DCPS CALICULATION

8/18/2019 DCPS CALICULATION

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DCPS CALICULATION

DCPS was introduced by the state government with afect rom

!"#""#$!!%& It states that em'(oyees who are a''ointed ater date!"#""#$!!% shou(d be enro((ed or DCPS and not in )P*& This has

been ado'ted by the N+C !"#!%#$!""&

,ere are some scenarios in which we are encountering errors during

the ca(cu(ation 'rocess

"& There are variations in the 'ercentage o the contribution

ca(cu(ated or some o the em'(oyees&

$& N+C contribution has not been a''(ied or any o the em'(oyeesti(( A'ri( $!"" which are needed to be recovered&

-& There are instances where the em'(oyees are (end (oans rom

DCPS contribution which is not a((owed as 'er the norms stated

in the res'ective )./& In cases where (oans are issued to em'(oyees under DCPS0 the

amount has been tota((y recovered& In such cases whi(e the

interest is ca(cu(ated on their ba(ances0 due care shou(d be ta1en

to ta1e into account the shorta(( in their 'rogressive ba(ances

during recovery durations&



Pro'osed so(utions or the above Said Scenarios2

There are variations in the percentage of the contribution

calculated for some of the employees

*or each em'(oyee rom the date o 3oining into N+C by Considering the

Actua( 4asic0 )rade 'ay and Dearness A((owance 56'ected contribution wi((

ca(cu(ated and sum wi(( divided by number o months and it wi(( be recovered

rom em'(oyee on month(y basis & P(ease 7nd the be(ow e6am'(e or the saidscenario&

Empno

Date of Joining

DCPSCONTR!"TON E#pected

Recovered$mount

!alanceofRecovery

Di%erenceTill&'(')(*'++ inmonths

$dditional,onthlyRecovery for&' months -ibe

8$$%-!&!/&$!!9 :9!9/ $9!/$ /!!/$ -! "-

N,C contribution has not been applied for any of the employees

till $pril *'++ -hich are needed to be recovered&

5m'(oyees who ;oined Ater !"&""&$!!% and a((ing under DCPS scheme or

those em'(oyees N+C contribution or the DCPS was not a''(ied ti(( A'ri(

$!"" inc(uding A'ri(& *or those em'(oyees N+C contribution needs to be

credited&

Emp noDate of

Joining

N,C.S DCPSCONTR!"TON S/O"0D !E

Di%erenceTill&'(')(*'++in months

$dditionalContributionfrom N,C

8$$%-!&!/&$!!9 :9!9/ -! $$<!



n cases -here loans are issued to employees under DCPS1 the

amount has been totally recovered( n such cases -hile the

interest is calculated on their balances1 due care should be

ta2en to ta2e into account the shortfall in their progressive

balances during recovery durations(

So(ution "2 Ater due consideration o A''rova( o (oan and 5+I o the

(oan the ca(cu(ation goes as a((ows&

,ONT/

DCPSCONTR!"TON

0O$N$PPRO3ED$,O"NT

0O$NNST$00,ENT

,ONT/ END!$0$NCE

CumulatedProgressive4gure

Opening balance-!!!!&

!!

A'r="- $!!!-$!!!&

!!

+ay="- $!!! "!!!! "!!! $%!!!&!!

3un="- $!!! "!!!$9!!!&

!!

3u(="- $!!! "!!!-"!!!&

!!Aug=

"- $!!! "!!!-/!!!&

!!Se'=

"- $!!! "!!!-<!!!&

!!Oct=

"- $!!! "!!!/!!!!&

!!

Nov="- $!!! "!!!

/-!!!&!!

Dec="- $!!! "!!!

/:!!!&!!

3an="/ $!!! "!!!/8!!!&

!!*eb=

"/ $!!! "!!!%$!!!&

!!+ar=

"/ $!!!%/!!!&

!! /<"!!!&!!

NTEREST $PP0ED&)&)(&

5

NE6T 7E$R OPENN8 !$0$NCE9:)&)(

&5



A(ternative so(ution2 As a act that a(( the (oans are recovered by N+C

we can go orward with the be(ow mentioned 'rocess&

,ONT/

DCPSCONTR!"TON

0O$N

$PPRO3ED$,O"NT

0O$NNST$00,ENT

,ONT/ END!$0$NCE

CumulatedProgressive 4gure

Opening balance-!!!!&

!!

A'r="- $!!!-$!!!&

!!+ay=

"- $!!!-/!!!&

!!

3un="- $!!!-:!!!&

!!

3u(="- $!!!-9!!!&

!!Aug=

"- $!!!/!!!!&

!!Se'=

"- $!!!/$!!!&

!!Oct=

"- $!!!//!!!&

!!Nov=

"- $!!!/:!!!&

!!Dec=

"- $!!!/9!!!&

!!

3an="/ $!!!%!!!!&

!!*eb=

"/ $!!!%$!!!&

!!+ar=

"/ $!!!%/!!!&

!! %":!!!&!!

NTEREST $PP0ED&:;*(9

'



NE6T 7E$R OPENN8 !$0$NCE9::;*(

9'

>ou can observe very c(ear(y the c(osing ba(ance diference between

the c(osing ba(ance o em'(oyee with (oan consideration and the (oan withoutconsideration& I we consider the (oan and 5+I?s the Interest wi(( be -/-/&-9

and Ne6t year o'ening ba(ance wi(( be %</-/&-9&

I (oan and 5+I?s not a''(ied the ba(ance wi(( be %<<:$&

DCPS CALICULATION

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