7th Pay Commission DA Update: For the last two months, there was a lot of discussion about dearness allowance of central employees. But, the wait for dearness allowance is over. Announcement has been made regarding dearness allowance.
This time the dearness allowance has been increased by four percent. After the data of All India Consumer Price Index-Industrial Workers came out, it was certain that there would be a good increase in dearness allowance. The index has gained 0.2 points in the month of June. Now dearness allowance will be paid next month.
How was it decided how much DA would increase
The figures for the first half of AICPI-IW were released. In this the index rose 0.2 points to 129.2. The government uses the data of this index to decide the dearness allowance of the employees. The DA in the index has increased by 4 percent. Experts are claiming that dearness allowance will be increased by 4 percent (DA hike 4%). More than one crore central employees and pensioners will get its benefit.
Dearness allowance increased to 38 percent
The DA of central employees has been increased by 4%. The government has announced this. The hike in DA depends on the data of AICPI. The figures for the first half of AICPI-IW have been released. According to the AICPI index, now the new figure has increased by 0.2 to 129.2.
When will 38 percent DA money come in the account?
After the increase of 4 percent in DA, the total dearness allowance of central employees has gone up to 38 percent. Earlier, the dearness allowance of the employees was 34 percent. Dearness allowance will be paid in the salary of September 2022 while the increased DA has been implemented from the month of July.Â
That is, the arrears of two months of July and August will also come in the account of the employees. During this festival a huge amount will come in the account of the employees. After increasing the dearness allowance by 4 percent, the total dearness allowance of central employees (CG employees) has gone up to 38 percent. The new dearness allowance will be paid in the salary of September 2022.Â
In this, the money for the arrears of two months of July and August will also come. The new dearness allowance will be deemed to be applicable from July 1, 2022. Overall, the government will give it during Navratri. This will put a huge amount in the pockets of the employees.
AICPI reached 129.2 in June
We have the figures for the first half. By combining the data of June, this index has now reached 129.2. In May, the AICPI index was at 129 points.
Calculation on maximum basic pay
- Basic pay of employee Rs 56,900
- New Dearness Allowance (38%) Rs 21,622/month
- Dearness Allowance till date (34%) Rs 19,346/month
- By how much dearness allowance increased by Rs 2260 per month?
- Annual salary hike of Rs 27,120
Calculation on Minimum Basic Wage
- Basic Pay of Employee 18,000
- New Dearness Allowance (38%) Rs.6840/month
- Dearness Allowance till date (34%) Rs.6120/month
- By how much dearness allowance was increased by 1080/month
- 8640 increase in annual salary
