Basic Salary Update: In the year 2016, while implementing the Seventh Pay Commission, the formula for calculating dearness allowance was changed by the government. It will be revised every time dearness allowance reaches 50 percent.
7th Pay Commission Latest Update: The Central Government has increased the dearness allowance of central employees by 4 percent. DA has increased to 46 percent. As per rules, the next increase in DA will be applicable from January 1, 2024. How much this will be can be expected. According to the rules of the Seventh Pay Commission, when DA is 50 percent, it will be added to the basic salary of the employees. It is expected that in the next DA hike, the employees will get only 4 percent, after which it will be added to the basic salary.
Next year DA will increase to 50 percent!
Dearness allowance is calculated by the government on the basis of AICPI-IW index. The numbers for the next DA for July and August have come. In August, the AICPI-IW index figure reached 139.2 points. With this, the Dearness Allowance Score (DA Hike Score) reached 47.97 percent. The numbers of AICPI-IW index from September to December are yet to come. In such a situation, there is more hope that DA will increase to 50 percent next year.
Dearness allowance will become zero
After DA reaches 50 percent, it will be added to the basic salary of central employees. Also, dearness allowance will become zero. That means DA calculation will start from zero again. In the year 2016, while implementing the Seventh Pay Commission, the formula for calculating dearness allowance was changed by the government. It will be revised every time dearness allowance reaches 50 percent. That means, for an employee whose basic salary is Rs 18000, after adding Rs 9000 of DA, the basic salary will become Rs 27000.
No official information
This will have a direct impact on the basic salary. Similarly, the basic salary of higher band people will also increase. Its final decision will be taken by the government itself. As of now, no official information has been given by the government in this regard. Also, it is too early to say when the DA will be revised by the government?
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