7th Pay Commission DA Hike latest news: There is good news for central employees. The way for dearness allowance has been cleared for them. It has been decided to increase the dearness allowance by 4 percent.
7th Pay Commission DA Hike: There is good news for central employees. The way for dearness allowance has been cleared for them. It has been decided to increase the dearness allowance by 4 percent. In August, the total dearness allowance will be 38 percent. The Consumer Inflation Data (AICPI Index numbers) which came in May has confirmed that there is a fixed increase of 4% in DA. The figures for June are yet to come. Its numbers will be released on July 31. This will seal how much the dearness allowance will increase in total.
Dearness allowance may increase by 4%?
The dearness allowance of central employees is linked to the All India Consumer Price Index-IW. If this figure increases continuously, then dearness allowance also increases in the same order. We have the figures for five months in the first half. The June figures are yet to come. Experts are claiming that in June the figure will reach 130 and dearness allowance will increase by 4 percent. The AICPI index has been at 129 points in May. It is confirmed that in the coming days, dearness allowance will increase at the rate of 4%.
38% will be DA!
If there is an increase of 4 percent in the Dearness Allowance, then the total dearness allowance of the central employees will reach 38%. At present, dearness allowance is being paid at the rate of 34 per cent. The new dearness allowance will be announced in August 2022. The central government will take a decision on dearness allowance in the cabinet. However, it will be considered applicable from 1st July 2022. Its payment in salary will also be according to the month of July.
Understand how much salary will increase like this
Under the 7th Pay Commission, if the minimum basic salary is Rs 18,000, then the total increase in annual dearness allowance at the rate of 38 percent will be Rs 6840. That means, against the current dearness allowance, Rs 720 will increase every month. Overall, central employees with a basic salary of Rs 18000 will get Rs 8640 more dearness allowance annually. At the same time, if we look at the maximum basic salary of Rs 56,900, then the total increase in annual dearness allowance will be Rs 27312. This means that against the current dearness allowance, Rs 2276 will increase every month. His total annual dearness allowance will reach Rs 2 lakh 59 thousand 464.
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