What is the PF contribution rate?

The standard Provident Fund contribution is 12% of (Basic Pay + DA), with both employee and employer contributing equally.

12th Bipartite Settlement Salary Calculator

Name: 12th Bipartite Settlement Salary Calculator
Author: CalculatorBolt

Understand your new salary structure with our comprehensive 12th Bipartite Settlement Salary Calculator for Indian bank employees. Get a detailed estimate of your gross and take-home pay by inputting your basic pay, allowances, and location. This tool helps you plan your finances with clarity and confidence. Explore more tools on free calculators on CalculatorBolt.

Calculate Your Salary

Pay Scale / Grade

Select your position

Basic Pay (₹)

Your basic salary as per 12th BPS

Dearness Allowance (DA %)

Revised quarterly. Current rate: ~42.50%

Other Monthly Allowances (₹)

Special allowance, transport, etc.

City Tier (for HRA Calculation)

Tier X (16%)
Mumbai, Delhi, etc. Tier Y (10%)
Other cities Tier Z (8%)
Smaller towns

Deductions

Provident Fund (PF %)

Usually 12% of (Basic + DA)

Professional Tax

State-specific professional tax

Other Deductions (₹)

Insurance, loans, etc.

Salary Breakdown

Estimated Net Salary (Take-Home)

₹0

Estimated Gross Salary

₹0

Component	Amount (₹)
Earnings
Basic Pay	0
Dearness Allowance (DA)	0
House Rent Allowance (HRA)	0
Other Allowances	0
Total Earnings (Gross Salary)	0
Deductions
Provident Fund (PF)	0
Professional Tax	0
Other Deductions	0
Total Deductions	0
Net Salary (Take-Home)	0

Calculation Method

Based on the 12th Bipartite Settlement structure. HRA rates: Tier X = 16%, Tier Y = 10%, Tier Z = 8% of Basic Pay. PF calculated on (Basic Pay + DA). Note: This does not include income tax deductions.

HRA City Tier Classification

Tier X Cities (16% HRA):

Mumbai
Delhi
Chennai
Kolkata

Tier Y Cities (10% HRA):

Bangalore
Hyderabad
Pune
Ahmedabad
Other major cities

Tier Z Cities (8% HRA):

Smaller cities
Towns
Rural areas

Recent DA Revision History

Period	DA Rate (%)
Nov 2023 - Jan 2024	42.50%
Aug 2023 - Oct 2023	41.75%
May 2023 - Jul 2023	41.00%
Feb 2023 - Apr 2023	40.25%

Note: DA is revised quarterly. Check latest IBA circulars for current rates.

How It Works

The calculator is built around the components of the 12th BPS. It calculates your earnings by adding Basic Pay, Dearness Allowance (a percentage of Basic Pay), and House Rent Allowance (based on your city tier). It then subtracts standard deductions like Provident Fund and Professional Tax to give you an estimated net salary.

Inputs Explained

Basic Pay: The foundational component of your salary, as per your grade in the 12th BPS.
Dearness Allowance (DA %): An allowance to counter inflation, revised quarterly. Enter the current rate for the most accurate result.
City Tier: HRA is a major component and varies significantly between metro (Tier X) and other cities. Select the tier that matches your place of posting.

Example

A Probationary Officer in Mumbai (Tier X) with a Basic Pay of ₹41,960 and the current DA of 42.50% would have a Gross Salary of ₹85,320. After deducting PF (₹7,656) and Professional Tax (₹200), the estimated Take-Home Salary would be ₹77,464.

Tips & Notes

The DA rate is updated quarterly. Check the latest IBA circulars or our "Advanced Options" section for the most recent figure.
Some banks may have additional special allowances or different HRA percentages. Use the "Other Allowances" field to account for this.
This calculator does not account for income tax, which depends on your tax regime and investments.
Professional tax varies by state. Select your state of employment for accurate calculation.

FAQs

The 12th Bipartite Settlement is a wage agreement between the Indian Banks' Association (IBA) and bank employee unions that determines salary structure, allowances, and benefits for public sector bank employees in India.

DA is calculated as a percentage of Basic Pay and is revised quarterly based on the Consumer Price Index (CPI). The current DA rate is approximately 42.50% (as of late 2023).

HRA rates under the 12th BPS are: Tier X cities (metros like Mumbai, Delhi) - 16%, Tier Y cities - 10%, and Tier Z cities - 8% of Basic Pay.

Yes, the 12th BPS applies to all public sector banks in India. However, individual banks may have additional allowances or specific policies that can affect the final salary.

Differences can occur due to special allowances, bank-specific policies, income tax deductions, loan EMIs, insurance premiums, state-specific professional tax variations, and other individual deductions not captured in this general calculator.

Dearness Allowance is revised quarterly (every three months) based on changes in the Consumer Price Index for Industrial Workers (CPI-IW).

Disclaimer

Important: This calculator provides an estimate based on the publicly available framework of the 12th Bipartite Settlement and is for informational purposes only. It is not an official financial statement. Actual salaries may vary based on individual bank policies, state-specific rules, and other variable components. Please consult your official payslip or HR department for precise figures.