Jun 22, 2024

7th Pay Commission: Cabinet approves 28% DA, check how much your salary will increase

The central government had increased the dearness allowance by 4 per cent in January 2020, 3 per cent in June 2020 and 4 per cent in January 2021.

Subscribe to updates
New Delhi: More than 1.2 crore central employees and pensioners have been waiting for the restoration of increased Dearness Allowance (DA) and Dearness Relief (DR) for a long time. However, the wait is finally over, as the Central government has reportedly decided to restore the increase in the allowance in a cabinet meeting led by Prime Minister Narendra Modi on Wednesday (July 14).

Central government employees currently get a dearness allowance at the rate of 17 per cent. However, employees will now get a DA at 28 per cent of their basic pay.

How to calculate DA hike?

The central government had earlier increased the dearness allowance by 4 per cent in January 2020, 3 per cent in June 2020 and 4 per cent in January 2021. According to the calculations, the total hike will become 28 per cent (17+4 +3+4).

So, if an employee earns Rs 20,000 basic salary per month, his or her salary will increase by 11 per cent, which will be a hike of Rs 2200. You can similarly calculate your salary hike based on your basic pay.

No decision on July 2021 DA hike

The Ministry of Labor has previously stated the figures of the All India Consumer Price Index for May 2021. The index for May 2021 increased by 0.5 points, taking it to 120.6. For those uninitiated, the index needs to be above the 130 mark for DA to increase by 4 per cent. The data for June is currently awaited.

If you add the speculated hike of 3 per cent in July 2021, then the total DA will stand at around 31 per cent of your basic salary. However, the government is yet to take a final decision on the DA hike for the month of July

JKPSC Fresh Jobs Recruitment 2021

J&K Ministry of Skill Development and Entrepreneurship Jammu Jobs Recruitment 2021

JKSSB Syllabus for advertisements No. 4 and 6 of 2020

JK Police Constable (Female) PET & PST Dates Announced

IUST Kashmir Jobs Recruitment 2021

Buy Month Wise, 06 Months Current Affairs PDF in upto 60% OFF

Join Telegram | Install Mobile App

 

India NewsJK News
This site uses cookies to deliver our services and to show you relevant Jobs Updates, Notifications, News and Ads. By using our site, you acknowledge that you have read and understand our Cookie Policy, Privacy Policy, and our Terms of Service

Copyright © 2010 to Present | JKUpdates | Designed by Bharat Softwares