7th Pay Commission DA Hike: PM Modi will announce increase in DA on Holi! Confirmed, salary will increase so much

7th Pay Commission DA Hike: Prime Minister Narendra Modi can tell good news to central employees on Holi. According to media reports, the announcement of the increase of Dearness Allowance (DA) can be made on the day of Holi. At present, the total Dearness Allowance (DA) is 31 percent, which may increase to 34 percent. If the dearness allowance is increased by 34 percent, then the salary will increase from Rs.6,480 to Rs.20,484 thousand.

Government can increase DA

According to media reports, the central government can announce to increase DA by 3 percent. A hike of 3 per cent could increase the salary of government employees to a maximum of more than Rs 20,000. Under the 7th Central Pay Commission, the DA of government employees is calculated on the basis of basic pay. The current DA rate stands at 31 per cent, after a hike of 3 per cent in October and 11 per cent in July.

The announcement of hike in dearness allowance (DA) can be done by the end of March. The DA was increased by 3% in January 2022, taking the total DA to the employees from 31% to 34%. As per AICPI data, DA has reached 34.04% till December 2021. The DA on the basic pay of Rs 18,000 after 3% increase in allowances will be Rs 73,440 per annum.

Salary will increase so much

Salary will increase this much on 18,000 basic pay

The basic salary of the employee is Rs 18,000 per month.

6120 per month will be available on new DA (34%).

Till now, getting so much money on DA (31%) is Rs 5580.

By how much dearness allowance increased, 6120 – 5580 = Rs 540 per month.

Salary increment of 540×12 per annum = Rs 6,480.

Total DA you will get = Rs 73,440 (6120X12).

If the basic salary of the employee is Rs 56900, then this will be the DA

New DA (34%) Rs 19,346 per month.

DA till date (31%), Rs 17639 per month.

By how much dearness allowance increased, 19346-17639 = Rs 1,707 per month.

Salary increment 1,707 x 12 = Rs 20,484 per annum.

Annual DA – 19346 X 12 = Rs 2,32,152.