7th pay commission, How To Earn: A great news is coming out for the central government employees. There is going to be a big increase in his salary again.
7th pay commission, How To Earn: A great news is coming out for the central government employees. There is going to be a big increase in his salary again. In March 2023, the government increased his dearness allowance (DA) to 42 per cent. The news is that soon the dearness allowance, which will be applicable from July 2023, will also start getting. There is also a possibility of an increase of 4 percent in this.
It is reported that after the DA Hike, now the next revision is of HRA (House Rent Allowance). Let us know when and how much it is likely to increase.
This update came in front regarding HRA
The HRA was revised in July 2021 as soon as the dearness allowance crossed 25%. The existing rates of HRA are 27%, 18% and 9%. However, now dearness allowance has increased to 42 per cent. Now the question is, after the ever-increasing DA, when will be the next revision of HRA?
The government had told when the next HRA revision would happen
According to the Department of Personnel and Training (DoPT), the revision of House Rent Allowance (HRA) for central employees is done on the basis of dearness allowance. According to the category of cities, the current rate is 27 per cent, 18 per cent and 9 per cent. This increase is applicable from 1 July 2021 along with DA. But, according to a memorandum issued by the government in 2016, the HRA will be revised from time to time along with the DA hike. The last revision has been done in 2021. Now the next revision will be in the year 2024.
HRA will increase by 3% more
The next revision in house rent allowance will be 3%. The maximum rate of HRA will increase from the existing 27 percent to 30 percent. But, this will happen when the dearness allowance will be 50%. According to the memorandum, HRA will be 30%, 20% and 10% when DA crosses 50%. The category of House Rent Allowance (HRA) is according to X, Y and Z class cities. The central employees who fall in the X category are getting 27% HRA, which will be 30% if DA is 50%. At the same time, for Y class people, it will increase from 18 percent to 20 percent. For Z class people, it will increase from 9 percent to 10 percent.
