7th pay commission hike: This can lead to a huge increase in their salary. His salary may increase not by Rs 1-2 thousand but by Rs 9000. This will be possible with a decision of the government. Let us know how all this is going to happen.
7th pay commission hike: The coming times are going to be great for central employees. If you are still waiting for dearness allowance, then there is even more news coming. Actually, there is going to be a lot of happiness for the employees in the coming times. This can lead to a huge increase in his salary. His salary may increase not by Rs 1-2 thousand but by Rs 9000. This will be possible with a decision of the government. Let us know how all this is going to happen.
Inflation graph will increase allowance
Dearness allowance of central employees is yet to be announced. But, now the calculation of next year’s dearness allowance has started. The first number has also arrived. In this figure, the graph of dearness allowance is seen crossing 47 percent. Due to the rise in the prices of vegetables and fruits in the month of July, there has been a sharp rise in the inflation index. Even in August the inflation graph seems to be rising. In such a situation, there may be a significant jump in the figures coming at the end of September.
There will be a huge increase in January 2024
The increase in the inflation index will decide the number of dearness allowance between July and December. Meaning, the dearness allowance that will be applicable from January 2024 will be decided by this number. Only time will tell how much the DA of employees will increase in the coming year. But, according to a calculation that seems to be being made, there is going to be a huge increase in the salary of the employees.
What is the salary increase figure after all?
On August 31, the Labor Bureau had released the July AICPI index numbers. A jump of 3.3 points was seen in this. The index has reached 139.7 points in July. Due to this, the score of dearness allowance also got support and DA reached 47.14 percent. However, the final numbers will have to wait for the data till December 2023. But, it is certain that with the increasing pace of inflation index, dearness allowance can cross 50 percent. What if this happens?
What will happen if DA reaches 50 percent?
According to the 7th pay commission report, as soon as the dearness allowance of the central employees crosses the 50 per cent mark, the dearness allowance will become zero. The calculation of dearness allowance will start from 0. On the other hand, according to 50 percent, the amount of money that the employees would be getting as allowance, will be converted into basic salary.
Salary will increase by Rs 9000
The dearness allowance will be revised as soon as it reaches 50 percent. This will happen on the basis of a memorandum issued by the government in 2016. 50 percent DA money will be merged with the basic salary. Suppose the basic salary of an employee is Rs 18000, then he will get 50 percent DA of Rs 9000. But, if DA is 50 per cent, it will be added to the basic salary and dearness allowance will be reduced to zero, then the employee’s salary will increase by Rs 9000 and he will get it directly in his hand.
Why will dearness allowance be zero?
Whenever the new pay scale is implemented, the DA received by the employees is added to the basic salary. Experts say that as a rule, 100 percent DA received by employees should be added to the basic salary, but this is not possible. Financial condition comes in the way. However, this was done in the year 2016. Before that, in the year 2006, when the sixth pay scale came, at that time 187 percent DA was being given in the fifth pay scale till December. The entire DA was merged with the basic pay. Hence the coefficient of 6th pay scale was 1.87. Then new pay band and new grade pay were also created. But, it took three years to deliver it.
