Seventh Pay Commission: This long stretch of February can bring extraordinary news for Central employees. More than 1 crore workers and retired people will get their salary because of the expansion in Dearness Allowance (DA) for January 2022. Allow us to let you know that there has been a pay raise up to 90 thousand rupees. This expansion will be as Dearness Allowance. We will let you know its complete computation.
Increment in DA
As indicated by media reports, the declaration of expansion in dearness allowance (DA Hike) of workers should be possible before the finish of March. Allow us to illuminate that in January 2022, 3% DA has expanded.
That is, the DA to the representatives will increment from 31% to 34 percent. As indicated by AICPI information, the figures till December 2021 have come. As needs be, Dearness Allowance (DA) has been expanded to 34.04 percent.
Subsequent to expanding the dearness allowance by 3%, presently the all out yearly DA on the fundamental compensation of Rs 18,000 will be Rs 73,440.
See full computation here
1. Computation on Minimum Basic Salary
1. Basic salary of the worker Rs 18,000
2. New dearness allowance (34%) Rs 6120/month
3. Dearness allowance up until this point (31%) Rs 5580/month
4. How much dearness allowance expanded 6120-5580 = Rs 540/month
5 Increase in yearly salary 540X12 = Rs 6,480
6. Absolute Dearness Allowance (DA) 6120X12 = Rs 73,440
2. Estimation on maximum basic salary
1. Basic salary of the employee Rs 56900
2. New dearness allowance (34%) Rs 19346/month
3. Dearness allowance up to this point (31%) Rs 17639/month
4. How much dearness allowance expanded 19346-17639 = Rs 1,707/month
5. Expansion in yearly salary 1,707 X 12 = Rs 20,484
6. Absolute Dearness Allowance (DA) 19346 X 12 = Rs 232,152
