Tuesday, November 5, 2024
HomeBusinessGood news for government employees: Salary will increase soon

Good news for government employees: Salary will increase soon

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Dearness Allowances For Central Govt Employees: Central government employees and pensioners are eagerly waiting for the increase in Dearness Allowance. The Central Government may soon announce an increase in Dearness Allowance (DA) and Dearness Relief (DR). Generally, the central government revises the dearness allowance in January and July. Which is officially announced by the latter. While the central government is going to increase the dearness allowance, according to the CPI-IW figures, experts have predicted a 3 per cent rise in the dearness allowance. The increase will be made for employees and pensioners under the Seventh Pay Commission, which will be effective from July-24.

How much will the salary increase? :
If the government increases the dearness allowance for employees, the take home salary will increase. If a person’s basic salary is Rs. 55200, then the dearness allowance at 50 percent is 27600, which increases by 3 percent to 53 percent i.e. Rs. 29256 will be. Salary of employees per month Rs. There will be an increase of 1656. Central government employees get dearness allowance of 50 percent of basic pay. While the pensioners get 50 percent dearness relief of the original pension. Earlier, the dearness allowance was increased on March 7, 2024. This increase will benefit approximately 1 crore employees and pensioners. Which is calculated on inflation basis. Dearness allowance is determined from the CPI-IW figures issued by the Ministry of Labour.

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