7th Pay Commission: When will the next installment of DA be paid, this question has been in discussion for a long time. After the figures of industrial inflation, it is certain that there has been a jump of 4 percent in the allowance. But, there is still a delay in the announcement from the government. Only Zee Business is telling you the date when the money will come.
7th Pay Commission: There is good news for central employees. Dearness allowance has increased from 34 per cent to 38 per cent. But, it is yet to be announced by the government. At the same time, there is a discussion about its payment as to when it will happen. In such a situation, Zee Business has got exclusive information that both its announcement and payment will be done in the month of September. This date is also fixed. Let us tell you, DA is the only component after the basic salary, which increases the salary of central employees. The government reviews it with inflation data every six months.
Second biggest increase in two and a half years
Actually, there has been a good increase in the next DA from the inflation data. 4% DA Hike is believed to be fixed. It just has to be announced officially. It will be released after getting approval from the Union Cabinet. If the government approves to increase the dearness allowance by 4 percent, then this will be the second big increase after January 2020. The AICPI Index June numbers came on 31 July. In which the index reached 129.2. Due to this it has been decided to get 4 percent Dearness Allowance (DA Hike).
May be announced on 28 September
Under the 7th Pay Commission, now all central government employees and pensioners are being paid DA and DR at the rate of 34 percent. But, in September it will increase to 38%. Sources told Zee Business Digital that it can be announced in the cabinet meeting to be held on September 28. Central employees will get this gift during Navratri and its payment will start from 30 September. Central employees will also get two months’ arrears on payment from September. This will include the arrears of July and August.
How will Dearness Allowance be calculated?
The next installment of DA is likely to be paid along with the salary of September. It is quite easy to guess how to calculate Dearness allowance. After increasing the Dearness Allowance (DA Hike) by 4 percent, it can be calculated on the Basic Salary. If someone’s salary is Rs 20,000, then at the rate of 4 percent, his salary will increase by Rs 800 in a month.
How much will the salary increase
There will be a bumper increase in the salary of officer grade. If someone’s basic salary is Rs 31,550. If you calculate on this then…
- Basic Pay – Rs 31550
- Estimated Dearness Allowance (DA) – 38% – Rs 11,989 per month
- Existing Dearness Allowance (DA) – 34% – Rs 10,727 per month
- On increasing Dearness Allowance (DA) by 4% – Rs 1262 (every month) will come more
- Payment of Dearness Allowance – Rs 15,144 (at 38% DA) after 4% hike
Calculation of 38% DA on maximum basic
According to the 7th pay commission, if the dearness allowance is increased by 4%, the total DA will become 38%. If you calculate in the maximum salary range, then Rs 21622 will be available as DA every month on the basic salary of Rs 56,900. The total annual dearness allowance will be Rs 2,59,464.
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