7th pay commission latest news on DA Hike: Dearness allowance has been announced for central employees. Now it’s your turn to pay. There was no confirmation about the date of its payment yet. But, now its date has also come.
7th pay commission latest news on DA Hike: The day has finally come for the central employees, when the increased dearness allowance money will come in their pocket. Recently dearness allowance has increased to 38 percent. Will have to wait for its payment. Because, the government will announce it in the cabinet meeting. There has been an increase of 4% in dearness allowance. The inflation data through the AICPI-IW index shows the increase in DA. This time 4% DA will be increased from July.
Dearness Allowance increased to 38%
Under the 7th Pay Commission, now all central employees and pensioners will be paid 38 percent DA and DR instead of 34 percent. But, it has not been paid yet. The AICPI index has been above 129. Due to this there has been an increase of 4% in dearness allowance. Central employees can get an idea of the increase in the total salary according to the basic pay grade. Now the question is when will the dearness allowance be paid. According to experts, the government will announce it during Navratri in the month of September and it will be paid in the salary of 30 September 2022.
How will the DA be calculated?
The next installment of DA is to be paid along with the salary of September. It is quite easy to guess how to calculate Dearness allowance. After increasing the Dearness Allowance (DA Hike) by 4 percent, it can be calculated on the Basic Salary. If someone’s salary is Rs 20,000, then at the rate of 4 percent, his salary will increase by Rs 800 in a month.
This formula works
There is a formula for dearness allowance calculation. The formula for central employees is [(Average of All India Consumer Price Index (AICPI) for last 12 months – 115.76/115.76]×100. Now if we talk about Dearness Allowance of people working in PSU (Public Sector Units), then the method of its calculation is- Dearness Allowance Percentage = (Average of Consumer Price Index of last 3 months (Base Year 2001=100)- 126.33))x100
How much salary will increase, understand DA Calculation
According to the 7th pay commission, there will be a bumper increase in the salary of officer grade. If someone’s basic salary is Rs 31,550. If you calculate on this then…
Basic Pay – Rs 31550
- Estimated Dearness Allowance (DA) – 38% – Rs 11,989 per month
- Existing Dearness Allowance (DA) – 34% – Rs 10,727 per month
- On increasing Dearness Allowance (DA) by 4% – Rs 1262 (every month) will come more
- Annual Dearness Allowance payment – Rs 15,144 (at 38% DA) after 4% hike
Calculation on maximum basic salary
If you calculate in the maximum salary range, then Rs 21622 will be available as DA every month on the basic salary of Rs 56,900. In this way his salary will increase annually by Rs 27312. 2276 rupees will increase in the total month. If we talk about the total annual dearness allowance, then they will get Rs 2,59,464. Till now they are getting Rs 2,32,152.
