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HomePersonal Finance7th Pay Commission: Big news! You will get arrears of ₹ 22788,...

7th Pay Commission: Big news! You will get arrears of ₹ 22788, know when the money will come

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7th Pay Commission latest news: Dearness Allowance (DA) of central employees has increased by 4 percent. The cabinet has approved it. There is discussion that its payment will be done in April and not in March. But, it will be implemented only from January 1, 2024. The arrears from January to March will be given to them.



7th Pay Commission latest news today: Before the festival of Holi, central employees have been showered with money. The Union Cabinet has approved the increase in Dearness Allowance (DA Hike). Now employees will be paid dearness allowance at the rate of 50 percent. This will be paid from January 1, 2024. Even though it was announced in March, the payment may have to wait till April. In such a situation, three months’ DA money will be given to the employees as arrears. They can also get the arrears from January to March 2024 in their April salary. But, how much will this arrears be? Let us understand its complete calculation…

Employees, pensioners will get the benefit of DA arrears

Dearness Allowance (DA) of central employees may be paid in April. Since this will be applicable from January 1, all central employees and pensioners will get arrears of 3 months. In the new pay scale, dearness allowance (DA calculation) will be calculated according to the pay band. The grade pay of employees at Level-1 is Rs 1800. In this the basic pay is Rs 18000. Apart from this, travel allowance (TPTA) is also added to it. Only after this the financial arrears are decided.

Understand the calculation of DA Arrear

Calculation on minimum salary of Rs 18,000 in Level-1

The minimum basic salary of central employees at Level-1 Grade Pay-1800 is Rs 18,000. Due to increase in dearness allowance of these employees, there has been a difference of Rs 774 in the total DA. Understand the calculation of arrears like this…

Due & Arrears (DA 50%)
MONTHDATADA ON TATOTAL
Jan-249000135067511025
Feb-249000135067511025
Mar-249000135067511025
Arrears2322
Apr-249000135067511025

 

Calculation on maximum basic salary of Rs 56900 in Level-1

The maximum basic salary of central employees at Level-1 Grade Pay-1800 is Rs 56,900. Due to increase in dearness allowance of these employees, there has been a difference of Rs 2276 in the total DA. Understand the calculation of arrears like this…

Due & Arrears (DA 50%)
MONTHDATADA ON TATOTAL
Jan-24284503600180033850
Feb-24284503600180033850
Mar-24284503600180033850
Arrears7260
Apr-24284503600180033850

 

Calculation of minimum salary in level 10 at Rs 56,100

The grade pay of central employees in level-10 is Rs. 5400. The minimum basic salary of these central employees is Rs 56,100. Due to increase in dearness allowance of these employees, there has been a difference of Rs 2244 in the total DA. Understand the calculation of arrears like this…

Due & Arrears (DA 50%)
MONTHDATADA ON TATOTAL
Jan-24280507200360038850
Feb-24280507200360038850
Mar-24280507200360038850
Arrears7596
Apr-24280507200360038850

 

Salary is decided by pay band

Under the 7th pay commission, the salary of central employees has been divided into different grade pay from level 1 to level 18. In this, dearness allowance is calculated on the basis of grade pay and travel allowance. In Level 1, the minimum salary starts from Rs 18,000 and the maximum salary is Rs 56,900. Similarly, salary varies according to grade pay from level 2 to 14. But, there is no grade pay in level-15, 17, 18. Here the salary is fixed. In Level-15, the minimum basic salary is Rs 182,200, while the maximum salary is Rs 2,24,100. The basic salary in level-17 is fixed at Rs 2,25,000. At the same time, even in Level-18, the basic salary is fixed at Rs 2,50,000. The salary of Cabinet Secretary comes in level 18.

Pravesh Maurya
Pravesh Maurya
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
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