What Is Consolidated Salary?

What is the mean of consolidation?

1 : the act or process of consolidating : the state of being consolidated.

2 : the process of uniting : the quality or state of being united specifically : the unification of two or more corporations by dissolution of existing ones and creation of a single new corporation..

What is a non consolidated pay award?

Non-consolidated performance-related payments are one-off, non-pensionable awards made to staff for their performance each year. Performance years in the Civil Service usually run from 1 April to 31 March.

What is the difference between basic pay and basic salary?

What is the difference between base salary and basic salary? The base salary is a subcategory of the basic salary, referring to the initial amount of the basic salary range which is given to the employee in the beginning. … Basic salary is the total amount (before any deductions) paid to employees plus the allowances.

What does non consolidated pay mean NHS?

The one-off non-consolidated cash lump sum will be paid in April 2019 and will appear on pay slips as “Non Consol Pay NP”. NP stands for non-pensionable. … the 1.1 per cent non-consolidated lump sum payments that a full-time staff member in bands 2-9 should receive.

Is consolidated salary good?

Is a job with grade pay salary good or is a consolidated salary good? … Consolidated salary contains all allowances but no bifurcation. PF to be deducted from the consolidated pay. TDS to be deducted if it is taxable income.

What does consolidated power mean?

Consolidation of power refers to the practice of dissolving or disbanding legislative, judicial and executive authorities and concentrating power in one or two offices or office holders. There are literally dozens of historical examples, from monarchies to elected governments, to individual dictatorships.

How much is the housing allowance for government employees?

Housing Allowance Structure As of 1st July 2015 the housing allowance paid to eligible employees is R1 200 per month. This will increase by inflation every year from 1st July 2017. Employees who are eligible to receive the housing allowance but do not own a house shall only receive R900 per month.

What is meant by consolidated pay?

Consolidated means “Joined together as a whole”, in its literal sense. Consolidated pay or salary a person is offered is the amount a person gets for the work done, on monthly/weekly/ basis. It consists of all the entitlements joined together, without specifically stating any breakups.

How much is house allowance in Kenya?

Area KSh. (3) A employee shall not be paid housing allowance of less than twenty per cent of the employee’s rate of wages. Payment of Wages.

What does consolidation mean medically?

[kon-sol″ĭ-da´shun] 1. solidification; the process of becoming solidified or the condition of being solid; said especially of the lung as it fills with exudate in pneumonia.

How much do chiefs earn in Kenya?

Assistant Chief earns a salary of between Ksh. 25,000 and Ksh. 35,000 per month while Chief’s salary ranges between Ksh. 35,000 to Ksh.

How much do job group K earn in Kenya?

Teachers Salaries & Allowances – 2015/16Civil Service Job GroupBasic SalaryGross SalaryJ24,66239,918K31,02056,590L35,91071,880M41,59083,84015 more rows

What is a consolidated employee?

The Consolidated Employment Contract (CEC), created in 1992, is a part-time employment contract (generally for 30 hours a week) for a 12-month fixed term, renewable up to a maximum of five years.

What is the difference between consolidated and non consolidated pay?

Consolidated pay is the total amount one can get as pay or salary. No other variable earnings and allowances like DA, HRA will be paid. Basic Pay is BASIC. That means some more additional allowances like DA, HRA can be added and the total amount will be called Gross pay.

What is an example of consolidation?

The definition of consolidation means the act of combining or merging people or things. An example of a consolidation is when two companies merge together. The merger of two or more commercial interests or corporations.