Which is the best between SBI and Post Office FD, know the latest rates of both

7th Pay Commission: Modi government will take decision on DA Hike today! Know how much will be the increase in your salary?

[ad_1]

new Delhi. Before Holi, the Prime Minister Narendra Modi government of the Center can give the gift of Dearness Allowance (DA Hike) to the government employees. This will help lakhs of government employees and pensioners to deal with the rise in inflation in the recent past. The dearness allowance of government employees is expected to be discussed in the cabinet meeting to be held on March 16, under the chairmanship of Prime Minister Narendra Modi.

Central employees currently get 31 per cent DA. It is expected to increase by 3 per cent to 34 per cent. This decision will benefit more than 50 lakh government employees and 65 lakh pensioners. The central government had stopped the DA for about one and a half years due to the corona epidemic. The revised DA has come into force again from July 2021. Then it was increased from 17 per cent to 28 per cent. In October 2021, it was again increased by 3 percent, after which the DA increased to 31 percent.

read this also- ‘Monthly pension of Rs 1,000 to EPFO ​​subscribers is too low’, read what the parliamentary committee said?

What is DA and why is it increased?
Dearness allowance is a part of the salary of government employees and pensioners only. Its purpose is to reduce the effect of inflation. To deal with the rising inflation, the salary of government employees is changed from time to time. DA is revised twice every year in January and July. DA is related to cost of living. It depends on whether the employees work in urban area, semi-urban or rural area. In 2006, the central government changed the formula for calculating dearness allowance. Now it is calculated on the new formula.

Also read- Business Idea: This business with high demand can also be started from the village, will earn in lakhs

If DA increases by 3%, how much will the salary increase?
The basic salary of a central government employee is Rs 20,000 per month and if DA is increased by 3 per cent, then his salary will increase by Rs 6,800 according to 34% dearness allowance. Since the dearness allowance is linked to the basic pay, the increase in it will also increase the employees’ Provident Fund (PF), gratuity amount and other allowances linked to the basic salary such as traveling allowance.

Tags: 7th pay commission, DA hike, Dearness allowance

[ad_2]

Read Article in हिन्दी

Leave a Comment

Your email address will not be published.