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7th Pay Commission Hike: The coming time is going to be very good for the central employees. If you are still waiting for dearness allowance then more news is coming. Actually, there is a lot of happiness going to come for the employees in the coming times. This can lead to a huge increase in his salary. His salary may not increase by 1-2 thousand rupees but by 9000 rupees. This will be possible with a decision of the government. Let us know how all this is going to happen.
Allowance will increase as inflation graph increases
The dearness allowance of central employees is yet to be announced. But, now the calculation of next year’s dearness allowance has started. The first number has also arrived. In this figure, the graph of dearness allowance is seen crossing 47 per cent. In the month of July, there has been a sharp jump in the inflation index due to increase in the prices of vegetables and fruits. At present the inflation graph is visible even in August. In such a situation, a significant jump can be seen in the figures coming at the end of September.
There will be a huge increase in January 2024
The increase in the inflation index will decide the number of dearness allowance between July and December. Means the dearness allowance applicable from January 2024 will be decided from this number. Only time will tell how much the DA of the employees will increase in the coming year. But, according to the calculations being done, there is going to be a huge increase in the salary of the employees.
After all, what is the salary increase figure?
On August 31, the Labor Bureau released the July AICPI index numbers. A jump of 3.3 points was seen in this. The index has reached 139.7 points in July. Due to this, the score of dearness allowance also got support and DA reached 47.14 percent. However, the final figures will have to wait till December 2023. But, it is certain that with the increasing pace of inflation index, dearness allowance can go beyond 50 percent. What will happen if this happens?
What will happen if DA reaches 50 percent?
According to the 7th Pay Commission report, as soon as the dearness allowance of central employees crosses 50 per cent, the dearness allowance will become zero. Calculation of dearness allowance will start from 0. At the same time, according to 50 percent, the money received by the employees as allowance will be converted into basic salary.
Salary will increase by Rs 9000
Dearness allowance will be revised as soon as it reaches 50 percent. This will be done on the basis of a memorandum issued by the government in 2016. 50 percent DA money will be merged into the basic salary. Suppose the basic salary of an employee is Rs 18000, then he will get Rs 9000 of 50% DA. But, if DA is 50% and dearness allowance will be reduced to zero by adding it to the basic salary, then the employee’s salary will increase by Rs 9000 and it will come directly into his hands.
Why will dearness allowance be zero?
Whenever a new pay scale is implemented, the DA received by the employees is added to the basic salary. Experts say that as a rule, 100 percent DA received by employees should be added to the basic salary, but this is not possible. Financial situation comes in the way. However, this was done in the year 2016.
Earlier in the year 2006, when the sixth pay scale came, at that time 187 percent DA was being given till December in the fifth pay scale. The entire DA was merged into the basic pay. Hence the coefficient of sixth pay scale was 1.87. Then new pay band and new grade pay were also created. But, it took three years to deliver it.
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