7th Pay Commission: By how much will Dearness Allowance increase this time? New update for central employees likely to come on May 31
7th Pay Commission: Central government employees will get a new update soon. On 31 May 2022, it will be estimated once again how much dearness allowance (DA) will be increase at the end of July.
)
07:04 PM IST
By Shubham Shukla
7th Pay Commission: Central government employees will get a new update soon. On 31 May 2022, it will be estimated once again how much dearness allowance (DA) will be increase at the end of July. Central employees are currently getting 34% DA money. But, the next allowance is to be revised. According to the current trend, there is a possibility of a 4% increase in dearness allowance. It can be announced in August 2022.
According to the 7th Pay Commission, the dearness allowance of central government employees is revised twice a year. It is announced once at the beginning of the year (in January) and once at the beginning of the second half. The first DA has been announced for the year 2022. It had been increased to 34%.
At present, consumer inflation is increasing continuously. In such a situation, dearness allowance is expected to increase well. The AICPI index, which came in April, had gained 1%. The possibility of an increase in dearness allowance is very high. A more clear picture will come out on May 31.
Big jump in AICPI numbers
Inflation numbers in the All India Consumer Price Index will be announced on May 31. In this, the inflation numbers for April will be updated. The inflation number is expected to remain high. The labor ministry's numbers for 3 months have arrived. There was a slight decline in January and February. It was reduced to 125.1 in January. At the same time, in February it had reached 125 points. But, there has been a big jump in March and the index has increased by 1 point to 126.
Labor Ministry releases figures
Dearness allowance figures have started to be released. At present, the figures that have come are indicating that the increase in the next DA (7th pay commission) can be up to 4%. At the same time, if the index shows a jump in the next three months, then DA Hike can also be 4%. The data of the All India Consumer Price Index (AICPI) has been taken by the Ministry of Labor and Employment on the basis of retail prices collected from 317 markets located in 88 industrially important centers of the country. The index has been prepared for 88 centers and for the entire country. AICPI is released on the last working day of every month.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
)
)
)
)
)
)
)
)
)
)
8th Pay Commission Pay Matrix: At 2.28 fitment factor, what can be revised basic pay for employees with basic salary of Rs 24,200, Rs 30,200, Rs 40,600 and Rs 61,000
DA Hike Latest Update: Cabinet may raise dearness allowance by 2% today; know how it impact your basic salaries of Rs 24,600, Rs 37,500, Rs 54,300, and Rs 71,700
8th Pay Commission News: What may be your revised pay if your current basic salary is Rs 20,300, Rs 40,600, Rs 50,400, or Rs 70,000?
8th Pay Commission Pay Hike: As Central government employees wait for 8th Pay Commission basic pay hike details, here's how their salaries have grown in 4th, 5th, 6th, 7th commissions
8th Pay Commission Updates: As Nirmala Sitharaman shares update, can maximum basic pay be more than Rs 6.40 lakh in new pay commission?
