7th Pay Matrix News: There is great news for central employees. If you are also waiting for DA Hike in the new year. So there is going to be a bumper increase in your salary even before Holi. Let us know the complete details about it.
There is great news for the Central Government Employees. If you are also waiting for DA Hike in the new year. So there is going to be a bumper increase in your salary even before Holi. The government can once again increase the dearness allowance of the employees by 4 percent. This has come to be known through the data of the AICPI index.
DA is increased twice
Let us tell you that the government increases the dearness allowance of the employees twice a year. The first increase is done in January and the second increase is done in July. The new year has started, so at this time, the employees are waiting for an increase in their DA.
4 percent may increase
According to the figures released so far, it is clear that this time also the government can increase the dearness allowance by 4 percent or up to 3 percent. For this, the AICPI index will have to increase by 0.4 points in both November and December.
Lakhs of employees will get the benefit
Let us tell you that if there is an increase of 4 percent in the DA of the employees, then the dearness allowance will reach the rate of 42 percent. In July 2022 also, the government had increased the DA of the employees by 4 percent. The increase in DA and DR will benefit 48 lakh central employees and 68 lakh pensioners.
How much will the increase in salary of Level-3 be if the DA is increased at the rate of 42 percent?
Basic salary of the employee - Rs 56900
New Dearness Allowance (42%) – Rs 23898/month
To date dearness allowance (38%) – Rs 21622/month
How much dearness allowance increased - 23898-21622 = Rs 2276/month
Increase in annual salary - 2276X12= Rs 27312
