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HomePersonal Finance7th pay commission: Dearness allowance will increase by 42% next year, know...

7th pay commission: Dearness allowance will increase by 42% next year, know latest updates

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7th pay commission DA Hike Update: Central employees are getting 38 percent dearness allowance from July 2022. Now the next revision is to be in January 2023. Its figures have started coming. The dearness allowance figures from July to September have come. At the end of November, the number of October will also come.



New Delhi: 7th pay commission DA Hike Update: The coming year is going to be much better for central employees. From the year 2023 itself, preparations will start regarding the increase in his salary. But, one gift that they will get without any planning is dearness allowance. It is available every year and will continue to be available in the future.

DA Hike will be up to 4 percent in January

Central employees are getting 38 percent dearness allowance from July 2022. Now the next revision is to be in January 2023. Its figures have started coming. The dearness allowance figures from July to September have come. At the end of November, the number of October will also come. It is clear from this that there can be an increase of 4 percent in the dearness allowance next time also.

Last month, there was a decrease in retail and wholesale inflation. But, global inflation still remains very high. Its effect may still be there. In such a situation, there is only hope of increase in dearness allowance. According to the figures that are being seen so far, it can be a DA Hike of up to 4 percent. If there is an increase of 4 percent in January also, then the dearness allowance will reach 42 percent.

Dearness allowance will be revised up to 50 percent

Dearness allowance is revised every six months for the employees. But, a condition has been added to it under the 7th Pay Commission. That is, when the dearness allowance of the employees crosses 50 per cent, it will be merged with the basic salary and DA will be reduced to zero.

When it is 50 percent, the money that the employees will be getting as dearness allowance will be added to the basic salary and the revised salary will be added to the allowance money. The minimum basic salary of a Level-3 employee is Rs 18000. Suppose DA increases to 50%, then the employee will get Rs 9000 as allowance. If we add this amount of Rs 9000 to the basic salary, then the basic salary of the employee will be Rs 27000. And from here the dearness allowance will be zero.

Pravesh Maurya
Pravesh Maurya
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
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