7th Pay Commission DA Hike latest update: Cabinet meet on August to decide on da hike, see here latest da hike update
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7th Pay Commission Latest Update: Before Raksha Bandhan, the central employees are expected to get great news. An announcement to increase Dearness Allowance (7th Pay Commission DA Hike) can be made by the government. According to media reports, it is expected to be announced in the cabinet meeting to be held in the first week of August 3. Actually, by July 31, the figures of AICPI will also come, that is, then the curtain will also be raised from the DA increase.
The seal can be put in the middle of the discussion
According to media reports, a meeting of the Union Cabinet, chaired by PM Modi, may be held in the first week of August, in which it may be approved amid discussion on Dearness Allowance and Dearness Relief (DA) for employees. Is. It is expected that the government can increase the Dearness Allowance by 4 to 5 percent.
Dearness Allowance will increase to 39%
At present, the dearness allowance is 34 percent. If the government increases the minimum increase i.e. 4 percent, then the DA is expected to be at least 38%. If this decision is taken by the government, then it will benefit more than 50 lakh central employees and more than 65 lakh pensioners.
Will be effective from 1st July!
If a decision is taken by the government to increase DA, it will be effective from July 1, 2022. It is expected that soon the increased salary and arrears will come in the account of central employees. Talking about the payment of arrears of two months for the employees on the basic pay of 18 thousand, then it is Rs 19,346 per month.
If there is an increase of 4 percent in the Dearness Allowance, then the total dearness allowance of the central employees will reach 38%. At present, dearness allowance is being paid at the rate of 34 per cent. The new dearness allowance will be announced in August 2022. The central government will take a decision on dearness allowance in the cabinet. However, it will be considered applicable from 1st July 2022. Its payment in salary will also be according to the month of July.
Calculation on maximum basic salary
1. Basic salary of employee Rs 56,900
2. New dearness allowance (38%) Rs 21,622/month
3. Dearness allowance so far (34%) Rs 19,346/month
4. How much dearness allowance increased by 21,622-19,346 = Rs 2260/month
5. Increase in annual salary 2260 X12 = Rs 27,120
Calculation on minimum basic salary
1. Basic salary of employee Rs 18,000
2. New dearness allowance (38%) Rs 6840/month
3. Dearness allowance so far (34%) Rs 6120/month
4. How much dearness allowance increased 6840-6120 = Rs.1080/month
5. Increase in annual salary 720 X12=