Can an IAS have other sources of income?
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Can an IAS have other sources of income?
A closer scrutiny of immovable property returns (IPR) filed by officers reveals that a large number of them, both IAS and IPS, earn a substantial amount from other sources. The same holds true for IAS cadre officers as 150 of them have additional sources of income.
How can IAS earn extra income?
IAS officials and other civil servants may lawfully make crores of rupees by saving their salaries and investing them legally in equities, bonds, mutual funds, and real estate. When compared to the private sector, the salary following the 7th pay commission is still lower.
What is the side income of IAS officer?
The basic per month salary of an IAS officer starts at Rs. 56,100 (TA, DA, and HRA are extra) and can go on to reach Rs. 2,50,000 for a Cabinet Secretary….IAS Officer Salary – 7th Pay Commission.
| Level | Basic Pay | Total IAS Salary |
|---|---|---|
| Entry-level (starting salary) | 56100 | 56100 – 132000 |
What perks does an IAS officer get by the government?
Below we have attempted to describe the perks, facilities, and benefits that an IAS officer receives, which he gets by the government in addition to the salary. As per the 7th pay commission, now the Entry-level IAS officer Basic Pay is Rs. 56,100 and the Dearness allowances Travel Allowances, and House rental allowance will be extra.
What is the salary of IAS officer after 7th Pay Commission?
IAS Officer Salary – After 7th pay commission. As per the 7th pay commission, now the Entry-level IAS officer Basic Pay is Rs. 56,100 and the Dearness allowances Travel Allowances, and House rental allowance will be extra. IAS officer’s salary increase depending on their experience and their respective ranking.
Can an IAS/IPS officer earn extra income legally?
However, they can earn extra income legally from the following sources They can take lectures in other government departments and universities and earn Honorium for the lecture IAS, IPS, IRS and other service government officers are not allowed to engage in any business or profession while in service.
What is deardearness Allowance (DA) for IAS?
Dearness Allowance (DA) – It is an extremely important part of the salary of an IAS officer as it is increased by the Government at regular intervals. It has even increased up to 103\% of the basic pay. Thus, DA can directly increase the IAS Salary