If we look at the maximum basic salary of Rs 56,900, then the total increase in annual dearness allowance will be Rs 27312.
Before Ganesh Chaturthi, there is good news for Central Employees Pensioners and pensioners. There may be an increase in dearness allowance once again. It is expected that after the data of AICPI-IW Index, this time 4% dearness allowance may increase again. If this happens, there will be a bumper jump in the salary and pension amount. 47.68 lakh central employees and 68.52 lakh pensioners will get the benefit of this. However, no confirmation has been received from the government yet.
In fact, at present, DA is being paid to central employees at the rate of 34 per cent. Since, on the basis of the recommendations of the 7th Pay Commission of the central employees, DA is increased twice every year on half yearly basis. After January 2022, now the DA is to be increased for the second half. The central government increases the rates of dearness allowance based on the AICPI index. The Ministry of Labor and Employment has released the data from January to June 2022, in which the index rose by 0.2 points to 129.2, in which the dearness allowance and dearness relief are expected to increase by 4%.
According to the latest media reports, the DA/DR of central employees and pensioners can be increased by 4% before Navratri, after which the total DA of the employees will increase from 34% to 38%. If this will be implemented from July, then you will get arrears of 2 months. The increased DA salary will be paid in October. At the same time, an increase of 1600% has also been registered in the dearness relief given to the pensioners of the Central Government since 2016. With effect from July 1, 2016, the rate of DR was 2% of the basic pension family pension, however it increased to 5% on July 1, 2019. While the DR rate saw a major increase of 14% on July 1, 2021, the DR was increased by 1600% from 2016.
Whose salary will increase, see calculation
- If the basic salary of the employee is Rs 18,000, then dearness allowance of Rs 6,840 will be available at the rate of 38%. In this way, he will get an annual salary of Rs 8,640 more.
- If the basic salary of the employee is Rs 20,000 per month, then at 38%, the amount will increase by Rs 800 to 7,600 per month. That is, you will get a profit of Rs 9,600 annually. Accordingly, the annual DA of an employee with a basic salary of Rs 20,000 will be Rs 91,200.
- If someone’s basic salary is Rs 31,550, then an increase of 4 percent DA will give a benefit of Rs 15,144.
- If we look at the maximum basic salary of Rs 56,900, then the total increase in annual dearness allowance will be Rs 27312. That means Rs 2276 will increase every month against the existing DA. His total annual DA will reach Rs 2 lakh 59 thousand 464.
- If the central government increases DA by 4%, then the employee who is getting the basic Rs 30 thousand now will get the total dearness allowance of Rs 11,400 if the DA is 38%. That is, the salary of the employee will directly increase by Rs 1,200 every month and a total of Rs 14,400 more salary will be received in a year.
You will also get the benefit of 3 allowances
Monthly PF and gratuity of central employees is calculated from basic salary and DA, so if dearness allowance increases then PF and gratuity will also increase. Along with dearness allowance, employees can also be increased in House Rent Allowance, Travel Allowance, Provident Fund, City Allowance and Gratuity. Travel allowance is divided into 3 classes on the basis of pay matrix level In this, cities and towns are divided into two classes. If we look at the formula for the calculation of TA, then Total Transport Allowance = TA + [(TA x DA% )\/100 ] .
