7th pay commission pay matrix Modi government is preparing to give a big gift soon to the government employees who have been waiting for a hike in DA for a long time.
It is being said that the government may announce an increase in the DA of government employees even before Holi. It is being told that a meeting of the Modi cabinet is going to be held on March 1, in which a decision will be taken in this regard. Please tell that in view of the inflation of industry workers, this time dearness allowance can be increased by 4%.
7th pay commission pay matrix 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 for 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%.
If the basic salary of a central employee is Rs 18,000 a 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.
Know the mathematics of increase in salary
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
