7th Pay Commission: There is good news for Central Government Employees, the government can give a big gift to the employees on Holi. According to sources, extra money may be credited in your account. The government can transfer the increased DA (DA hike 2022) and arrears of the last 2 months along with the salary of March.
DA may be increased to 34 percent
Presently the total Dearness Allowance (DA) is 31%, however, it may be increased to 34% in the future. This increase will occur after the central government increases DA by 3%, bringing it to 34%. Central government employees' Dearness Allowance (DA) is revised twice a year, between January and July.
If the government implements it in March, then its money will be given in the salary of this month. Along with this, you will also get the arrears money for the months of January and February.
DA Calculation:
By multiplying the current rate of dearness allowance by the base wage, the DA is determined.
Calculation on Minimum Basic Salary
- Basic salary of employee: Rs 18,000
- New DA (34%) Rs 6120/month
- DA so far (31%) Rs 5580/month
- How much dearness allowance increased 6120- 5580 = Rs 540/month
- Increase in annual salary 540X12 = Rs 6,480
Calculation on Maximum Basic Salary
Basic salary of the employee: Rs 56900
- New DA (34%) Rs 19346 / month
- DA so far (31%) Rs 17639 / month
- How much dearness allowance increased 19346-17639 = 1,707 Rs/month
- Increase in annual salary 1,707 X12 = Rs 20,484
Rs 38,123 to be transferred after Holi
Central employees will be paid full payment of the new dearness allowance along with the salary of March. At the same time, employees are getting Rs 17,639 as arrears. Therefore the employees will be getting the increased DA money along with the previous arrears. According to the above calculation, the money that will be transferred will be Rs 20,484 + Rs 17,639 = Rs 38,123. However, there has been no confirmation from the government’s side regarding the same.
