7th Pay Commission : Not only DA, TA, HRA, there is a huge increase in total 9 allowances of central employees, they became rich

7th pay fee newest information: The increase in Dearness Allowance (DA) has benefited different allowances as nicely. Dearness allowance was elevated by 4 p.c to 50 p.c and HRA was additionally elevated by 3,2,1 p.c. Apart from this, Travel Allowance (TA) has additionally elevated.

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7th pay fee newest information: The month of March was excellent for the central workers. The Union Cabinet authorised 4 p.c increase in dearness allowance (DA Hike). Dearness allowance has elevated to 50 p.c. Revision was additionally completed in HRA. But, the happiness for the central workers didn’t cease right here.

Apart from Dearness allowance and HRA, there are 9 such allowances, the profit of which is being given to the central workers. These allowances have additionally elevated.

Benefit of 50 p.c dearness allowance

The increase in Dearness Allowance (DA) has additionally prolonged to different allowances. Dearness allowance was elevated by 4 p.c to 50 p.c and HRA was additionally elevated by 3,2,1 p.c. Apart from this, Travel Allowance (TA) has additionally elevated. The advantages of all these allowances will probably be out there from March 31.

Which allowances elevated?

There has been a huge increase in 9 allowances together with dearness allowance of central workers.

• House Rent Allowance (HRA)
• Children’s Education Allowance (CAA)
• Childcare Special Allowance
• Hostel Subsidy
• TA on Transfer ((*9*) of Personal Effects)
• Gratuity Limit
• Dress Allowance
• Mileage Allowance for Own Transport
• Daily allowance

Now will the arithmetic of dearness allowance change?

While implementing the 7th Pay Commission in the yr 2016, the federal government had lowered dearness allowance to zero. According to the foundations, as quickly because the dearness allowance reaches 50 p.c, it is going to be lowered to zero and the cash that the workers will probably be getting as allowance in accordance with 50 p.c will probably be merged into the essential wage i.e. minimal wage.

Will go. Suppose the essential wage of an worker is Rs 18000, then he’ll get 50 p.c DA of Rs 9000. But, as soon as the DA is 50 p.c, it is going to be added to the essential wage and the dearness allowance will once more be lowered to zero. This means the essential wage will probably be revised to Rs 27,000. However, for this the federal government could need to make adjustments in the fitment additionally.

When will dearness allowance turn into zero?

According to consultants, the brand new dearness allowance will probably be calculated in July. Because, the federal government will increase dearness allowance only twice a yr. Approval for January has been given in March. Now the following revision is to be carried out from July 2024. In such a scenario, dearness allowance will probably be merged only and it is going to be calculated from zero.

Meaning, the AICPI index from January to June 2024 will resolve whether or not dearness allowance will probably be 3 p.c, 4 p.c or extra. As quickly as this case is cleared, 50 p.c dearness allowance will probably be added to the essential wage of the workers.

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