7th Pay Commission Update: There is big news for Central Government Employees. Big information is coming out from the Central Government regarding DA Hike Calculation. Now the DA of the employees will be increased in the month of July.
7th Pay Commission Update: There is big news for Central Government Employees. Big information is coming out from the Central Government regarding DA Hike Calculation. Now the DA of the employees will be increased in the month of July, but this time the government can change the DA calculation. At present, the employees are getting dearness allowance at the rate of 42 per cent. The government has increased the DA by 4 percent in the month of March itself, but now there is going to be a big change in the DA (Dearness allowance) calculation in the month of July.
Information is obtained from AICPI Index
According to the information received from the AICPI Index, an increase of 3 percent can be seen in the dearness allowance. Experts believe that in the upcoming figures, it will be clear that there can be an increase of up to 4 percent in DA.
There is improvement in the standard of living
Let us tell you that dearness allowance is given to the employees by the central and state government. Due to rising inflation across the country, the government revises DA twice a year. This also improves the standard of living of the employees. Dearness Allowance (DA) is given to the employees and dearness relief to the pensioners.
How is dearness allowance calculated on salary
Under the Seventh Pay Commission, dearness allowance will be calculated on the basic salary of salary employees. Explain that if the minimum basic salary of any employee is Rs 25,000, then his dearness allowance will be 34 percent of Rs 25,000. Means it will be around 8500 rupees. Please tell that this is just an example.
Changes are made by the Ministry of Labor
According to the information received from the Ministry of Labor, the formula for DA calculation was changed by the government. The Ministry of Labor changed the base year of Dearness Allowance in 2016 and released a new series of Wage Rate Index (WRI-Wage Rate Index). The Ministry of Labor said that the new series of WRI with base year 2016=100 replaced the old series of base year 1963-65