7th Pay Commission Latest: The Union Cabinet may approve 4 percent increase in Dearness Allowance (DA Hike) for government employees in its meeting on Wednesday.
7th Pay Commission Latest: The Union Cabinet may approve 4 percent increase in Dearness Allowance (DA Hike) for government employees in its meeting on Wednesday. If the government decides to increase DA by 4 percent, it will increase from the current 42 percent to 46 percent. This increase will be effective from July 1, 2023. After this decision of the government, 47 lakh central employees and 68 lakh pensioners will benefit. Let us know that if DA increases by 4%, then the employees can get benefit of up to Rs.
Basic salary at Rs 18000
If the basic salary of an employee is Rs 18,000, then currently he would be getting a monthly allowance of Rs 7,560 on the basis of 42% DA. With an increase of 4%, the new rate of DA will become 46%. In such a situation, the employee’s monthly allowance will increase to Rs 8,280. There will be an increase of Rs 720 in the allowance on monthly basis. Let us tell you that the new approval of the government on DA will be effective from July 1. In such a situation, allowance for July, August, September and October i.e. a total of 4 months will be added to the upcoming salary of the employees. In this way, an allowance of Rs 2,880 will come in the October salary of a central employee with a basic pay of Rs 18,000.
On basic salary of Rs 56,900
The current DA at 42% for employees with a basic salary of Rs 56,900 adds Rs 23,898 to their monthly earnings. After the 46% increase in DA, this monthly allowance will increase to Rs 26,174. Employees with this high basic salary will also get 4 months allowance. Such an employee will get a total allowance of Rs 9,104 for 4 months in the October salary.
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
