If the DA is 34%, an employee with a salary of Rs 18,000 per month will get Rs 6,120 per month / yearly Rs 6,480 and the annual DA of 56000 salary will be Rs 20,484.
7th Pay Commission: There is good news for Central Government Employees, there is going to be a big jump in salary and pension. According to the latest media reports, around May 7, with the increased 3% Dearness Allowance and Dearness Relief (DA / DR Hike), the money of arrears (January, February and March) can be transferred to the account along with salary. 50 lakh employees and 65 lakh pensioners will get the benefit of this. After the increase of one digit in the same AICPI index , there is a possibility of increasing 3% DA / DR once again in July.
In fact, recently the Modi government of the Center has increased the dearness allowance of Central Government Employees by 3%, after which the total DA of the employees has gone up from 31 to 34% (Dearness Allowance). This will be applicable from January 1, 2022, in such a situation, employees will also be given arrears for 3 months (January, February and March). According to media reports, the money of this increased DA and arrears will be transferred to the employees’ account by May 7. This will increase the salary of the employees up to 20 thousand. According to different levels, the salary of the employees will increase.
The calculation of this dearness allowance will be done on the basic pay i.e. the more basic pay, the more DA benefit will be available. By increasing the same DR, the pension of the pensioners will also increase. Along with DA, the employees will be given the benefit of Provident Fund and Gratuity, since the monthly PF and Gratuity are calculated from the basic salary and DA, in such a situation With the increase of DA, PF and Gratuity are also believed to increase.
Recently, the Department of Expenditure, Ministry of Finance, issued a notification regarding the increase in dearness allowance of central employees, saying that on January 1, 2022, the dearness allowance of central employees is increased from 31% to 34%, but for the month of March 2022. The arrears of dearness allowance will not be paid before the payment of salary, that is, after the salary of May, the arrears between January and March will be paid to the central employees.
Explain that according to the recommendations of the 7th Pay Commission, dearness allowance and dearness relief are increased twice a year. These increases are made on half yearly basis. Dearness allowance is a part of salary. This is a fixed percentage of the basic salary of the employee. The special thing is that in the last 9 months, the DA and DR received by central employees and pensioners have doubled. Central employees and pensioners will now get DA at the rate of 34%, which is About 9 months ago it was just 17%. That is, the DA of central employees has doubled from 17% to 34% in 9 months.
View Salary Calculation
If the DA is 34%, an employee with a salary of Rs 18,000 per month will get Rs 6,120 per month/annual Rs 6,480 and an employee with a salary of 56000 will have an annual DA of Rs 20,484. For example, if the basic salary of an employee is Rs 18,000, then the total annual DA will be Rs. 73,440 but the annual increase in salary will be Rs 6,480.
The basic salary of an employee with a basic salary of Rs 56,900 will increase by Rs 232,152 according to the basic salary of Rs 19346/month. If the basic pay of the employee is Rs 18,500, then he will get a DA of Rs 6290 at the rate of 34% i.e. the gross salary has increased by Rs 555. The DA of the employees with the maximum salary slab will increase to Rs 19,346 per month.
Calculation on minimum basic salary
- Basic salary – Rs 18,000
- New Dearness Allowance (34%) – Rs.6120/month
- Total New Dearness Allowance (34%) – Rs 73,440/annum
- Dearness Allowance so far (31%) – Rs 5580/month
- How much dearness allowance increased – 6120- 5580 = Rs 540 / month
- How much will you get in May – 540X4 = Rs 2,160
- Increase in annual salary – 540X12 = Rs 6,480
Calculation on maximum basic salary
- Basic salary- Rs 56,900
- New Dearness Allowance (34%) – Rs 19,346/month
- New Dearness Allowance (34%) – Rs 232,152/annum
- Dearness Allowance so far (31%) – Rs 17639/month
- How much dearness allowance increased – 19346-17639 = Rs 1,707 / month
- How much will you get in May- 1,707 X4 = Rs 6,828
- Increase in annual salary – 1,707 X12 = Rs 20,484
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