The report is located within the seventh pay commission, which will give an unprecedented rise in DA for the government employees of India. The DA hike under consideration may turn out to be a huge salary raise to bring some substantial relief to millions of employees and pensioners.
DA Hike Latest News
Generally, Dearness Allowance (DA) with regard to government employees is given biannual installments. For their case, DA is revised every January and July, in order to keep up with inflation. From the data of AICPI (All India Consumer Price Index), one may say that this time DA may have an increase of 4% in all probability from 46-50 percent.
If that happens, it will prove to be the highest DA increase ever in anti-government services and pensions.
How Much Salary Will Increase?
An increase of 4% DA will be observed within the employees by a noticeable increase in their monthly take-home salary. The following is an illustration of how the variations in salary will look like:
- Basic Salary: ₹18,000 → Current DA: ₹8,280 → After Hike: ₹9,000 → Increase: ₹720
- Basic Salary: ₹56,000 → Current DA: ₹25,760 → After Hike: ₹28,000 → Increase: ₹2,240**
Of course, for higher slabs, the increase will get even bigger.
Impact On Government Pensioners
This DA hike will also extend to benefit pensioners since the pension for a retired central government employee is based on amounts to be disbursed through monthly pensions as Dearness Allowance. This will provide considerable relief to most senior citizens dependent on their pension.
Next DA Revision – Expectations What Will Bring?
Expect that when DA hits 50 percent the government will make changes to the fitment factor and merge it into the basic pay, which may drive major pay revision for government employees. Experts believe this is a precursor to future discussions on the eighth Pay Commission.
Conclusion
The DA hike under the 7th Pay Commission is indeed going to be history in the making. This is going to provide huge financial assistance to employees and pensioners. Final announcements are expected soon, and all are eagerly awaiting to know how much their salaries are going to rise. More updates on this historic salary increase are in the making.
Also Read: Government Employees Salary & Pension Rise Every 10 Years, Check Latest Hike