The 7th Pay Commission is set to bring positive changes to central employees as the government may increase Dearness Allowance (DA) by 4 percent. This decision is expected to result in a significant increase in the base salary of employees, benefiting over ten lakh families. The increase in DA was initially announced at 4 percent some days ago, bringing good news to many employees. However, the final decision on the increase is expected to be made after the results of the Lok Sabha elections, with speculations pointing to the last week of June as a potential timeline for the DA increase.
If the central government decides to increase DA by 4 percent, the total DA for central employees will rise to 54 percent. In cases where the existing 50% DA is set aside, the increased DA will still be 4%. This increase in DA will result in a significant boost to employees’ salaries, with a potential increase of Rs 1,200 for those earning Rs 30,000. This translates to a yearly increase of Rs 14,400, providing much-needed relief to employees dealing with inflation.
The decision to increase DA by 4 percent will act as a booster dose to help employees combat the rising costs due to inflation. While no official announcement has been made by the government regarding the DA increase, it is expected that a decision may be reached before the end of June, potentially bringing relief to many families. The rules of the Seventh Pay Commission stipulate that DA increases twice a year, with rates applicable from January 1 and July 1. This biannual increase in DA rates will benefit around 10 lakh families and provide a much-needed financial boost to employees.. Read More Here
