7th Pay Commission: In the month of March, the government will pay the increased salary along with the dearness allowance (DA) of the central government employees. There is bound to be an increase in salary.
There is good news for central employees. Holi gift is going to be received in March. In the month of March, the government will pay the increased salary along with the dearness allowance (DA) of the central government employees. There is bound to be an increase in salary. More than 1 crore central employees and pensioners will get the benefit of this. Dearness allowance has to be approved for January 2023. Dearness Allowance (DA Hike) will increase by 4 percent. PM Modi will seal it.
DA will be 42%
According to the Labor Ministry, in December 2022, the figure of All India Consumer Price Index for Industrial Workers (AI CPI-IW) had reached 132.3. Due to this, the DA of the employees has increased by 4 percent. DA will be increased from 38 percent to 42 percent. This can be paid to the employees in the salary of March.
How to get benefit up to Rs 1.20 lakh?
Central employees get money in proportion to inflation. In such a situation, the increase in DA by 4 percent is definitely a matter of relief. If the basic salary of an employee is 30 thousand rupees per month, then his salary will increase by 1200 rupees per month. On an annual basis, his gross salary will directly increase by Rs 14,400. The salary of Cabinet Secretary level officers will increase by Rs 10,000 per month. Means the maximum basic salary is Rs 2.5 lakh per month, they will get the benefit of Rs 1 lakh 20 thousand on an annual basis.
What is Dearness Allowance?
Dearness allowance is such money, which is given to government employees to improve their cost of living. This money is given so that even after the increase in inflation, there is no difference in the standard of living of the employee. This money is given to government employees, public sector employees and pensioners.
Changes every 6 months
Dearness allowance is given to improve the standard of living of the employees. This allowance is given to government employees, pensioners and public sector employees. Dearness allowance is given so that even after the increase in inflation, the employees do not have any problem in living their lives. Usually, Dearness Allowance is revised every 6 months, in January and July.
DA varies
Dearness allowance is given on the basis of salary of the employees. Dearness allowance is different for government employees working in urban, semi-urban and rural areas. Dearness allowance is calculated on the basic salary. A formula has been fixed for the calculation of dearness allowance, which is determined by the consumer price index (CPI).
This formula is used
Dearness Allowance percentage = Average of CPI of last 12 months-115.76. Now whatever comes will be divided by 115.76. The number that comes will be multiplied by 100.
