Employees will get good news soon, salary will increase from 70 thousand to 2 lakh! will also get arrears
New Delhi, Desk Report. 7th Pay Commission: Central employees are going to get great news soon. The Modi government can give two big gifts to the employees on the occasion of Holi. According to media reports, after the release of the AICPI-IW data, the Modi government may increase the dearness allowance by 3% in March, after which the total DA will increase from 31% to 34%. The same January-February arrears can also be given, which will benefit more than 1 crore employees. The same Central Employees Festival Advanced 2022 can also be given an Advance Festival Loan of Rs 10000, which can be returned in installments.
According to media reports, the Modi government may soon once again increase the dearness allowance of central employees. After the announcement of All India Consumer Price Index, 3% Dearness Allowance (DA Hike) of central employees is expected to increase in 2022. According to the data of AICPI-IW for December 2021, it has come down by 0.3 points to 125.4, despite this there will be an increase in its DA. Since the 12 month index of DA has an average of 351.33 ie 34.04% DA on the average index, but DA is in integers, so it is assumed to be 34%.
According to media reports, the Dearness Allowance can be increased around Holi after the code of conduct for the elections of 5 states is removed. At present, 31% DA is being given to the employees, if the dearness allowance of the employees increases by 3 percent then the DA will increase from 31% to 34%. The annual salary of 56000 salary will be Rs 20,484.
According to media reports, if the dearness allowance increases by 34 percent, the salary may increase by Rs 20848, 73440 and 232152. This will benefit 48 lakh employees and 68 lakh pensioners. January-February arrears can also be given along with dearness allowance, it can be paid along with dearness allowance. This includes the payment of increased DA for January 2022 and February 2022 i.e. additional payment of Rs 946-946 will be with the salary of March.
Salary Calculation of 34% DA
Dearness Allowance Percentage = (Average of 3 Months Consumer Price Index (Base Year 2001=100)-126.33))x100
If the DA of central employees increases by 3 percent, then the salary will increase by more than Rs 20000.
If someone's salary is Rs 20000, then at the rate of 3 percent, his salary will increase by Rs 600 in a month.
If the DA is 34 percent, then the DA of employees with basic salary of Rs 18,000 will be Rs 6,480 per annum and Rs 20,484 annually for those with salary 56000.
The basic salary of an employee with a basic salary of Rs 56,900 will increase by Rs 232,152 according to the basic salary of Rs 19346/month.
Under this, the maximum basic salary will increase by Rs 1707.
If the basic salary is Rs 30,000, then Rs 900 per month and Rs 10,800 will be available annually. The maximum basic salary is Rs 2.5 lakh, so there will be a benefit of about 90 thousand rupees in a year. (These figures are shown as illustrative examples, which are subject to change.
10 thousand festival endvas too soon
Under the Seventh Pay Commission (7th CPC), the Central Government can also give a festival loan of 10 thousand rupees to the central employees under the Special Festival Advance Scheme for Holi. It is believed that it will be announced at the end of February. Or it can be done in the first week of March 2022. The government can also lift the bank charge of the advance scheme and its last date can be kept as March 31, 2022.
Under this, central employees will get an advance of Rs 10,000 (Central Employees Festival Advanced 2022) and the special thing is that no interest will have to be paid on it. This money will come in the bank account of all the employees in the form of pre-loaded advance, but the condition is that the employees will have to spend this amount. These money can be returned in the form of 10 installments i.e. 1 thousand rupees per month.