7th Pay Commission: This Holi is surely destined to bring cheers for the Central Government Employees as the Government is planning a huge surprise for them on Holi. The salary of more than 1 crore people may increase from the month of March.
DA may increase to 34%
In the month of March, the government may announce to increase the dearness allowance of its employees. According to information received from JCM Secretary Shiv Gopal Mishra, the government can increase dearness allowance by 3 percent.
Presently the total Dearness Allowance (DA) is 31%, however, it may be increased to 34% in the future. This increase will occur after the central government increases DA by 3%, bringing it to 34%. Central government employees' Dearness Allowance (DA) is revised twice a year, between January and July.
Dearness Allowance is a stipend paid to government employees and retirees. The federal government adjusts DA and DR benefits twice a year, in January and July, to keep up with growing inflation. Government employees, public sector employees, and retirees receive DA. It is given to employees to assist them in meeting their living expenditures.
DA Calculation
If the basic salary of an employee is Rs 30,000 per month, then his salary will increase by Rs 900. On the other hand, if we look at it on an annual basis, it will increase by Rs 10,800.
Salary will increase by Rs 90,000
The salary of cabinet secretary-level officers is around 2.5 lakh rupees.After the DA Increment, the salary will increase by Rs 7500 per month for these people. Also, they will get the benefit of full 90,000 rupees on an annual basis!
