7th Pay Commission News/ Dearness allowance Hike: There is important news for central employees. The 12-month index average for dearness allowance is 351.33. On this average index 34.04% Dearness allowance is made. Let us know when it will be announced.
7th Pay Commission News: There is very good news for central government employees and pensioners. Before Holi, on March 16, the government can announce an increase in DA. It is worth noting that last year also during Diwali, the government had increased dearness allowance. On the same lines, it is expected that in the festive season, the government can announce a hike in dearness allowance.
Fixed an increase of 3%
After a long wait, 3% increase in Dearness Allowance has been fixed. In the cabinet meeting, the government can announce the DA hike. That is, now employees and pensioners will get Dearness Allowance (DA Hike) at the rate of 34%. There has been a decrease of one point in the December 2021 index of the Consumer Price Index for Industrial Workers (AICPI Index). Let us tell you that the average of 12 months index for dearness allowance is 351.33 with an average of 34.04% (Dearness allowance). But, dearness allowance is always given in whole numbers. That is, from January 2022, the total dearness allowance is set to be 34%.
Know when it will be announced
At present, the employees are already getting 31% Dearness Allowance. But let us tell you that from January 2022, you will get the benefit of increased 3% and dearness allowance. According to the recommendations of the 7th Pay Commission, dearness allowance is paid only on the basic salary. It is expected that it can be announced in March. Actually, the code of conduct has been imposed due to the elections and hence the government will not announce it.
AICPI-IW declined in December
Significantly, this decision of the government will benefit more than 50 lakh central employees and 65 lakh pensioners. After this, now the next dearness allowance will be calculated in July 2022. The data of AICPI-IW (All India Consumer Price Index for Industrial Workers) for December 2021 has been released. According to this figure, in December this figure fell by 0.3 points to 125.4 points. In November, this figure was at 125.7 points. and decreased by 0.24% in December. But, this has not affected the increase in dearness allowance. After the figures of AICPI IW of the Labor Ministry, it has been decided that this time the dearness allowance will increase by 3 percent.
Increased in November
According to Labor Ministry data, the AICPI-IW index had gained 0.8% in November 2021 and reached 125.7. It was clear from this that there would be an increase of 3 percent in dearness allowance. Now even though there has been a slight decline in the figure of December 2021, but in January 2022, there will be an increase in DA at the rate of 3 per cent. The DA of government employees is currently 31 percent. Now after an increase of 3 per cent, it will reach 34 per cent.
Calculation of DA Marks
Calculation for July- 122.8 X 2.88 = 353.664
Total for August- 123 X 2.88 = 354.24
Calculation for September- 123.3 X 2.88 = 355.104
Calculation for November – 125.7 X 2.88 = 362.016
Calculation for December – 125.4 X 2.88 = 361.152
Calculation on 34% DA
After increasing the dearness allowance by 3%, the total DA will be 34%. Now on the basic salary of Rs 18,000, the total annual dearness allowance will be Rs 73,440. But talking about the difference, the annual increase in salary will be Rs 6,480.
Calculation on minimum basic salary
1. Basic salary of the employee Rs. 18,000
2. New Dearness Allowance (34%) Rs.6120/month
3. Dearness Allowance so far (31%) Rs.5580/month
4. By how much dearness allowance increased 6120- 5580 = Rs 540/month
5. Increase in annual salary 540X12 = Rs 6,480
Calculation on maximum basic salary
1. Basic salary of the employee Rs 56900
2. New Dearness Allowance (34%) Rs 19346/month
3. Dearness Allowance so far (31%) Rs 17639 / month
4. How much dearness allowance increased by 19346-17639= Rs 1,707/month
5. Increase in annual salary 1,707 X12 = Rs 20,484
