Dearness Relief Calculation: Dearness Relief has been announced for the retired employees of the Centre. How much the salary will increase, it can be calculated as an estimate.
Dearness Relief Calculation: For central employees, the Modi government had announced Dearness Allowance and Dearness Relief for July 2021 before Diwali. There has been an increase of 3 percent in the Dearness Allowance and Dearness Relief (Central Government DA DR News) of the employees. Under the 7th Pay Commission, now pensioners will be paid DR at the rate of 31 percent. It will be paid in the salary for the month of November. 4 months arrears (July, August, September, October) will also be given along with the payment of DR in the salary of November. Central employees can get an idea of the increase in salary according to their basic pay and grade.
How is Dearness Relief calculated?
DR installment will be paid in this month’s salary. But, before that we can guess how it will be calculated and how it will be decided. Dearness Relief (DR Hike) has been increased by 3 percent. It is calculated only on the basic salary. If someone’s salary is Rs 20000, then at the rate of 3 percent, his salary will increase by Rs 600 in a month.
Which formulas work?
There is a formula for the Dearness Relief calculation. The formula for retired employees of the Center is [(Average of All India Consumer Price Index (AICPI) for the last 12 months- 115.76/115.76]×100. Now if we talk about dearness relief to retirees from PSU (Public Sector Units), then the method of its calculation is- Dearness Relief Percentage = (Average of Consumer Price Index of last 3 months (Base Year 2001=100)-126.33) )x100
How much salary will increase, understand DR Calculation
According to the 7th pay matrix, there will be a bumper increase in the salary of officer grade. According to the retired assistant commissioner from EPFO, if someone’s basic salary is currently Rs 31,550. If you calculate on this then…
Basic Pay – Rs 31550
Total Dearness Relief (DR) – 31% – Rs 9781 per month
Dearness Relief so far paid (DA) – 28% – Rs 8834
On increasing Dearness Relief (DR) by 3% – Rs 947 (every month) will come more.
Annual dearness relief payment – Rs 11,364 (total 31 per cent) after 3 per cent hike
You will also get the benefit of arrears
Dearness relief has been implemented from July 2021. This means that the arrears of July, August, September and October also have to be paid. Now if we look at the above calculations, then the pensioners have got the benefit of 947 months. In such a situation, the arrears for the last four months are Rs 3788. Accordingly, they will get Rs 4,735 more in November salary. Now the question is whether the arrears for the last 18 months will be paid or not? Because, the government has announced both dearness allowances for this year (DA news in Hindi). A meeting on this can be held in December.
