7th Pay Commission News :Big News! Modi cabinet will take decision on DA Hike and 18 months arrears today! Know how much your salary will increase so much

0
1060
7th pay commission: Good news! There will be an increase of Rs 21000 in the salary of central employees, know the update
7th pay commission: Good news! There will be an increase of Rs 21000 in the salary of central employees, know the update

7th Pay Commission News: There is important news for central employees. The 12-month index average for dearness allowance is 351.33. On this average index 34.04% Dearness allowance is made. It can be announced in the cabinet meeting today. 

7th Pay Commission News: There is good news for central government employees and pensioners. On 16 March i.e. today the government can announce the increase in DA (Dearness allowance Hike). Apart from this, the decision on the outstanding DA arrears of 18 months can also be taken today.

- Advertisement -

It is worth noting that last year also during Diwali, the government had increased dearness allowance. On the same lines, it is expected that in the festive season, the government can announce a hike in dearness allowance.

Fixed an increase of 3%

After a long wait, 3% increase in Dearness Allowance has been fixed. In the cabinet meeting, the government can announce the DA hike. That is, now employees and pensioners will get Dearness Allowance (DA Hike) at the rate of 34%. There has been a decrease of one point in the December 2021 index of the Consumer Price Index for Industrial Workers (AICPI Index).

Let us tell you that the average of 12 months index for dearness allowance is 351.33 with an average of 34.04% (Dearness allowance). But, dearness allowance is always given in whole numbers. That is, from January 2022, the total dearness allowance is set to be 34%.

AICPI-IW declined in December

Significantly, this decision of the government will benefit more than 50 lakh central employees and 65 lakh pensioners. After this, now the next dearness allowance will be calculated in July 2022.

The data of AICPI-IW (All India Consumer Price Index for Industrial Workers) for December 2021 has been released. According to this figure, in December this figure fell by 0.3 points to 125.4 points.

In November, this figure was at 125.7 points. and decreased by 0.24% in December. But, this has not affected the increase in dearness allowance. After the figures of AICPI IW of the Labor Ministry, it has been decided that this time the dearness allowance will increase by 3 percent.

increased in November

According to Labor Ministry data, the AICPI-IW index had gained 0.8% in November 2021 and reached 125.7. It was clear from this that there would be an increase of 3 percent in dearness allowance.

Now even though there has been a slight decline in the figure of December 2021, but in January 2022, there will be an increase in DA at the rate of 3 per cent. The DA of government employees is currently 31 percent. Now after an increase of 3 per cent, it will reach 34 per cent.

DA Calculator from July 2021

Month                     numbers         DA Percentage

  • July 2021 353            31.81%
  • August 2021 354            32.33%
  • September 2021            355            32.81%
  • November 2021             362.016 33%
  • December 2021            361.152 34%

Calculation of DA Marks 

  • Calculation for July – 122.8 X 2.88 = 353.664 Calculation for
  • August – 123 X 2.88 = 354.24
  • Calculation for September – 123.3 X 2.88 = 355.104
  • Calculation for November – 125.7 X 2.88 = 362.016
  • Calculation for December – 125.4 X 2.88 = 361.152

Calculation on 34% DA 

After increasing the dearness allowance by 3%, the total DA will be 34%. Now on the basic salary of Rs 18,000, the total annual dearness allowance will be Rs 73,440. But talking about the difference, the annual increase in salary will be Rs 6,480.

Calculation on minimum basic salary

1. Basic salary of employee Rs 18,000

2. New dearness allowance (34%) Rs 6120/month

3. Dearness allowance so far (31%) Rs 5580/month

4. How much dearness allowance increased 6120- 5580 = Rs 540/month

5. Increase in annual salary 540X12 = Rs 6,480

Calculation on maximum basic salary

1. Basic salary of the employee Rs

56900 2. New dearness allowance (34%) Rs 19346 / month

3. Dearness allowance so far (31%) Rs 17639 / month

4. How much dearness allowance increased 19346-17639 = 1,707 Rs/month

5. Increase in annual salary 1,707 X12 = Rs 20,484

 

- Advertisement -