Section 70A in Orissa State Financial Corporation (Staff) Regulations, 1975
70A. Regulation Incentive Allowance.
- Basing on the financial result and working of the Corporation during the previous accounting year an incentive allowance not exceeding 16.2% of the aggregate of pay and D.A. drawn by an employee for the period of duty in the preceding accounting year may be paid to every full time employee of the Corporation subject to the following conditions.Note. - Full time employee includes the State Government employee whose services are lent to the Corporation on "Foreign Service" terms and conditions but excludes retainers. "Period of duty" includes period on earned leave on full average pay.
