7th pay commission latest news: The increase in Dearness Allowance (DA) has benefited other allowances as well. Dearness allowance was increased by 4 percent to 50 percent and HRA was also increased by 3,2,1 percent. Apart from this, Travel Allowance (TA) has also increased.
7th pay commission latest news: The month of March was very good for the central employees. The Union Cabinet approved 4 percent increase in dearness allowance (DA Hike). Dearness allowance has increased to 50 percent. Revision was also done in HRA. But, the happiness for the central employees did not stop here.
Apart from Dearness allowance and HRA, there are 9 such allowances, the benefit of which is being given to the central employees. These allowances have also increased.
Benefit of 50 percent dearness allowance
The increase in Dearness Allowance (DA) has also extended to other allowances. Dearness allowance was increased by 4 percent to 50 percent and HRA was also increased by 3,2,1 percent. Apart from this, Travel Allowance (TA) has also increased. The benefits of all these allowances will be available from March 31.
Which allowances increased?
There has been a huge increase in 9 allowances including dearness allowance of central employees.
- Â House Rent Allowance (HRA)
- Children’s Education Allowance (CAA)
- Childcare Special Allowance
- Hostel Subsidy
- TA on Transfer (Transportation of Personal Effects)
- Gratuity Limit
- Dress Allowance
- Mileage Allowance for Own Transport
- Daily allowance
Now will the mathematics of dearness allowance change?
While implementing the 7th Pay Commission in the year 2016, the government had reduced dearness allowance to zero. According to the rules, as soon as the dearness allowance reaches 50 percent, it will be reduced to zero and the money that the employees will be getting as allowance according to 50 percent will be merged into the basic salary i.e. minimum salary.
Will go. Suppose the basic salary of an employee is Rs 18000, then he will get 50 percent DA of Rs 9000. But, once the DA is 50 percent, it will be added to the basic salary and the dearness allowance will again be reduced to zero. This means the basic salary will be revised to Rs 27,000. However, for this the government may have to make changes in the fitment also.
When will dearness allowance become zero?
According to experts, the new dearness allowance will be calculated in July. Because, the government increases dearness allowance only twice a year. Approval for January has been given in March. Now the next revision is to be implemented from July 2024. In such a situation, dearness allowance will be merged only and it will be calculated from zero.
Meaning, the AICPI index from January to June 2024 will decide whether dearness allowance will be 3 percent, 4 percent or more. As soon as this situation is cleared, 50 percent dearness allowance will be added to the basic salary of the employees.
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