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7th Pay Commission News: The dearness allowance of central employees may increase soon. But it will be announced in September. According to sources, the Labor Bureau is currently in the process of giving the final numbers. The numbers will be announced after they are finalized. It is expected that this time the dearness allowance of central employees will increase by 3 percent under the 7th Pay Commission. After this, a decision will be taken on the increase in dearness allowance in the cabinet meeting to be held in September. If the government announces a 3 percent DA increase, then the dearness allowance of employees will increase from 50 percent to 53 percent.
According to experts, pensioners and employees will benefit from a 3 per cent increase in dearness allowance. Benefit It may happen. If this happens, the dearness allowance of the employees will become 53 percent. It is not likely to become zero. The score of DA determined by the AICPI index is currently 52.91 percent. According to the current trend, even after the June figures come, it will reach only 53.29 percent. That is, it can be increased from 50 to 53 percent. Dearness allowance is calculated from the AICPI index. The inflation data collected from various sectors in the index tells how much the employee's allowance should increase in comparison to inflation.
How much will be the benefit if DA increases?
For this, fill your salary in the formula given below. (Basic Pay + Grade Pay) × DA% = DA Amount.
In simple language, after adding grade pay to the basic pay, the salary is multiplied by the rate of dearness allowance. The result is called dearness allowance (DA). Now let's understand this with an example, suppose your basic salary is Rs 18000 and grade pay is Rs 1800.
Adding both of them gives a total of Rs 19800. Now considering the 53 percent increase in dearness allowance, it comes to Rs 10,494. All together, your total salary is Rs 30294. At the same time, according to 50 percent DA, you are getting a salary of Rs 29700. That means, if the DA increases by 3 percent, you will get a benefit of Rs 594 every month.
What is dearness allowance?
Dearness Allowance is the money given to government employees to maintain their standard of living in lieu of inflation. This money goes to government employees, public sector employees and pensioners. It is calculated every six months according to the current dearness allowance of the country. It is calculated based on the basic salary of the employees based on the pay scale. Dearness allowance may vary for employees in urban, semi-urban or rural areas.
What is the All India Consumer Price Index?
There are two types of inflation in India. One is retail and the other is wholesale inflation. The rate of retail inflation is based on the prices paid by common consumers. It is also called Consumer Price Index (CPI).
