7th Pay Commission Latest Update: Lakhs of central government employees and pensioners have got a big gift before Holi. The government has increased the salary of the employees. Let’s know the complete details about it.
Lakhs of central govt employees and pensioners of the country have got a big gift before Holi. The government has increased the salary of the employees.
The increase in dearness allowance has been approved in the Modi cabinet meeting. After this approval, the salary of the employees has increased by more than Rs 27,000. Let us tell you how much the salary of the employees of which level has increased-
There has been an increase of 4 percent
According to the information received from the AICPI index, from January 1, 2023, employees will get the benefit of increased DA. At this time the employees were getting dearness allowance at the rate of 38 per cent, but now it has increased by 4 per cent.
42 percent will get DA
It has been learned from the cabinet meeting held before Holi that the employees will get the benefit of dearness allowance at the rate of 42 per cent. Dearness allowance is calculated on the basis of AICPI-IW only.
Which employee’s salary will increase by how much?
Let us tell you that if the basic salary of an employee is Rs 18,000, then there will be an increase of Rs 720 per month in his salary, that is, there will be an increase of Rs 8640 in the salary of the employees on an annual basis.
On the other hand, if the basic salary of the employees is Rs. 56900 per month, then their salary will increase by Rs. 2276 per month, that is, the salary will increase by Rs. 27312 on an annual basis. An announcement to increase the salary may be made soon by the government.
Notification can be issued before Holi
According to information received from sources, it is believed that PM Modi can announce it before Holi. After Holi, the Finance Ministry will issue its notification. Along with the March salary, the increased dearness allowance is to be paid. Employees will also get arrears of two months.
DA was increased by 4 percent in July as well
Let us tell you that if there is an increase of 4 percent in the DA of the employees, then the dearness allowance will reach at the rate of 42 percent. In July 2022 also, the government had increased the DA of the employees by 4 percent. Lakhs of central employees and pensioners will benefit from the increase in DA and DR.
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
