look news india
7th Pay Commission Latest: Just before Holi, Modi government has given great news to the central employees. In fact, in the Union Cabinet meeting today on Thursday, 4 percent increase in Dearness Allowance (DA) has been approved. Due to this, the allowance of central employees has increased to 50 percent. Let us tell you that at present the allowance is 46 percent. After this increase it will become 50 percent.
The new decision of the government will be applicable from January 1, 2024 to June 2024. With this decision, there will be a big increase in the allowances of more than one crore central employees and pensioners of the country. Let us tell you that this is the third consecutive half when DA has increased by 4 percent.
HRA will also increase
Now after the new increase, DA will reach 50 percent. According to the recommendations of the 7th Pay Commission, this increase is certain to increase the take-home salary package of central government employees. According to the recommendations of the Seventh Pay Commission, cities have been divided into three categories for HRA increase. These categories are- X, Y and Z.
If an X category employee lives in cities/towns, his HRA will increase to 30 percent. Similarly, HRA rate for Y category will be 20 percent and for Z category it will be 10 percent. Currently, employees residing in cities/towns X, Y and Z get 27, 18 and 9 percent HRA respectively.
Gratuity limit also increased: Giving information about the cabinet meeting, Union Minister Piyush Goyal said that this decision will increase the burden on the government by Rs 12,869 crore. Piyush Goyal said that HRA will also increase with this decision. Apart from this, the limit of gratuity has also been increased. Gratuity limit has been increased from Rs 20 lakh to Rs 25 lakh. According to Piyush Goyal, with this increase, central employees will get many big benefits in different categories.
It was also announced in October 2023
Earlier in October 2023, the government had increased DA by 4 percent. Under this, dearness allowance and dearness relief were increased by 4 percent to 46 percent from July 1, 2023.