What is the latest DA for central govt employees?
The rate of dearness allowance for the period from January 1, 2020 to June 30, 2021 will remain at 17%. In a Diwali gift to central government employees, in October 2021, the government hiked the DA by 3% over the existing rate of 28% of the basic pay and pension. This made the DA/DR to 31%.
What is the latest updation in 7th pay?
As per the new recommendations of the 7th Pay Commission, the maximum wages and remuneration have been raised for Government employees. The Apex scale employees will receive an increased salary amount of Rs. 2.25 lakh per month and for the officers in the Cabinet, the maximum remuneration is Rs. 2.5 lakh.
Will there be 8th Pay Commission in India?
The 8th pay commission panel will be expected to set up in the year 2024. So, the 8th CPC is will be implemented with effect from 01-01-2026. The pay scale of the new 8th Pay Commission Pay Matrix Table for Central Government Employees may be in the same current formula.
How much salary hike in 7th pay Commission?
The Union Cabinet had approved the recommendations of the 7th Pay Commission in June 2017 with 34 amendments. The entry-level basic pay was increased from Rs 7,000 per month to Rs 18,000, while the highest level i.e. secretary was increased from Rs 90,000 to Rs 2.5 lakh.
What is expected DA from Jan 2022?
34%
The Union Cabinet on Wednesday approved a 34% Dearness Allowance (DA) to the central government employees and Dearness Relief for pensioners. The decision to increase the DA by 3% will be effective 1 January, 2022. The new rate of dearness allowance will now be 34% from 31% earlier.
What is the expected DA from January 2021?
Consumer Price Index with base 2016=100 for the month of January 2021, which is 118.2, can be converted to CPI with base 2001=100 by multiplying it to the linking factor. The DA for central government employees and pensioners will be 34, a 3% increase as compared to the current DA rate of 31%.
What will be expected DA from July 2022?
4% hike in DA in July After March numbers, there was a possibility of increasing DA by three per cent in July 2022.
Is DA going to increase in Jan 2022?
The government has hiked the dearness allowance (DA) component for central government employees by 3% to 34% effective from January 1, 2022. The hike in DA will benefit central government employees, central government pensioners and family pensioners getting pension from the central government.