This time the government can increase the DA of the employees by 4 percent. The Modi government can increase the DA of central employees from 38 percent to 42 percent. Tomorrow is Holi, after that it is expected that the government will give gifts to the government employees.

Salary of government employees increases twice a year

Dearness Allowance (DA) and Dearness Relief (DR) of government employees are revised twice in a year. It is considered applicable from 1 January and 1 July. The government can increase DA from 38 percent to 42 percent. That is, there will be a total increase of 4 percent in DA. This will benefit lakhs of government employees.

The last revision in DA was done on 28 September 2022, which was considered to be applicable from 1 July 2022. The central government had increased DA from four per cent to 38 per cent based on the percentage increase in the 12-monthly average of the All India Consumer Price Index.

There will be so much increase in salary

Right now the DA of the employees is 38 per cent. Suppose if your basic salary is Rs 18,000 per month under Level 1 pay scale, according to 38% DA, the employees would be getting Rs 6,840 DA at present. If there is an increase of 4 percent in it, then it will increase to 42 percent. 18,000 a month, then your DA will increase to Rs 7,560. There will be a total increase of Rs 720 per month in your DA.

The post 7th Pay Commission DA Hiake: Government will announce to increase DA by 4% first appeared on Rightsofemployees.com.

According to media reports, the central government is planning to increase DA from the existing rate of 38% to 42% and revise the fitment factor for lakhs of employees after Holi. Holi is on March 8, so it is expected that the government may announce it after Holi.

Salary will increase so much – fitment factor will be revised

If the media reports are correct, then an employee with a salary of Rs 15,500 in 4200 grade pay, as per the 6th Central Pay Commission, multiplying (Rs 15,500 x 2.57) the total salary will be Rs 39,835. At present the common fitment factor is 2.57% and on the basis of this the employees get salary.

Earlier, the 6th CPC had approved the fitment ratio at 1.86%, while the 7th CPC recommended 2.57%, at which the employees are getting their salaries. But now the employees are demanding that the fitment factor be increased to 3.68. If the central government accepts the demand of the employees, then the minimum basic pay of the employees will increase from Rs 18,000 to Rs 26,000.

Government will increase DA

According to media reports, the new salary will be applicable from January 23. Dearness Allowance (DA) and Dearness Relief (DR) of government employees are revised twice in a year. It is considered applicable from 1 January and 1 July. The government can increase DA from 38 percent to 42 percent. That is, there will be a total increase of 4 percent in DA. This will benefit lakhs of government employees.

The post 7th Pay Commission: Big news for government employees, DA hike will be announced after March 8 first appeared on Rightsofemployees.com.

According to the information given by the Finance Ministry, this rate is valid from January 1, 2023 to March 31, 2023.This rate is effective from January 1, 2023.

What is GPF: Government employees are eligible in the General Provident Fund ie GPF. Under this, employees are allowed to contribute a certain percentage of their salary to GPF. Whereas, the total amount accumulated during the employment period will be paid to the employees at the time of their retirement. The contribution made to GPF is also exempt under section 80C of income tax.

Explain that the government revises the interest rate on GPF every quarter. This interest rate is also applicable to All India Services Provident Fund, Armed Forces Personnel Provident Fund, State Railway Provident Fund and other government-run provident funds.

When to decide on allowance: The central government can take a decision on dearness allowance or dearness relief of its employees in March. This decision will be effective from 1 January 2023.It is estimated that the government may increase the interest rate by up to 4 per cent for the first half.

The post Big decision on PF came before DA, government employees will be affected first appeared on Rightsofemployees.com.

Tripura CM Manik Saha has announced a 12 percent increase in Dearness Allowance (DA) and Dearness Relief (DR) for state government employees and pensioners. State government employees and pensioners are happy with this announcement made by the government.

The increase will be applicable from 1 December This increase made by the government will be applicable from 1 December. That is, the salary of the employees who will get on December 31 will come with 20 percent DA. With this increase, the DA of state government employees has increased from 8 percent to 20 percent.

Saha said during the press conference, ‘This decision will benefit 1,04,600 permanent employees and 80,800 pensioners. An announcement has also been made by the government for temporary employees. The government has almost doubled their remuneration by increasing it.

The state government revised the salary structure.

The Chief Minister said that increasing the DA/DR by 12 per cent would put an additional burden of Rs 120 crore on the state government every month. This is an additional burden of Rs 1,440 crore on an annual basis. Saha said that despite the paucity of resources, the state government has revised the pay structure. This will benefit lakhs of employees and their families. Let us tell you that assembly elections are to be held in the Northeast in February.

Apart from this, the employees and pensioners of the central government are also going to get the gift of DA and DR hike in the new year. Right now the DA of central employees is 38 percent. In the coming time, the government can increase it by 4 percent. With this it will increase to 42 percent.

The post Dearness Allowance Increased: Good news for employees! the government increased DA by 12 percent first appeared on Rightsofemployees.com.