New Delhi , With the increase of 4% dearness allowance of employees, a decision can be taken on the outstanding DA arrear of 18 months. On the other hand, with the increase of DA, one can get the benefit of house rent allowance, travel allowance, gratuity and other allowances.
Along with increasing DA, the amount of PF and Gratuity of the employees will also increase. At the same time, City and Travel Allowance will also increase.
Apart from this, revision in HRA of Central Employees will also be done on time. Its benefit will be more than 47.68 lakh central employees and more than 68.52 lakh pensioners. There will be a jump in salary from 20 thousand to 2.50 lakh.
Dearness allowance will increase by 4%?
- The Modi government at the Center can announce an increase in 4% dearness allowance and dearness relief for the second half in August. After the release of the June data of the AICPI index, it is believed that the DA of the employees will increase by 4 to 5%. If it is implemented from July 1, then the arrears of July-August will also be available.
- If the basic salary of a central employee is Rs 20,000 per month, then at the current rate of 34 per cent, he is getting DA of Rs 6,800 per month, then at 38 per cent, the amount will increase by Rs 800 per month to 7,600. That is, you will get a profit of Rs 9,600 annually, according to this, the annual DA of an employee with basic salary of Rs 20,000 will be Rs 91,200.
- If we look at the maximum basic salary of Rs 56,900, then the total increase in annual dearness allowance will be Rs 27312. That means Rs 2276 will increase every month against the existing DA. His total annual DA will reach Rs 2 lakh 59 thousand 464.
18 Months DA Arrear to be paid?
- The outstanding DA arrears of 18 months of central employees-pensioners (7th Pay Commission Central Government employees) can also be considered. In this regard, a meeting of the Joint Advisory Mechanism (JSM) of the officers of the Department of Personnel and Training and Department of Expenditure (DOPT) of the Ministry of Finance may be held soon. However, the official confirmation is yet to be done. will get accordingly.
- If calculated for Level-13 (7th CPC basic pay scale Rs 1,23,100 to Rs 2,15,900) or Level-14 (pay scale), dearness allowance arrears in the hands of an employee is Rs 1,44,200 to 2 Rs 18,200 will be paid.
- If the employee’s basic salary is Rs 18,000, he can get arrears of DA for 3 months (4,320+3,240+4,320) = Rs 11,880. If the employee’s basic salary is Rs 56,000, he can get 3 months (13,656 + 10,242 + 13,656) ) = Rs 37,554 DA arrears. Level-13 (7th CPC basic pay scale Rs. 1,23,100 to Rs. 2,15,900). Level-14 (pay-scale) will get DA arrears of Rs. 18,200 Rs.
Possible increase in house rent allowance?
Currently, HRA rates are 27%, 18% and 9% depending on the category of the city, it is possible to increase it up to 3%. It is believed that soon the HRA of X category employees can be increased by 3 percent, Y category HRA by 2 percent and for Z category 1 percent HRA can be increased. Thereafter, it will increase from 27% to 30%, albeit in case the DA rises from 34 per cent to 50 per cent.
According to the 7th Pay Matrix, the maximum basic salary of employees is Rs 56,900, then if HRA is 27 percent, there will be a profit of 20,484 in the salary. For example, if the house rent allowance is Rs 56900 x 27/100 = Rs 15363 per month, then 30% HRA If it is Rs 56,900 x 30/100 = Rs 17,070 per month, that means the total difference will be Rs 1707 per month.
The annual HRA will increase by Rs 20,484. This rate varies according to the area and city, currently the minimum HRA for all three categories is Rs 5400, 3600 and 1800. According to the same 7th Pay Matrix, the minimum salary of the employees is 18000 and the maximum basic salary is Rs 56,900.
These allowances will also increase
According to media reports, along with dearness allowance, employees will also get the benefit of House Rent Allowance, Travel Allowance, Provident Fund, City Allowance and Gratuity.
