7th Pay Commission: Latest Update! Bumper Salary Hike For The Government Employees | Know Details Here

There are some good news for 50 lakh employees and 65 lakh pensioners as along with DA, employees can also get the benefits of House Rent Allowance, Travel Allowance, Provident Fund and Gratuity. Since the monthly PF and gratuity are calculated from the basic salary and DA, due to the increase in DA, PF and gratuity are also expected to increase. -30 thousand will increase, although DA will cross 50%, then only HRA can be increased. If this happens, then there will be an increase of more than 20000 in the salary of the employees. There is talk of increasing the fitment factor, after which the basic salary can be 26000.

After the increase of 3 percent in the dearness allowance of central employees, now it is believed that 4 other allowances will also increase. According to media reports, the Modi government may soon increase the travel allowance and city allowance (House Rent Allowance-HRA) by 3-3 percent.

The DA of central employees has increased from 31% to 34% and now it is expected that soon the house rent allowance can also be increased by 3%, but this will happen when DA is 50 percent. and then HRA will become 30%, 20% and 10%. At present, the central employees are getting HRA at the rate of 27%, 18% and 9%. In July last year, HRA was revised when DA crossed 25% and when DA was increased to 28 percent in July 2021 and then HRA was revised even if DA crossed 25%. Now since dearness allowance has become 34%, then it is believed that HRA can be increased again.

View Salary Calculation

If the DA is 34%, an employee with a salary of Rs 18,000 per month will get Rs 6,120 per month/annual Rs 6,480 and an employee with a salary of 56000 will have an annual DA of Rs 20,484. For example, if the basic salary of an employee is Rs 18,000, then the total annual DA will be Rs. 73,440 but the annual increase in salary will be Rs 6,480.

The basic salary of an employee with a basic salary of Rs 56,900 will increase by Rs 232,152 according to the basic salary of Rs 19346/month. If the basic pay of the employee is Rs 18,500, then he will get a DA of Rs 6290 at the rate of 34% i.e. the gross salary has increased by Rs 555. The DA of the employees with the maximum salary slab will increase to Rs 19,346 per month.

Calculation on minimum basic salary

• Basic salary – Rs 18,000
• New Dearness Allowance (34%) – Rs.6120/month
• Total New Dearness Allowance (34%) – Rs 73,440/annum
• Dearness Allowance so far (31%) – Rs 5580/month
• How much dearness allowance increased – 6120- 5580 = Rs 540 / month
• How much will you get in May – 540X4 = Rs 2,160
• Increase in annual salary – 540X12 = Rs 6,480

Calculation on maximum basic salary

• Basic salary- Rs 56,900
• New Dearness Allowance (34%) – Rs 19,346/month
• New Dearness Allowance (34%) – Rs 232,152/annum
• Dearness Allowance so far (31%) – Rs 17639/month
• How much dearness allowance increased – 19346-17639 = Rs 1,707 / month
• How much will you get in May- 1,707 X4 = Rs 6,828
• Increase in annual salary – 1,707 X12 = Rs 20,484

Earlier, Union Cabinet chaired by the Prime Minister, Narendra Modi, has given its approval to release an additional instalment of dearness allowance (DA) to central government employees and dearness relief (DR) to pensioners effective January 1 this year.

Union Cabinet hikes Dearness Allowance (DA) of Central Government employees & Dearness Relief (DR) of pensioners by 3% to 34% with effect from 01/01/2022.

This move will benefit about 4.8 million central government employees and 6.9 million pensioners and will be effective from January 1, 2022.

The statement said this was to compensate for price rise and was “in accordance with the accepted formula, which is based on the recommendations of the Seventh Central Pay Commission

The hike in DA will not only benefit central government employees but will also benefit central government pensioners and family pensioners getting pension from the central government. They will get this hike in the form of Dearness Relief (DR).

JOIN OUR WHATSAPP GROUP: CLICK HERE

LIKE OUR FACEBOOK PAGE: CLICK HERE

JOIN OUR TELEGRAM CHANNEL: CLICK HERE

FOLLOW OUR INSTAGRAM: CLICK HERE