The term Basic Pay in the revised pay structure means the salary drawn at the prescribed level in the Pay Matrix as per the recommendations of the 7th Pay Commission approved by the Government.
After the decision of the Modi cabinet, the Central Government has issued an office memorandum for the revised rates of dearness allowance of the employees (Central Government employees) by the Department of Expenditure, Ministry of Finance. Under this, the dearness allowance of central government employees-pensioners will increase by 4%. After has been 38%. This will be applicable from July 1, in such a situation, the arrears of 2 months will be available in the salary of October along with the increased DA. It will benefit 50 lakh employees and 65 lakh pensioners.
This increase in dearness allowance of Central Government employees is expected to result in additional financial burden of Rs 6,591.36 crore per annum and Rs 4,394.24 crore in the financial year 2022-23 (ie 8 months period from July, 2022 to February, 2023). It is estimated that due to this increase in dearness relief to the pensioners, an additional financial burden of Rs.6,261.20 crore per annum and Rs.4,174.12 crore in the financial year 2022-23 (July 2022 to February 2023) is estimated. Both Dearness Allowance and Dearness Relief The combined burden on the exchequer will be Rs 12,852.56 crore per annum and Rs 8,568.36 crore in the financial year 2022-23.
Calculation of Dearness Allowance on Basic Pay
As per the notification issued by the Department of Expenditure, Ministry of Finance, Dearness Allowance will continue to be a special part of the remuneration and will be treated as salary under the purview of FR9(21). In payment of Dearness Allowance fractions of 50 paise and above may be rounded off to Rs. Fractions less than 50 paise may be ignored. For computing Dearness Allowance, the term Basic Pay in the revised pay structure means the pay drawn at the prescribed level in the Pay Matrix as per the recommendations of the 7th Pay Commission approved by the Government. Basic Pay does not include any other type of pay like special pay etc.
Separate order will be issued for railway defense personnel
According to the notification issued by the Department of Expenditure, Ministry of Finance, Dearness Allowance for central employees has been increased by 4% and it has been increased from 34% to 38%, this increase will be applicable from July 1. has gone. The revised DA rate will also be applicable to the Civilian Employees paid from the Defense Services Estimate and will be charged from the Defense Services Estimate. Separate orders will be issued by the Ministry of Railways and Ministry of Defense for Armed Forces personnel and Railway employees.
38% DA hike Calculation
- If the basic salary of an employee is Rs 1,8000, then according to 34 per cent, he gets Rs 6,120 as DA, then if the DA is 38 per cent, the employee will get Rs 6840 as dearness allowance. That is, he will get Rs 720 more. That is, according to the year, there will be a profit of Rs 8,640.
- If the basic salary of a government employee is Rs 56,000, then dearness allowance at the rate of 38 per cent will be Rs 21,280. The monthly salary increase for employees with maximum salary of Rs 56,900 will be Rs 2276, while the annual salary increase will be Rs 27,132.
- If you are a central employee or a pensioner and your basic is Rs 20,000, then till now you are getting 34 percent as DA or DA, which is Rs 6,800. After increasing the dearness allowance to 38 percent, you will get Rs 7,600. Meaning you will get a profit of Rs 800 per month.
- If your basic salary or your pension is Rs 30,000, then you used to get Rs 10,200 according to 34% dearness allowance but now you will get Rs 11,400 at 38%. Thus your salary will increase by Rs 1,200.
- Along with this, there will also be an increase in the PF, gratuity contribution, transport allowance and city allowance of the employees. The calculation has been done on the basis of basic salary.
