employees determines revised pension as 50% of the last basic pay plus dearness allowance (DA). This formula applies to employees retiring under the Karnataka government's pension scheme.
The calculator uses the standard pension formula:
Where:
Explanation: The calculation ensures pensioners receive 50% of their last drawn basic pay plus the applicable dearness allowance.
Details: Accurate pension calculation is crucial for retired government employees to understand their entitlements and plan their post-retirement finances accordingly.
Tips: Enter your last drawn basic pay in INR and the current DA percentage. Both values must be positive numbers (DA typically between 0-100%).
Q1: Is this calculator specific to Karnataka government employees?
A: Yes, this follows the Karnataka government's implementation of the 7th Pay Commission recommendations.
Q2: What if my DA percentage changes?
A: You should recalculate your pension whenever DA rates are revised by the government.
Q3: Does this include other allowances?
A: No, this calculates only the basic pension component. Other allowances may apply separately.
Q4: Is this applicable to family pension as well?
A: Family pension calculations may differ. Please consult official government orders.
Q5: Where can I find official government orders about this?
A: Refer to Karnataka government's Finance Department notifications regarding 7th Pay Commission implementation.