7th Pay Commission Latest Update: Before Holi, Central Government Employees can get some good news.
According to media reports, under the Seventh Pay Commission, central government employees can get some additional salary. It is believed that the government can transfer the increased DA (DA) hike of the last two months and the arrears along with the March salary.
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3% DA increase means that the total DA of Central Government employees will become 34%. This means that a Central Government employee with a basic salary of Rs 18,000 will get an annual dearness allowance of Rs 73,440. See calculation below:
Calculation on Minimum Basic Wage
- Basic Pay of Employee: Rs 18,000
- New DA (34%) 6120/month
- DA so far (31%) 5580/month
- By how much dearness allowance increased 6120- 5580 = 540 / month
- Increase in annual salary 540X12 = Rs.6,480
- Calculation of maximum basic pay
- Basic Pay of Employee: Rs 56900
- New DA (34%) Rs 19346/month
- DA so far (31%) Rs 17639/month
- By how much dearness allowance increased 19346-17639 = Rs 1,707 / month
- Salary increment in yearly 1,707 X12 = Rs 20,484
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