7th Pay Commission: Central government employees (DA Hike) have got great news before Navtari. The dearness allowance has been increased by 4% by the government. The Central Government has released the AICPI Index for the month of June 2022. It has increased by 2 points in June to 129.2 in May, so there is a possibility that the dearness allowance of employees has increased by 4% in August.
The wait for dearness allowance is over. For the last two months, there was a lot of discussion about the dearness allowance of central employees. But, now dearness allowance has been announced. This time the dearness allowance has been increased by four percent. After the data of All India Consumer Price Index-Industrial Workers came out, it was certain that there would be a good increase in dearness allowance. But, now it has been announced. The index has gained 0.2 points in the month of June. Dearness allowance will be given next month.
How was it decided how much DA would increase
The data for the first half of AICPI-IW (All India Consumer Price Index- Industrial Worker) was released. In this, the index rose 0.2 points to 129.2. The government uses the data of this index to decide the Dearness Allowance of the employees. There has been an increase of 4 per cent in DA in the index. Experts are claiming that dearness allowance will be increased by 4% (DA Hike 4%). More than one crore central employees and pensioners will get its benefit.
Dearness Allowance increased by 38 percent under 7th Pay Commission
There has been an increase of 4% in the DA of central employees. The government has announced this. Significantly , the increase in DA depends on the figures of AICPI. The figures for the first half of AICPI-IW have been released. According to the AICPI index, now the new figure has risen by 0.2 to 129.2. This decision of the government will benefit more than 1 crore central employees and pensioners.
When will the money of 38% DA come under 7th Pay Commission
After the increase of 4% in DA, the total dearness allowance of central employees has gone up to 38 percent. Earlier, the dearness allowance of the employees was 34%. Dearness allowance will be paid in the salary of September 2022 while the increased DA has been implemented from the month of July. That is, the arrears of two months of July and August will also come in the account of the employees. During this festival, big money will come in the account of the employees.
After increasing the dearness allowance by 4 percent, the total dearness allowance of the Central Employees (CG Employees) has gone up to 38 percent. The new dearness allowance will be paid in the salary of September 2022. In this, the money of the arrears of two months of July and August will also come. The new dearness allowance will be deemed to be applicable from July 1, 2022. Overall, the government will give it during Navratri. This will put a huge amount in the pockets of the employees.
June Index Number reached 129.2
We have the figures for the first half. The index has now reached 129.2 by including the June data. Experts claim that the dearness allowance will increase by 4 percent. The AICPI index was at 129 points in May. More than one crore central employees and pensioners will get the benefit of 4 percent in dearness allowance this time.
Calculation on maximum basic salary
- Basic salary of the employee Rs 56,900
- New Dearness Allowance (38%) Rs 21,622/month
- Dearness Allowance so far (34%) Rs 19,346/month
- How much dearness allowance increased by Rs 2260/month
- Annual salary increase by Rs 27,120
Calculation on minimum basic salary
- Basic salary of the employee Rs 18,000
- New Dearness Allowance (38%) Rs.6840/month
- Dearness Allowance so far (34%) Rs.6120/month
- How much dearness allowance increased by Rs.1080/month
- Increase in annual salary by Rs 8640
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