7th pay commission Latest Update – A big update has come out for central employees. Actually, a news has come out that the central employees are going to get a big gift after the Lok Sabha elections (2024). One month after the elections, there will be a huge increase in the dearness allowance of the employees. Along with this, changes will be made in HRA and gratuity. A huge jump in the salaries of employees is certain. Let us know in the news below –
After the Lok Sabha elections, crores of central government employees are going to get great news. The results of the Lok Sabha elections will be announced on June 4. The dearness allowance of central employees will increase from the very next month i.e. from July 1. Similarly, the dearness relief (DR) of central government pensioners will also increase.
However, looking at the pattern so far, this allowance is expected to be announced in September or October. Let us tell you that according to the recommendations of the 7th Pay Commission, the government increases the allowance twice a year. This increase is done on half yearly basis.
Know the increase in January half year
In March 2024, the central government had increased the dearness allowance hike and dearness relief by 4% for the January to June half year. With this increase, the DA of central employees increased to 50%, providing various reliefs on different fronts to lakhs of central government employees and pensioners across the country.
There will be a big change in HRA and gratuity –
With DA reaching 50%, there was a change in the salary structure of central employees. Under this, the house rent allowance for central employees was also increased. In another important change, the tax exemption limit on gratuity was increased from Rs 20 lakh to Rs 25 lakh.
This means that in the event of retirement or death of an employee, their family can receive a higher gratuity amount, ensuring better financial stability. Let us tell you that gratuity update is a lump sum payment made to those employees who have served in a company for five years or more continuously. It is paid by the employer at the time of retirement or resignation.
Allowances like hostel subsidy were revised –
Similarly, allowances like Children’s Education Allowance (CEA) and Hostel Subsidy were also revised by 25%. Government employees can now claim a fixed amount of Rs 2,812.5 per month for CEA allowance. Employees can also get a subsidy of Rs 8,437.5 per month for hostel expenses.
