7th Pay Commission: If you are a central employee then your salary is going to increase soon. Only a few days are left for the decision of DA hike to come. Due to increase in DA, dearness allowance of central employees and dearness relief of pensioners will increase.
It is being speculated that the government may give this good news to the central tax collectors on Holi. At the same time, the cabinet meeting is to be held on March 1 next month. DA hike is expected to be approved in this meeting. In view of the inflation of industry workers, this time dearness allowance can be increased by 4%.
DA may increase by 4%
Let us tell you, the increase in DA of central employees is done in view of inflation. The higher the inflation, the higher the DA increases. This is the retail inflation of industry workers (CPI-IW). Considering the retail inflation of industry workers, this time DA is expected to increase by 4.23%. At present the DA of central employees is 38%. After an increase of 4 percent, it will become 42%.
Understand how much salary will increase like this
If the basic salary of a central employee is Rs 18,000 per month, then according to 38% DA, he is getting dearness allowance of Rs 6,840. This time DA can increase by 4%. On a basic salary of Rs 18,000, it will become Rs 720. In this way, after the increase in DA, an employee with a basic salary of Rs 18,000 will get dearness allowance of Rs 7,560.
Suppose, the basic salary of an employee is Rs 18,000 per month.
Monthly Dearness Allowance at the current rate of 38%: 18000 x 38 /100 = 6,840
Annual Dearness Allowance at current rate of 38%: 6,840 x 12 = 82,080
Monthly Dearness Allowance after DA hike: 18000 x 42 / 100 = 7560
Annual DA after DA increase: 7560x 12= 90,720
