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7th Pay Commission: There is good news for the government employees from the central government. The government may announce an increase in Dearness Allowance or Dearness Relief for these employees and pensioners before Holi. An increase in DA and DA is expected as a Holi gift.
According to some media reports, the government may increase the dearness allowance (DA) and dearness relief (DR) of central employees by 4 percent, which means that now DA and DR for employees and pensioners will be 42 percent from 38 percent. . If there is an increase in these rates then it will be considered effective from January 1, 2023.
Salary and pension of lakhs of employees will increase
After this decision of the government, the salary of the employees will increase. Along with this, the amount of pension will also increase. DA is given to government employees and DR pensioners. This allowance is given to the employees and pensioners for relief from inflation. Right now the DA is being given 38 percent to the central employees.
How much will the salary increase
If the allowance of these employees and pensioners is increased to 42 per cent and the basic salary is Rs 18,000, then the annual DA will be Rs 7560. In such a situation, the monthly salary will be increased by Rs 720. At present, DA of Rs 6840 is being given at 38 per cent. In this way the salary of pensioners and employees will increase.
DA and DR increase twice every year
According to the calculation of the central government, dearness allowance is increased twice every year. The first hike of the year in dearness allowance takes place in January of the calendar year and then in July. The increased DA and DR come under income tax. That is, if salary comes under tax, then dearness allowance will also be taxable.
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