Sage-Tips

Should we solve FIITJEE GMP?

It also demotivates people before the Advanced so for those who get demotivated easily, GMP is not recommended. Try GMP if you get a good rank in Mains and are really expecting a sub 500~1000 rank in Advanced (based on your Mains performance).

What is GMP of FIITJEE?

Grand Masters Package (GMP) for JEE Main & JEE Advanced.

When does the 5 times working lifetime apply to GMP?

GMP accrued at a rate of five-times working lifetime, applied to each tax year’s relevant earnings from 6 April 1988 to 5 April 1997, revalued to date of leaving contracted out service. 6. What is the difference between the levels of male and female GMP? As defined above, Working Life is given by the following formula:

Does GMP accrue at a different rate from scheme benefits?

GMP accrues at a different rate from scheme benefits. GMP payment age is 60 for females and 65 for males, which may differ from the normal retirement age of the scheme or indeed the age at which a member chooses to take their benefit (i.e. early or late). GMP accrues at different rates for males and females.

What is the difference between GMP and non GMP?

GMP revaluation in deferment Generally a higher revaluation applies to GMP than non-GMPs. Therefore, for a male and female who have accrued the same pension from a scheme, the revaluation of a female’s deferred benefit is generally higher until age 60, reflecting the higher proportion of GMP element. GMP increases in payment

What are the requirements of GMP documentation?

General requirements of GMP Good documentation constitutes an essential part of the quality assurance system. Clearly written procedures prevent errors resulting from spoken communication, and clear documentation permits tracing of activities performed. Documents must be designed, prepared, reviewed, and distributed with care.