7th Pay Commission News – 2023: Dearness Allowance is expected to increase by 4 percent this time, which will be implemented from July 1, 2022! As a result of DA increase, the amount will increase between Rs 6840-27,312. Shubham Shukla (Shubham Shukla) report of Zee Business on annual basis in Pay Matrix Finally a great news has come for the Central Government employees! Now it is confirmed that what they will get as dearness allowance from 1st July 2022!
7th Pay Commission News – 2023
According to informed people, the DA hike is expected to be 4 per cent and an announcement on the same is likely to come soon. The recently announced All India Consumer Price Index (AICPI) suggests that the increase could be as high as 4 per cent.
Apart from this, the discussions about his promotion have intensified. Rules will be changed to increase the salary of Central Employees! Pay metrics have been made in the 7th Pay Commission which is based on Fitment Factors! Whatever employee will get salary on this basis, he cannot do scam in that, so that he will be in the eyes of the government.
What was the AICPI index in May?
There was a big jump in AICPI in the month of May 2022 and it was at 129, in April it was at 127.7. Any hike in DA is based on AICPI numbers. If the AICPI figures increase further in June, then there is a lot of possibility of increase in DA!
The new DA hike will be implemented from 1 July 2022. Employees will also get arrears of difference in July and August. At present, DA is being increased by 34 percent to the Central Government employees. After the increase, DA will be 38 percent, on a basic salary of Rs 18,000, the annual DA will be Rs 8640.
calculation on minimum basic pay
1. Basic Pay – Rs 18,000
2. Current DA 34% – DA hiked by Rs 6120 per month
Calculation on Maximum Basic Pay: 7th Pay Commission
1. Basic Pay – Rs 56900
2. New DA at 38% – DA increased by Rs 21622 per month
3. Current DA 34 percent – 19346 per month
4. DA Increase – 21622-19346 = 2276 per month
5. Annual increase in DA – 2276 X12 = Rs 27,312
7th Pay Commission numbers are issued by the Ministry of Labor and Employment on the last working day of the month. The AICPI index numbers are based on data collected from 88 industrial centers across the country.
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