Under this agreement made for 4 years, there is a monthly increase of Rs 1776 indirectly and Rs 15024 directly from the salary of Pune employees.
Employees Wage Revision There is great news for the employees of Tata Motors Company. Now the salary of the employees of Pune unit has increased. After the Jamshedpur plant of Tata Motors on Tuesday, 3 May, now the wage revision agreement of the employees of the Pune plant unit has been signed. This has led to an increase of about 17000 in the salary of 6 thousand employees. This amount will increase in three installments.
The special thing is that in Pune from 1 September 2021 to 31 August 2025, while the Jamshedpur unit has an agreement from 1 April 2022 to 31 March 2026. Under this agreement made for 4 years, there has been a monthly increase of Rs 1776 indirectly and Rs 15024 from the salary of the employees of Pune. Directly and indirectly, the monthly salary of the employees has increased by 16,800. The same in Jamshedpur. The direct monthly increase in the salary of the employees has increased by Rs 14000 and indirect monthly increase by 3000. In Pune, the total amount will increase in three installments and in Jamshedpur the amount will be increased in 4 years.
According to this agreement, there will be an increase of Rs 12600 in the first year, Rs 2520 in the second year and Rs 1680 in the third year. In the first year Rs 12600, basic will increase by Rs 7812, FDA by Rs 1260 and annual increment by Rs 69 i.e. monthly increase will be Rs 9141 in these three items. The same first year dress maintenance allowance will increase by Rs 884 and house rent allowance by Rs 937, while in indirect form PF at the rate of 12% will be Rs 1097, gratuity will be Rs 508 at the rate of 5.56 percent and PL encashment will be Rs 32 on existing allowances.
