7th Pay Commission: Now Salary of Employees Will increase By Rs 49,420, DA Will increase By This Much%

By Yuva Patrakar Jan 15, 2024, 10:38 IST

7th Pay Commission: For your information, let us tell you that the pensioners and central employees of the country have received great news. Dearness allowance will increase again. But in another situation, central employees will get good news. Dearness Allowance, or Compassion Allowance, is mentioned first. In fact, the AICPI index has reached 139.1.

These are the reasons. That 4% increase in dearness allowance of employees is certain. This will significantly increase the salary of the employees. More than one crore employees and pensioners of the country will get direct benefits from this.

DA will be 50%

The central Modi government can once again increase the dearness allowance of central employees by 4% from January 2024. Despite this, this increase will take place in March. AICPI figures show a growth of 4% by November 2023. If dearness allowance increases by 4%. So it will reach 50%.

Central employees will get double good news

Now the matter of second good news. That the central employee can also get the benefit of fitment factor. Employees have been demanding this for a long time. Now the discussion about its increase is in full swing. If this happens, there will be a significant increase in the salaries of the employees. The basic salary of central employees will increase by Rs 8,860 due to increase in fitment factor under the Seventh Pay Commission.

Employees can get this increase after DA hike. Despite this, the fitment factor is 2.57 times. It is likely to be 3.68 times. If this happens. So the basic salary at level-3 will be from Rs 18000 to Rs 26000. There will be a direct increase of Rs 8000 in the salary of employees. This will also affect DA payment.

X Class and TPTA—Basic Salary Rs. 18000 per month

Basic Pay: Rs 18,000 Dearness Allowance (46%): Rs 8,280 Domestic Fare (27%): Rs 5,400 Transport Allowance: Rs 1,350 Transport Allowance on DA: Rs 621 Gross Pay: Rs 33,651

You will get Rs 49,420 from Fitment Factor

The basic salary of a central employee at level-3 is Rs 18,000. Therefore, excluding allowances, his salary will be Rs 18,000 X 2.57 = Rs 46,260. If the fitment factor is increased to 3.68 times then the salary will be 26000 times 3.68 = Rs 95,680. This will provide bumper benefits to the employees. Meaning is this. That the employees will get Rs 49,420 more than the current salary. This calculation is based on minimum salary. Maximum payers may get more benefits.

Superfast News Coverage By YuvaPatrkaar.com Team

Publish Date: January 15, 2024

Posted By Sunil