Load Factor in Salary under 12h bipartite settlement is the quantum of increase over old basic pay after merging Dearness allowance. This concept was introduced in 10th bipartite wage revision with 2% and in 11th wage revision hiked to 2.5%.
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How To Calculate the BP With Load Factor ?
The Load factor components are additional increase over allowances like special allowance except pension, gratuity and commutation.
