7th Pay Commission Latest News: If you or any member of your family works for the central government, then this news will make you happy. There will be a huge increase in dearness allowance in the month of July. According to the AICPI index statistics for the month of May, it is obvious that this time DA Hike will win your heart.
Huge jump in AICPI Index
The DA is expected to climb at least 6% in July after February. After April, there was a significant increase in the May AICPI index, this time after a gain of 1.3 points, it is now at 129 points. Only June figures have not been released yet. On reaching the level of the AICPI Index in June, there will be a compulsorily increase of 6 per cent in DA.
The AICPI index was 125.1 in January 2022, which had come down to 125 in February. After the release of the figures for February, there was a stir among the central employees. It was not anticipated that this number would increase his DA. However, after that this number increased rapidly and now it has reached 129 points in May, thus paving the way for an increase in DA.
It had earlier increased by 1 point to 126 points during February to March. After that in April it rose by 1.7 points to 127.7. Similarly, it rose again in May, raising the number by 1.3 points to 129. Now it is estimated to cross 130 in June. In this case DA will undoubtedly increase by 6 per cent. If DA increases by 6%, it will increase to 40%. At present, the government gives 34% dearness allowance to central employees. There will be a massive 40 per cent hike in salary with DA.
Salary will increase up to 40,000
Finally the wait of central employees is over. Now the salary of the employees is going to increase up to Rs. Today it will be clear that how much will be the increase in DA of the employees. Actually, the government is going to increase the dearness allowance of central employees. According to the data of AICPI so far, the veil has been lifted from the 5 per cent DA hike. But today the AICPI inflation data for May is going to come, if this figure increases then the government can announce a 6 percent increase in the employees’ allowance (DA Hike), know how much will your salary increase?
By how much will the dearness allowance increase?
Actually, the increase in DA depends on the data of AICPI. There was a jump in the AICPI index in March and April 2022, which has become evident from the 5% hike in Dearness Allowance (DA). That is, the DA of the employees will increase from 34 percent to 39 percent. But after the May figures come today, there is a possibility of an increase of 6% in the DA of the employees.
Know what the AICPI Index says
Actually, there was a decline in the AICPI Index in the months of January and February this year, but after that the figures of AICPI are increasing. It rose to 125.1 in January, 125 in February and 126 in March. Now the figures for April have also come out. According to the data of April, the AICPI Index has come down to 127.7. There has been an increase of 1.35 percent in this, now the figure for May is coming. If this figure increases in May also, then there may be a 6 percent increase in DA (6 percent hike in DA).
Calculation on maximum basic salary
- Basic salary of the employee Rs 56,900
- New Dearness Allowance (40%) Rs 22,760/month
- Dearness Allowance so far (34%) Rs 19,346/month
- How much dearness allowance increased 22,760-19,346 = Rs 3,414/month
3,414 X12 = Rs 40,968
Calculation on minimum basic salary
- Basic salary of the employee Rs 18,000
- New Dearness Allowance (40%) Rs 7,200/month
- Dearness Allowance so far (34%) Rs 6120/month
- How much dearness allowance increased 7200-6120 = Rs 1080/month
- Increase in annual salary 1080 X12 = Rs 12,960
