7th Pay Commission: Central government employees are eagerly waiting for the announcement of Dearness Allowance (DA) in October 2024. Although no official information has been given yet, it is expected that the government will announce a DA hike of 3% to 4% before Diwali
7th Pay Commission: Central government employees are eagerly waiting for the announcement of Dearness Allowance (DA) in October 2024. Although no official information has been given yet, it is expected that the government will announce a DA hike of 3% to 4% before Diwali. This hike will be considered effective from July 1, 2024, which will increase the salary of the employees. Also, the arrears of DA applicable from July will also come with the salary.
How much will the salary increase?
If the basic salary of an employee is ₹ 18,000 per month, then a 3% increase will increase his salary by ₹ 540 monthly. If the DA increases by 4%, the salary will increase by ₹ 720 monthly. For example, if someone’s total salary is ₹30,000 and out of that ₹18,000 is basic pay, then according to the current 50% DA, he gets ₹9,000 as dearness allowance. After a 3% hike, it will become ₹9,540 and after a 4% hike, it will become ₹9,720.
DA and DR: What is the difference?
DA is given to government employees while DR i.e. dearness relief is added to the pension of pensioners. Both are revised twice a year – in January and July. However, whenever the government announces it, it is considered applicable from January and July only. This time, more than one crore government employees and pensioners will benefit from the increase in DA and DR.
How is DA decided?
The increase in dearness allowance is announced on the basis of All India Consumer Price Index (AICPI). The central government revises DA on the basis of the average of the last 12 months, which is usually announced in March and September.
8th Pay Commission: Employees’ expectations increased
The recommendations of the 7th Pay Commission were implemented from January 2016 and now 10 years are going to be completed. Although there has been no official announcement of the 8th Pay Commission, but employees are expecting its formation soon. According to reports, the 8th Pay Commission may lead to a minimum salary of ₹34,560, while the pension may also increase to ₹17,280. The government has not yet taken any decision on the 8th Pay Commission, but employees are hoping that it will be announced soon.
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