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7th pay commission: Dearness Allowance/Relief (DA/DR) to central employees and pensioners is awaited. It is estimated that the government may take a decision on this in the next week. It is expected that the government will increase the DA/DR by 4%. This increase in DA and DR will be from January 2023 to June 2023 i.e. for the first half. However, let’s know how much salary the employees will get after the hike.
How much salary will increase: With the DA hike of 4%, there will be a big increase in the salary of central government employees. Suppose the basic salary of a central government employee is Rs 25500 per month. At present, DA at 38 per cent works out to Rs 9690. Now if there is an increase of 4% in it, then it will be 42% DA. If we look at the amount, it becomes Rs 10,710. Accordingly, the DA will increase by Rs.10710 – Rs.9690 = Rs.1020.
Increase in Dearness Relief: Similarly, there will be an increase in the DR ie dearness relief of the retired central employee. This is similar to the DA applicable for central government employees. Dearness relief is also likely to increase by 4 percent soon. With the increase in DR, the monthly pension of the Central Government pensioners will increase.
Suppose the basic pension per month is Rs.35,400. At the current 38% DR, the pensioner gets Rs 13,452. If the DR increases to 42 per cent, then Rs 14,868 will be received every month. Accordingly, the amount of pension will increase by Rs 1416 per month.