If the basic salary of the employees is Rs 56,900 and dearness allowance is 40%, then the increase in salary will be Rs 22,760/month and the annual salary increase will be Rs 40,968.
There is good news for central employees (7th Pay Commission Central Government employees). The benefit of 2 more allowances is going to be available soon. This includes Dearness Allowance and House Rent Allowance. The AICPI Index for May has increased by 1.3 percent, after which a 5% increase in dearness allowance is believed to be fixed. The same house rent allowance is also likely to increase by 3%. If this happens, then the salary will increase by 40000 in the salary.
At present central employees are getting the benefit of 34% DA. Since the DA of central employees increases twice a year. The first increase has been done in March and now the second increase is to be done in July. According to the recent AICPI Index data for May, the All India CPI-IW stood at 129.0 with an increase of 1.3 points, so the dearness allowance in July is expected to increase by about 5-6%. Although the figures for June are yet to come, after this the picture will be clear. 47 lakh employees and 68 lakh pensioners will benefit from this.
According to media reports, if the AICPI index sees an increase in June numbers like March, April and May, then DA can be seen to increase by up to 6%. It is believed that if the AICPI index crosses 132 in June. If it reaches, there will be a big increase in dearness allowance and salary will also see a jump of more than 2.5 lakhs. 7th If the basic salary of the same employees is Rs 18,000, then there will be an increase of Rs 7,200/month and Rs 12,960 annually.
3% increase in HRA also possible
In addition to dearness allowance, the central employees of the 7th Pay Commission can get the benefit of house rent allowance. At present, HRA is being given at the rate of 27 percent, 18 percent and 9 percent according to the category of the city. It is believed that soon 3 percent in HRA of X category employees, 2 percent in Y category HRA and Z category There may be an increase of 1 per cent for HRA. Thereafter, it will increase from 27% to 30%, although this will be in case the DA rises from 34 per cent to 50 per cent, resulting in an annual HRA increase of Rs 20,484.
HRA Calculation
- According to the 7th Pay Matrix, the maximum basic salary of the employees is Rs 56,900, then if the HRA is 27 percent, there will be a benefit of 20000 in the salary.
- For example, House Rent Allowance is Rs 56900 x 27/100 = Rs 15363 per month, then having 30% HRA will be Rs 56,900 x 30/100 = Rs 17,070 per month i.e. total difference: Rs 1707 per month.
- The annual HRA will increase by Rs 20,484. These rates vary by region and city, currently the minimum HRA for all three categories is Rs 5400, 3600 and Rs 1800.
- This will happen in case the DA rises from 34 per cent to 50 per cent, thereby increasing the annual HRA by Rs 20,484, as the maximum basic salary of employees as per 7th Pay Matrix is Rs 56,900.
