11th Bipartite Wage Settlement was done in the month of November still many banks have not paid the arrears and revised salary to their employees but the demand of LEVY has come for the payment.
Public Sector Canara Bank along with other banks have issued the circular for payment of LEVY by employees to various unions of workmen and officers.
The mentioned circular has also given the option to choose for 'payment' or 'non payment' of Levy, which is to be opted before 30th Dec.
The rate of arrears are different as per the various Unions of Workmen and officers. The rate at which the levy is demanded by the Unions are :
1. Workmen Union - On an average 4% of (Gross Arrears - PF/NPS-Income tax)
2. Staff Federation - 3% of (Gross Arrears - PF/NPS-Income tax)
3. Officers Union - 2% of (Gross Arrears - Income tax)
It is also nice to see hear that the Canara Bank Officers Association (CBOA) & COO has not demanded any LEVY from their members, 'No Levy from the Members' : Canara Bank Officers Union (CBOO).
Where as the AIBEA has demanded for the Levy at 4% from their members, AIBEA Directs Union Members for LEVY @4% From Net Salary