7th Pay Commission: There is great news for more than one crore central government employees and pensioners. The salary of lakhs of central government employees and pension of pensioners may increase from July 1.
According to reports, the central government may once again increase the dearness allowance (DA) and dearness relief (DR) in July. It is being told that there may be an increase of up to 5 percent in Dearness Allowance (DA) and Dearness Relief (DR) in July. At present, central employees are getting DA at the rate of 34 per cent, which may increase to 39 per cent in July.
It is being told that the government can increase DA by 5 percent in July on the basis of All India Consumer Price Index. According to the data of AICP Index, in the month of January this figure was at 125.1 while in February it was at 125. Whereas in March it increased to 126. At the same time, the AICPI index has been at 127.7 points in April. It is being estimated that in the coming days, dearness allowance will increase at the rate of 4 percent. But, the figures for May and June are yet to come. In such a situation, if this index crosses 129, then there can be an increase in dearness allowance by 5 percent.
If we look at the minimum basic salary of Rs 18,000, then the total increase in annual dearness allowance at the rate of 39 percent will be Rs 7020. This means that against the current dearness allowance, Rs 900 will increase every month. In total, central employees with a basic salary of Rs 18000 will be paid dearness allowance of Rs 84,240 annually. At the same time, if we look at the maximum basic salary of Rs 56900, then the total increase in annual dearness allowance will be Rs 22191. This means that against the current dearness allowance, Rs 1233 will increase every month.
Calculation on minimum basic salary
- Basic salary of the employee – Rs 18,000
- New Dearness Allowance (39%) – Rs 7,020 per month
- Existing Dearness Allowance (34%) – Rs 6120 per month
- How much dearness allowance will increase – 7020-6120 = Rs 900 per month
- Annual increase in salary – 900 X12 = Rs 10800
- Calculation on maximum basic salary
- Basic salary of the employee – Rs 56,900
- New Dearness Allowance (39%) Rs 22,191 per month
- Existing Dearness Allowance (34%) Rs 19,346 per month
- How much will the dearness allowance increase 21622-19346= Rs 2845 per month
- Annual increase in salary 2845X12 = Rs 34140
In fact, under the Seventh Pay Commission, there is revision twice in dearness allowance and dearness relief of central employees. The first is given in the month of January and the second in July. On March 30, the government had increased the DA and DR by 3 per cent. After which it increased from 31 to 34 percent.
Dearness Allowance is given to improve the living conditions of government employees. It is given to government employees, public sector employees and pensioners. The reason for giving it is that the standard of living of the employees should be maintained even in the rising inflation.
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