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Employees HRA Hike : Good news for employees, HRA may increase after DA increase, Know latest updates

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Bank FD Update: Banks started to cut interest rate on FDs, these 5 banks reduced interest on FD by 1%

7th Pay Commission: Government employees will get relief from inflation, house rent allowance can be increased for them soon. If this is the case, then there will be a significant increase in the salary of the employees.

7th Pay Commission: There is another good news for the Central Government employees. He is expected to get another gift from the government soon. After this, he will be in trouble, because in this era of rising inflation, the government can increase his HRA. According to a media report, after the most recent DA hike in March this year, central government employees may soon see an increase in their House Rent Allowance.

May get good news soon

According to the information, House Rent Allowance i.e. HRA was last updated in July 2021. At that time DA was increased to 25 percent. Given that DA has been increased to a new level, this time there is every possibility of change in HRA.

City based house rent allowance

The house rent allowance of government employees is based on the type of city in which they are working. HRA is divided into three parts according to the category, in which there are X, Y, and Z categories. At present, HRA for Z category employees is 9% of their basic salary.

This percentage can increase

According to media reports, HRA for government employees may soon increase up to 3 percent. Central government employees in X class cities are likely to get a 3 per cent hike in their HRA, while those in Y class cities may get only a 2 per cent hike and employees in Z cities may get a 1 per cent hike in their HRA Can get ,

7th Pay Commission: DA hike

Dearness allowance has been announced. Central employees have received a big gift as soon as the month of July begins. Now it is official that government employees will start getting 46 per cent dearness allowance (DA hike) in July 2023. DA will be paid to the employees at the rate of 46 per cent instead of 42 per cent.

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