7th pay commission HRA Hike: Soon their dearness allowance (DA) may increase from 38 to 39 percent. At present, dearness allowance is being paid at the rate of 34%. Along with Dearness Allowance (DA Hike), there can be a jump in other allowances as well.
7th pay commission HRA Hike: There is big news for central employees. The speed with which inflation is increasing will also lead to a jump in the allowances given to the central government employees. There is an increase in Dearness Allowance (DA) every 6 months, but now their House Rent Allowance can also increase quickly. This will happen because, the government has already issued notification for this. By the year 2023, the HRA of the employees will increase. However, this will happen only if there is a jump of 16 per cent in dearness allowance from the current 34 per cent. After July 2022, the dearness allowance is expected to increase by 4-5 percent.
HRA: When will be the next revision
Soon his Dearness Allowance (DA) may increase from 38 to 39 percent. At present, dearness allowance is being paid at the rate of 34%. Along with Dearness Allowance (DA Hike), there can be a jump in other allowances as well. The most important and important of these is the House Rent Allowance.
In the year 2021, after July, the HRA was also revised with the dearness allowance crossing 25%. In July 2021, the government increased the Dearness Allowance to 28 percent. The current rates of HRA are 27%, 18% and 9%. Now the question is, when will the next revision of HRA happen after the increase in DA?
HRA: Employees get benefits
According to DoPT, revision of House Rent Allowance (HRA) for central employees (Kendriye Karamchari) is done on the basis of Dearness Allowance (DA). It is certain that there will be three changes in dearness allowance till next year. Meaning after increasing in July 2022, DA will increase three times more. In such a situation, there is every possibility of it crossing 50 percent. In such a situation, the HRA will increase in the year 2023. According to the category of the city, HRA is being given at the rate of 27 percent, 18 percent and 9 percent. This hike along with DA is applicable from July 1, 2021. The government, in a memorandum issued in 2015, had said that HRA would be revised from time to time along with DA.
HRA: Allowance will increase by 3%
The next revision in house rent allowance will be of 3%. HRA will be increased to 30 percent from the existing maximum rate of 27 percent. But, this will happen when Dearness Allowance (DA Hike) reaches 50%. If DA crosses 50%, HRA will become 30%, 20% and 10%. The category of House Rent Allowance (HRA) is according to the X, Y and Z class cities. Central employees who fall in the X category are getting 27 percent HRA, which will be 30% if there is 50% DA. At the same time, it will increase from 18 percent to 20 percent for Y class people. For Z class people, it will increase from 9 percent to 10 percent.
How much money will increase if HRA increases?
According to the 7th Pay Commission matrix, the maximum basic salary of central employees is Rs 56,900 per month, then his HRA is calculated at 27 percent. If you understand by simple calculation…
HRA = Rs 56900 x 27/100 = Rs 15363/month
Having 30% HRA = Rs 56,900 x 30/100 = Rs 17,070/month
Total difference in HRA: Rs 1707/month
Increase in annual HRA – Rs 20,484