7th Pay Commission: Good news for central employees, salaries will increase from July 1, find out how much benefit
At present, the minimum salary of central employees is Rs 18,000 as per pay-metrics.
7th Pay Commission: The long awaited good news from central employees has finally arrived. The inflation allowance of central employees is going to increase from July 1. Employees’ inflation allowance will go straight to 28 per cent. This additional benefit will also be seen in their salary
The good news for employees is that they will also be paid their three installments. Central employees currently get an inflation allowance of 17 per cent, which will now go up from 11 per cent to 28 per cent.
Notably, at present the minimum salary of central employees as per pay-matrix is Rs. 18000. It is expected to add 15 per cent inflation allowance. This will directly increase the salary by Rs 2700 per month. On an annual basis, the total inflation allowance will increase by Rs 32,400.
The inflation allowance is to be announced in June 2021. Even then, it is projected to grow by 4 per cent, according to sources. If this happens, the 4 per cent payment will be made in the next 6 months after the payment in three parts on July 1. The inflation allowance could reach 32 per cent of the total.
Currently DA is found at 17 per cent. The Central Government revises it every six months. It is calculated on the basis of Basic Pena. Currently employees and pensioners get different DAs.
Corona caused the government to freeze the inflation allowance from 1 January 2020 to 1 July 2021 last year. The amount of dearness relief (DR) for pensioners will not increase till July 1, 2021. This decision has saved the government a total of Rs 37,000 crore in the financial year 2021-22. However, central employees are demanding that the arrears be paid after January 1. But the central government has clarified that the arrears will not be paid. The decision regarding DA and DR in July 2021 will be implemented one by one.
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