According to media reports, if the basic pay of an employee is Rs 18,000, then after increasing the DA, it will increase by Rs 720. In this way annually he will get Rs 8640 more salary. If the basic salary is Rs 56900, then he will get Rs 2,276 more every month in terms of 4% more DA. Annually he will get a profit of Rs 27,312.
Central Employee DA Hike/Fitment Factor : Next month, 1 crore central employees-pensioners can once again get a big gift. There is news that once again in July the DA of the employees-pensioners may increase by 4%. This estimate has been made from the figures of the AICPI index released by the Labor Ministry so far, in which the AICPI figure is 134.2 points and the DA score is 45.06. If this happens then a jump of 50000 to 1 lakh can be seen in the salary of the employees.
Dearness allowance can be 46 percent
According to media reports, once again the dearness allowance of central employees pensioners is expected to increase to 46% in July. The AICPI index is likely to reach 46.40 in July. If this happens, it is certain to increase DA by 4 percent in July. This will be the second increase of the year. If DA is increased by 4% then the DA of the employees will be 46%. The new rates will be applicable from July 1, 2023 and it is likely to be announced anytime between Rakshabandhan to Diwali, in which case arrears will also be available, although official confirmation has not yet been made.
There will be a jump in salary
According to media reports, if the basic pay of an employee is Rs 18,000, then after increasing the DA, it will increase by Rs 720. In this way annually he will get Rs 8640 more salary. If the basic salary is Rs 56900, then he will get Rs 2,276 more every month in terms of 4% more DA. Annually, he will get a benefit of Rs 27,312. If the basic salary of a government employee is around Rs 25,500, it will become Rs 40,740. And if someone gets a basic pension of Rs 30,000 a month, then after the DR increase, this money will increase to Rs 42,600. , that is, there will be an increase of Rs 800 in pension every month.
Possibility of revision in fitment factor as well
According to media reports, before the upcoming elections, the Modi government at the Center may also revise the rates of fitment factor to help the working class. At present, the fitment factor of the employees is 2.57% and for a long time the central employees have been demanding to increase the fitment factor to 3.68%, in such a situation, it is expected that in view of the upcoming elections, the Modi government will increase the fitment factor to 3.00% or 3.68%. One can take a decision on increasing the percentage or can decide a new formula to increase the salary of the employees.
Basic salary will increase
If media reports are to be believed then it is believed that this will increase the basic salary from 18000 to 21000 or 26000 directly. More than 52 lakh employees will get its benefit. The fitment factor can be implemented from 2026. The decision on the same fitment factor can be taken next year in 2024 at the time of formation of the new pay commission, although the official confirmation is yet to be done. Earlier, the central government had increased the fitment factor in 2016 and from the same year the 7th pay commission was also implemented and the minimum salary of the employees went straight from Rs 6000 to Rs 18,000.
How much salary will increase
The fitment factor is considered very important for the salary of the employees, because on this basis the minimum salary of the employees is decided. For example, if the basic salary of a central employee is Rs 18,000, then excluding allowances, his salary will be 18,000 X 2.57 = Rs 46,260. If the fitment factor is 3.68, the salary will be Rs 95,680 (26000 X 3.68 = 95,680) ie Rs 49,420 in salary. With 3 times the fitment factor, the salary will be 21000 X 3 = Rs 63,000. If the fitment factor of the employees is increased, then the basic salary of 15500 can be increased to Rs.39835. 15500*2.57 = Rs 39,835.
Possible increase in house rent allowance
According to media reports, the house rent allowance may also increase by 3 percent if the dearness allowance is increased, after which it will reach 30 percent. This is estimated from the memorandum issued in 2015, which states that the HRA of the employees is linked to the dearness allowance and as soon as the DA crosses 50 percent, there will be a revision in the HRA as well. is being given at the rate of 27 per cent, 18 per cent and 9 per cent. Since HRA is determined by the category of that city. Where they work, there are indications of increasing the house allowance by 3%.
How much will the salary increase?
Please tell that there are 3 categories in HRA – X-YZ. Cities with a population of more than 50 lakhs fall in the ‘X’ category. Those with a population of more than 5 lakhs fall in the ‘Y’ category. Cities with a population of less than 5 lakhs fall in the ‘Z’ category. The minimum HRA for all the three categories will be Rs 5400, Rs 3600 and Rs 1800.
There is a possibility of 3 to 4 per cent hike in HRA for employees living or working in X class cities, 2 per cent for Y class cities and 1 per cent for Z class cities. For example if a If the employee’s salary is Rs 56,900 per month, then his HRA is estimated to be around Rs 15,000 at 27%, but at 30%, it is estimated to be Rs 17,000/month and Rs 20,000 annually.
