Hi All,
Can anybody help me figure out whether the stipend (20,800) mentioned in the below excerpt from the Notification of ECIL( Electronics Corporation of INdia) is the take-home pay or the CTC.
"The selected candidates will undergo training for a period of one year on a consolidated stipend of Rs. 20,800/- p.m.(approximately). In addition to stipend, the other benefits admissible are Medical, Conveyance Reimbursement, Subsidised Transport and Canteen facility, PF etc., as per rules of the Corporation. On successful completion of the training, they will be appointed as Engineer (Contract) for 3 years. On successful completion of Contract appointment, they will be absorbed as Technical Officer in the scale of pay of Rs.16400-40500."
Can you also help me understand the pay-scale Rs.16400-40500?
Is it take-home (net) salary or the gross CTC? How often & how much increments will take place in this pay scale?
Does ECIL offers grade pay as well? If so, is it applicable for employess under the afore mentioned pay-scale.
You may have a look at the attached file if you wish to know other details of the job which may help in answering the question.
I would be really great if you can spare some of your time and guide me.
Many Thanks
