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IP and TAFS Salary - An Overview of Pay and Benefits of IP & TAFS

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The Indian P&T Accounts and Finance Service (IP & TAFS) is a prominent service under the GoI. It plays a crucial role in managing financial and accounts matters of various departments and ministries. The service offers diverse career opportunities and attractive compensation packages. 

In this article, we will delve into the details of IP & TAFS salary. The article also includes the IP & TAFS in hand salary during the probation period, grade-wise salary structure, perks, and benefits.

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IP and TAFS Salary

The Indian P&T Accounts and Finance Service salary is designed to attract and retain talents for key financial positions within the government. The compensation package is competitive. It offers several benefits, making it an attractive career option. Let's explore the different aspects of IP and TAFS salary.

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IP and TAFS in hand Salary during the Probation Period
  • During the probation period, candidates selected for IP and TAFS receive a stipend. The exact amount may vary, but typically, it is around ₹56,100 per month. 
  • This period serves as a training phase. It allows probationers to gain knowledge and experience in their designated roles. 
  • It is an essential phase in their career development. It provides an opportunity to understand the responsibilities and functions of the service.

Click on the link to learn more about the Indian Police Services (IPS) Salary!

Grade Wise Salary of IP and TAFS Officers

The IP and TAFS service follows a graded pay structure. This determines the salary based on the grade or level of the officer. The service has various grades, each corresponding to different pay scales. 

Here is a table outlining the grade-wise salary structure of IP and TAFS officers:

IP and TAFS in hand Salary

Grade

Pay Level

Basic Pay (in INR)

Junior Time Scale (Probation)

10

56,100

Junior Time Scale

10

56,100

Senior Time Scale

11

67,700

Junior Administrative Grade

12

78,800

Selection Grade

13

1,18,500

Senior Administrative Grade

14

1,44,200

Higher Administrative Grade

15

1,82,200

Apex Scale

16

2,05,400

Cabinet Secretary Grade

17

2,50,000

Note: The above table represents the basic pay of IP and TAFS officers. Additional allowances are provided as per government rules and regulations.

Click on the link to download the notes on the IFS Officer Salary

Perks and Benefits of IP and TAFS

Apart from the attractive salary structure, IP and TAFS officers enjoy a range of perks and benefits. This enhances their overall compensation package. These perks include:

Perks and Benefits of IP and TAFS

Benefits

Description

Dearness Allowance (DA)

IP and TAFS officers are eligible for a DA component. It is revised twice a year based on the consumer price index and inflation rates.

House Rent Allowance (HRA)

Officers who are not provided government accommodation are entitled to HRA as per the prevailing rates.

Transport Allowance

A fixed monthly amount is provided to officers to meet their commuting expenses.

Medical Facilities

Comprehensive medical facilities are provided to IP and TAFS officers. This covers the treatment for self and dependents.

Leave and Travel Concession (LTC)

Officers can avail of LTC to travel within India or opt for Hometown/All India LTC.

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Conclusion

The IP and TAFS service offers an attractive salary structure with many benefits and perks. The post has a graded pay scale. It ensures that officers are rewarded based on their experience & level of responsibility. The probation period allows candidates to gain experience before taking on their roles. The IP & TAFS service has a competitive compensation package and diverse career opportunities. It thus remains an appealing choice for individuals interested in financial management within the government sector.

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IP and TAFS Salary FAQs

IP and TAFS officers receive a stipend of around ₹56,100 per month.

The salary of IP and TAFS officers is determined based on the grade or level they are appointed to. The higher the grade, the higher the salary.

Yes, IP and TAFS officers are entitled to various allowances. This includes the following: Dearness Allowance (DA), House Rent Allowance (HRA), and Transport Allowance, among others.

Yes, IP and TAFS officers and their dependents are eligible for comprehensive medical facilities.

Yes, IP and TAFS officers are entitled to retirement benefits. This includes pension and other post-retirement benefits as per government norms.

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