7th Pay Commission: The dearness allowance of central employees may increase from 42 per cent to 46 per cent. Meaning it can increase by 4 percent. According to experts, the effect of increasing DA will also be on TA i.e. Travel Allowance.
7th Pay Commission: Central employees are waiting for July. There is to be an increase in dearness allowance once again in July. This is expected to increase his salary a lot. But, his happiness is not limited to just this. With the increase in Dearness Allowance, other allowances will also increase. From July 2023, they will get its direct benefit from employees to pensioners. It also includes Travel Allowance and City Allowance. Apart from this, there is going to be a huge jump in Provident Fund and Gratuity to the central employees.
Travel Allowance (TA) will increase
The dearness allowance of central employees may increase from 42 per cent to 46 per cent. Meaning it can increase by 4 percent. According to experts, the effect of increasing DA will also be on TA i.e. Travel Allowance. When DA is 46 percent, TA will also increase directly.
The scope of provident fund will increase
If experts are to be believed, the central employees are also getting retirement benefits. Due to increase in dearness allowance, their salary will increase and monthly provident fund and gratuity will also increase. Both these components are calculated from Basic+DA. If DA will increase then PF, Gratuity will also increase. Monthly PF, gratuity contribution will increase in this.
Pensioners will also have fun with the employees
Dearness Relief (DR) of the pensioners coming under the Central Government will also increase. It is linked with DA only. After retirement, it is available as dearness relief. DR can also increase from 42 percent to 46 percent. His monthly pension will increase.
There will be a tremendous increase in dearness allowance in July
The next increase in DA will be applicable from July 2023 only. Means dearness allowance till June 2023 will be applicable from July. There is every possibility of 4 percent increase in DA. With this it can increase to 46 percent.
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