TSGENCO Assistant Engineer (AE) Salary 2024 | TS GENCO Pay Scale, Slip, Monthly In Hand Payment

TSGENCO Assistant Engineer (AE) Salary 2023 [Calculations]

The calculation for the net in-hand monthly salary slip of a TSGENCO Assistant Engineer (AE) in 2023:

Total Earnings Components:

• Basic Pay: ₹65,600/-
• Generational Allowance: ₹21,320/-
• Dearness Allowance (22.5% of Basic): ₹14,760/-
• Dust Allowance: ₹275/-
• House Rent Allowance (HRA, based on location): Between ₹7,216/- and ₹15,744/-
• PLF Allowance (Performance-based): Between ₹1,800/- and ₹2,200/-
• Medical Allowance: ₹1,350/-
• Transport Allowance: ₹1,200/-

Total Earnings = Sum of the above components.

Total Deductions:

• Professional Tax + SFMS: ₹200 + ₹1,000 = ₹1,200/-
• EPF + Income Tax: ₹9,450 + ₹8,800 = ₹18,250/-

Net In-Hand Monthly Salary = Total Earnings - Total Deductions.

Now, let's calculate:

For example, with minimum HRA:

• Total Earnings = ₹65,600 + ₹21,320 + ₹14,760 + ₹275 + ₹7,216 + ₹1,800 + ₹1,350 + ₹1,200 = ₹113,501/-
• Total Deductions = ₹1,200 + ₹18,250 = ₹19,450/-
• Net In-Hand Monthly Salary = ₹113,501 - ₹19,450 = ₹94,051/-

For example, with maximum HRA:

• Total Earnings = ₹65,600 + ₹21,320 + ₹14,760 + ₹275 + ₹15,744 + ₹2,200 + ₹1,350 + ₹1,200 = ₹122,449/-
• Total Deductions = ₹1,200 + ₹18,250 = ₹19,450/-
• Net In-Hand Monthly Salary = ₹122,449 - ₹19,450 = ₹103,999/-

So, the net in-hand monthly salary for a TSGENCO Assistant Engineer (AE) in 2023 can be either ₹94,051/- (with minimum HRA) or ₹103,999/- (with maximum HRA), depending on the HRA rate applicable to the employee's location. This simplified calculation breaks down the process into clear steps.

TSGENCO AE Salary Perks & Allowances

 Here is a list of additional perks and benefits that are commonly offered to employees, which may be included in the compensation package for TSGENCO Assistant Engineers or similar positions:

1. Generational Allowance
2. Dearness Allowance (DA)
3. Dust Allowance
4. House Rent Allowance (HRA)
5. Performance-Linked Financial (PLF) Allowance
6. Medical Allowance
7. Transport Allowance
8. Paid Leaves
9. Meal allowances
10. Loan facilities
11. Group Insurance Coverage
12. Training and Development
13. High Job Security

TSGENCO Assistant Engineer (AE) Job Profile & Work Type

TSGENCO Assistant Engineer (AE) Job Overview

Job Responsibilities:

TSGENCO Assistant Engineers (AEs) are responsible for power generation engineering tasks, including:

1. Estimation: Figuring out project costs.
2. Analysis: Identifying engineering needs through inspections.
3. Specifications: Creating project guidelines.
4. Quality Control: Making sure work meets standards.
5. Cost Management: Handling project finances.
6. Regulatory Compliance: Following rules and permits.
7. Reporting: Documenting rule compliance.
8. Improvements: Suggesting ways to do better.

Additional Duties:

AEs may also:

• Develop Technology: Create new power generation methods.
• Maintain Equipment: Fix power generation machines.
• Manage Facilities: Keep power plants running.
• Provide Support: Help coworkers with technical issues.
• Research: Study power generation improvements.

Work Locations:

AEs work at power plants, substations, and may also do office work. The job can have long hours and emergency calls but is rewarding for ensuring reliable electricity supply.

TSGENCO AE Salary & Promotions 

Here are some tips for TSGENCO AEs to improve their chances of promotion:

• Perform well in their current role.
• Take on additional responsibilities and challenges.
• Develop their technical and managerial skills.
• Build relationships with senior officials.
• Network with other professionals in the power industry.