DA, fitment factor likely to increase soon, know how much salary will be hiked: 7th pay commission
The dearness allowance (DA) for employees and pensioners may be increased by the central government next month. In the interim, some states have raised the DA.
7th pay commission Updates: The Central Government's workers and retired people are expected to get their DA/DR expansions in July. In March, the Center announced its final DA increase; It became law on January 1, 2023. The dearness allowance for employees may be increased by 4%, according to reports.
According to reports, the minimum wage for central government employees is anticipated to rise from Rs 18,000 to Rs 26,000 following the fitment factor increase.
How much will the DA be raised?
Assuming you remember the ascent, it truly intends that assuming your base month to month pay is Rs. It will increase by Rs. 18,000 720 from July onwards. Consequently, Rs. 8640 will rise annually.
Assuming your essential month to month compensation is Rs. Your compensation will increase by Rs. 56,900 as a result of the 4% July DA pay increase. 2,276. Each year, it will rise by Rs 27,312,
For the upcoming fiscal year, which begins on April 1, numerous states have announced changes to the DA rate. Employees in these states are compensated in accordance with the recommendations of the 7th Pay Commission. Please inform us of which states have announced DA increases within the final sixty days of the current fiscal year.
In Uttar Pradesh:
The DA/DR for pensioners and government employees in the state of Uttar Pradesh will be raised by 4%. After the increase, employees will now receive 42% DA/DR, up from 38% previously.
The government of Karnataka has increased the DA rate for employees by 4%. The DA rate in the state has increased from 31% to 35%. As of January 1, 2023, a new rate will be in effect. The dearness alleviation (DR) rate for retired folks has likewise been raised by the state government from 31% to 35%.
For large number of state workers and beneficiaries, the Tamil Nadu government last month helped the dearness remittance and dearness alleviation under the seventh Compensation Commission.
A 4% increase in DA and DR has been approved by the administration. The new version of DA will go into effect on April 1, 2023. In Tamil Nadu, the dearness allowance has increased from 38% to 42%.
DA was increased in April for Haryana Government employees who were paid under the 7th Pay Commission. Under the Manohar Lal Khattar administration, the DA for state government employees in Haryana has increased from 38 percent to 42%. In April, the announcement was made.