7th Pay Commission: From the next month i.e. May, money is going to rain on the central employees. The Central Government has increased the Dearness Allowance of Central employees by 3 percent.
With this, the dearness allowance of central employees has increased from 31 per cent to 34 per cent. Along with this, the Ministry of Finance has issued a notification regarding this. The government has made it clear that the increased dearness allowance will be applicable from the month of January itself.
In this notification, it has been said that with effect from January 1, 2022, the dearness allowance (DA) of central employees has been increased from 31 percent to 34 percent. The government has said that the salary for the month of April will increase. Along with this, the government has made it clear that the arrears between January and March will also be paid to the employees in the month of May.
This announcement of the Central Government will benefit more than one crore government employees and pensioners i.e. 50 lakh employees and 65 lakh pensioners. The dearness allowance to central employees and dearness relief to pensioners will together cost the exchequer Rs 9,544.50 crore per annum.
In fact, the basic salary of central employees is between Rs 18,000 and Rs 56,900. If we look at the calculation of minimum basic salary when dearness allowance is 34 percent, then the minimum basic salary of a central employee is Rs 18,000. After the DA is 34 per cent, it will increase by Rs 5580 to Rs 6120 per month. That is, the salary will increase by Rs 540 per month. In such a situation, Rs 2160 (540X4 = 2160) will increase in the account of employees with basic salary of Rs 18,000 in the month of May. On the other hand, if we look at the salary on an annual basis, then there will be an increase of Rs 6,480 in it.
At the same time, there will be a monthly increase of Rs 1707 in the salary of the maximum basic salary of 56,900. In such a situation, Rs 6828 (1707X4 = 6828) will increase in the account of employees with basic salary of Rs 56,900 in the month of May. Accordingly, the salary of these employees will increase by Rs 20,484 on an annual basis.
If the central employees want, they can calculate the salary according to their salary.
Calculation on minimum basic salary
- Basic salary – Rs 18,000
- New Dearness Allowance (34%) – Rs.6120/month
- 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
