If the DA is increased from 34% to 39%, then the dearness allowance of 18,000 salary employees will be available up to Rs 10 thousand. If there is a 40% increase by 6 percent, then the salary of the employees will increase by up to Rs 41,000.
The month of August can be full of gifts for central employees and pensioners. On the 3rd of the next month, two big gifts can come together in the bag of the employees. This includes the first increase of 4% dearness allowance and the second increase in fitment factor by 3.68 percent. If DA increases by 4%, then the total dearness allowance will become 38% and there will be a benefit of 27000 in the salary. If the basic salary is increased by 8000 then it will increase from 18000 to 26000.
According to the latest media reports, at present the central employees-pensioners are getting the benefit of 34% DA/DR and it is expected to increase by 4% in the coming month as the AICPI index is less than 1 in the figures for March, April and May. There has been an increase of more points, although now on July 30, the June figures of AICPI Index 2022 will come, after that it will be clear by what percentage the final DA will increase. It can also go from 4% to 6%, if the AICPI score crosses 130. does.
After the release of the data, a big cabinet meeting will be held under the chairmanship of PM Modi on August 3, in which the final stamp on dearness allowance can be put. could. However, there is no indication or confirmation from the government yet. If the DA increases, then there will be an increase in the salary of the employees from 27 thousand to 2.20 lakh. 47 lakh employees and 68 lakh pensioners will get the benefit of this.
According to media reports, if there is an increase of 4% in DA, then it will reach 38 percent and now the total increase in the annual dearness allowance on the basic salary of Rs 18,000 will be Rs 8640. The salary of an employee of 56000 will increase by 27312. . If the DA is increased from 34% to 39%, then the dearness allowance of 18,000 salary employees will be available up to Rs 10 thousand. If there is a 40% increase from 6 percent, then the salary of the employees will increase by up to Rs 41,000. If the minimum basic pay is Rs 18,000 then the total increase in annual dearness allowance at the rate of 40% will be Rs 12960.
If the same maximum basic pay is seen at Rs 56900, then the total increase in annual DA will be Rs 40968. Meaning Rs 3414 will increase every month against the existing dearness allowance. Overall, Central employees with a basic salary of Rs 56900 will be paid dearness allowance of Rs 27,3120 for the year. Rate Index), under which the new series of WRI with base year 2016=100 will replace the old series of base year 1963-65.
Fitment factor can also be decided
According to the latest media reports, along with the new dearness allowance, the fitment factor can also be decided in the Modi cabinet meeting to be held on August 3. Due to this factor, the salary of central employees increases by more than two and a half times. Presently the employees are getting the fitment factor of 2.57 and the employees are demanding to increase it to 3.68 per cent. If it is approved, then 52 lakh employees will get the benefit of up to 50000 in basic salary, although till now no indication or official announcement has been made by the government.
Let us tell you that the last entry level basic pay was increased from Rs 7000 to Rs 18000 per month in 2017 and if it increases now then it will be directly 26000. For example, if the basic salary of a central employee is Rs 18,000, then his salary excluding allowances will be Rs 18,000 X 2.57 = profit of Rs 46,260. On 3.68, the salary will be Rs 95,680 (26000 X 3.68 = 95,680) i.e. in salary 49,420 will get profit. Since the pay matrix made in the 7th Pay Commission is based on the fitment factor, the fitment factor is considered to be an important role in the salary received by the employees.
Decision on HRA Allowance?
According to media reports, if DA increases, then HRA can also be increased. Since there was 31 per cent DA, the HRA had also increased. If now the dearness allowance is 38 to 40%, then there is a possibility of increase in HRA by 3 per cent. At present it is 27 per cent which will be increased to 30 per cent but this will happen only when DA crosses 50 per cent. As per the DoPT agreement, as soon as the DA crosses 50 per cent, the HRA will be 30, 20 and 10 per cent. At present, central employees get HRA at the rate of 9 per cent, 18 per cent and 27 per cent according to their categories. It is expected that the HRA can be increased by up to 3 per cent.
