7th Pay Commission today latest news:

7th Pay Commission today latest news

 

: New year has brought good news for the central employees. The employees were waiting for January 2022. Dearness allowance for the first half of the year 2022 is to be announced. Meaning that the first installment of Dearness Allowance (DA Hike) which increases twice a year can be called. It has been confirmed how much dearness allowance news will increase in January 2022. There is going to be a bumper increase in the salary of the employees once again. This increase in dearness allowance will be from July to December 2021. Although, it will be announced later, but it is certain that the employees and pensioners are going to get good news

AICPI-IW figures increase
The Labor Ministry has released the All India Consumer Price Index (AICPI-IW) data for November 2021. The figure for November has increased by 0.8 percent compared to October. The AICPI-IW has reached 125.7 in November. In October 2021 it was at 124.9. The difference of these numbers will directly affect the dearness allowance. These figures give an idea of ​​how much allowance the government will give to the employees and pensioners as compared to dearness.

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7th Pay Commission latest news today DA Hike DR hike Central government employees 20 thousand basic salary increment house rent allowance new update

3% DA set to increase

According to DA experts, All-India CPI-IW has increased well in November. Looking at the current data, it is clear that DA should increase by 3% in January 2022. Had there been a fall in the All-India CPI-IW in November, the DA would have increased by only 2 per cent. But, now that the number has increased, the dearness allowance is almost certain to increase by 3 per cent. At present, central employees are getting DA at the rate of 31 percent.

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7th Pay Commission latest news today DA Hike DR hike Central government employees 20 thousand basic salary increment house rent allowance new update

Calculation of existing DA
Salary Calculation on 31% Dearness Allowance

 

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Basic Pay – Rs 18,000
31 percent DA- Rs 5580
27% HRA – Rs 5400
Traveling Allowance (TA) – Rs 1350
DA on TA – Rs 419
Monthly gross salary – Rs 30,749
Note: This is an estimated salary. The salary may be higher if other allowances are added to it.

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Calculation of DA on increase of 3%

Basic Pay – Rs 18,000
34% DA- Rs 6120
27% HRA – Rs 5400
Traveling Allowance (TA) – Rs 1350
DA on TA – Rs 419
Monthly gross salary – Rs 31,289
Note: This is an estimated salary. The salary may be higher if other allowances are added to it.

Calculation of maximum basic salary of Level-1 at Rs 56,900 at 34% dearness allowance

1. Basic salary Rs 56,900
2. New Dearness Allowance (34%) Rs.19,346/month
3. Existing Dearness Allowance (31%) Rs.17,639/month
4. How much dearness allowance increased by 19,346-17,639 = Rs 1707/month
5. Increase in annual salary 1707X12 = Rs 20,484

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