With 30% HRA, Rs 56,900 x 30/100 = Rs 17,070 per month, ie, the total difference will be Rs 1707 per month. Annual HRA will increase by Rs 20,484.
7th pay commission: There is good news for central government employees-pensioners. With 4 months arrears, 3 percent dearness relief and dearness allowance (34% DA Hike) increase, 4 more good news is going to happen. .
According to the latest media reports, after increasing the DA, now the house rent allowance, gratuity, city allowance and travel allowance of the employees are also expected to increase. The Modi government is considering this, it is expected that it can get the benefit by July.
According to media reports, the Modi government can once again increase the travel allowance and city allowance by 3%-3%. At present, the employees are getting HRA at the rate of 27%, 18% and 9%.
There is a possibility that the HRA of X category employees may increase by 3 percent, Y category employees by 2 percent and Z category employees by 1 percent. Thereafter it will increase from 27% to 30%, however it will then This will happen when the DA crosses 50 per cent. This will increase the annual HRA by Rs 20,484.
According to media reports, after increasing DA, it is believed that the increase in TA and CA is certain. Since the increase in dearness allowance also increases the travel allowance and city allowance of the employees, there is a possibility that before July, the Modi government may also increase the TA and CA allowance.
Along with this, the Provident Fund. And gratuity can also be increased. Since the monthly PF and gratuity of the employees are calculated from the basic salary and DA, in such a situation, due to the increase in dearness allowance, PF and gratuity are sure to increase, it is likely that from July It may increase earlier.
DA double in 9 months, then increase by 4%
Explain that according to the recommendations of the 7th Pay Commission, there is an increase in dearness allowance and dearness relief twice a year, this increase is done on a half yearly basis. DA/DR to central employees-pensioners has doubled in the last 9 months and is currently getting 34% DA.
Now the possibility of increasing the four allowances together with house rent allowance, travel allowance has also increased, after the data of AICPI March, 3-4 percent of the employees and dearness allowance is expected to increase.
HRA CALCULATION
At present, the employees are getting HRA at the rate of 27%, 18% and 9%. According to the 7th Pay Matrix, the maximum basic salary of the employees is Rs 56,900, then if the HRA is 27%, there will be a benefit of 20000 in the salary.
The house rent allowance is Rs 56900 x 27/100 = Rs 15363 per month, so having 30% HRA will be Rs 56,900 x 30/100 = Rs 17,070 per month, ie the total difference will be Rs 1707 per month. The annual HRA will increase by Rs 20,484.
At present, the employees of the X category get HRA at the rate of 27 per cent of the basic salary, 18 to 20 per cent of the Y category and 9 to 10 per cent of the Z category.
These rates vary by region and city, currently the minimum HRA for all three categories is Rs 5400, 3600 and Rs 1800.
TA CALCULATION
Travel allowance is divided into 3 sections on the basis of pay matrix level, in which cities and towns are divided into two categories. If we look at the formula for the calculation of TA, then Total Transport Allowance = TA + [(TA x DA% )\/100] .
TPTA Rs 1350 for level 1-2 in TPTA cities, Rs 3600 for level 3-8 employees and Rs 7200 for level 9 and above. For cities with higher transport allowance, level 9 and above employees 7,200 is given to Rs.
TA allowance of Rs 3,600 and DA for other cities, employees from Level 3 to 8 get Rs 3,600 plus DA and 1,800 plus DA for Level 1 and 2 along with Rs 1,350 plus DA for first class cities, while for other cities 900 plus DA is available for this.
