7th Pay Commission: The day is good news for more than one crore central employees and pensioners of the country. The long wait for a hike in Dearness Allowance and Dearness Relief may end soon. Let’s know about it in detail.
The Central Government can give great news to its employees and pensioners. According to the information received from the sources (7th Pay Commission), the government has decided to increase their dearness allowance and dearness relief by 4 percent. After this, the DA of central employees will increase from 38 to 42 percent. However, it has not been announced by the government yet.
According to the news coming in the media, the government may soon announce a hike in dearness allowance. Actually, to fight the rising inflation, the central government increases the dearness allowance from time to time. It is usually revised twice a year in January and July and hikes are announced usually in the months of March and October.
If this happens, from March 31, employees can get increased salary and pensioners can get increased pension. Not only this, the arrears of the month of January and February will also come into the account with them.
Dearness Allowance will be 38 to 42 percent
It is worth noting that the central employees (7th Pay Commission) are currently being paid DA at the rate of 38 per cent. If it increases by 4 percent, it will increase to 42 percent. After this, the annual dearness allowance will increase to Rs 90,720 for those with a basic salary of Rs 18,000.
Talking about the difference from the existing dearness allowance, the salary will increase by Rs 720 per month and Rs 8640 annually. At the same time, there will be an increase of Rs 2276 per month in the salary of employees with a basic salary of Rs 56900 per month. Means the salary will increase by Rs 27312 on annual basis.
Calculation on minimum basic salary of Rs 18,000
- Employee’s basic salary Rs 18,000
- New Dearness Allowance (42%) Rs.7560/month
- Dearness Allowance till now (38%) Rs.6840/month
- How much dearness allowance increased 7560-6840 = Rs 720/month
- Increase in annual salary 720X12= Rs 8640
Calculation on maximum basic salary of Rs.56900
- Employee’s basic salary Rs 56900
- New Dearness Allowance (42%) Rs 23898/month
- Dearness Allowance till now (38%) Rs 21622/month
- How much dearness allowance increased 23898-21622 = Rs 2276/month
- Increase in annual salary 2276X12 = Rs 27312
Lakhs of employees and pensioners will be benefited
Let us tell you that lakhs of employees of the country are eagerly waiting for this. This will benefit 65 lakh central employees and 48 lakh pensioners. After this, on July 1, 2023, there will be an increase in the DA of central employees once again.
