7th Pay Commission DA Hike: The wait for the central employees on the Dearness Allowance (Mehngai Bhatta) of July is about to end. It is going to be announced soon by the government. Its date has also been fixed. According to the sources of the associate website Zee Business, the formal announcement of Dearness Allowance will be done on 28 September i.e. on the third Navratri. The salary for September will come with a two-month arrear.
What will be the increase in DA?
The government bases the data of AICPI-IW (All India Consumer Price Index- Industrial Worker) index to decide the Dearness Allowance of the employees. The figures for the first half of AICPI-IW have been released. The index has reached 129.2 in June. Due to the rapid increase in the index, an increase of 4 percent in DA is believed to be fixed.
The increased DA money will come on this date , after the increase of 4 percent in Dearness Allowance, the dearness allowance of central employees will become 38%. The increased dearness allowance will be paid in the salary of September 2022. It will be implemented from July 1. On the auspicious days of Navratri, paying it on behalf of the government will bring big money in the pockets of the employees.
How much will the DA become
, if there is an increase of 4 percent in the dearness allowance, it will increase to 38 percent. At present, 34 percent dearness allowance is being given to the central employees by the government. With DA being 38 percent, there will be a good jump in salary. Let us see how much the minimum and maximum basic salary will increase with 4 percent DA?
Calculation on maximum basic salary
1. Basic salary of employee Rs 56,900
2. New dearness allowance (38%) Rs 21,622/month
3. Dearness allowance so far (34%) Rs 19,346/month
4. How much dearness allowance increased by 21,622-19,346 = Rs 2260/month
5. Increase in annual salary 2260 X12 = Rs 27,120
Calculation on minimum basic salary
1. Basic salary of employee Rs 18,000
2. New dearness allowance (38%) Rs 6840/month
3. Dearness allowance so far (34%) Rs 6120/month
4. How much dearness allowance increased 6840-6120 = Rs.1080 /month
5. Increase in annual salary 720X12= Rs.8640
