seventh Pay Fee: Annual wage of central authorities workers to go up by Rs 6840-27,312 as Dearness Allowance set for hike

by Shubham Shukla

seventh Pay Fee newest information: Lastly some nice information has come for the Central Authorities workers. It’s now confirmed what they are going to be getting as their Dearness allowance from 1 July 2022. In line with the individuals within the know, the DA hike is anticipated to be Four per cent and an announcement on that is additionally to possible come quickly.

Zee Enterprise has learnt by its sources that the choice on this could possibly be made throughout the upcoming Cupboard Assembly within the first week of August.

The just lately declared All India Client Worth Index (AICPI) counsel that the hike could possibly be to the tune of Four per cent.

How a lot was the AICPI Index in Might?

There was a giant bounce within the AICPI for the month of Might 2022 and was at 129. In April, it was at 127.7. 

Any hike within the DA is predicated on AICPI numbers.

If the June AICPI numbers go additional up, it’s fairly possible that the DA hike would go up.  

The brand new DA hike will probably be carried out from 1 July 2022. The workers may even get the arrear of the distinction in July and August.

Presently the central authorities workers are getting 34 per cent DA hike. After the rise the DA will probably be 38 per cent. On a primary wage of Rs 18,000, the annual DA improve will probably be Rs 8640.

Calculation on minimal primary wage:

1. Primary Wage – Rs 18,000

2. Present DA at 34% – DA hike by Rs 6120 monthly

3. New DA at 38 per cent – DA hike by Rs 6840 monthly

4. DA Improve – Rs 6840- 6120 = Rs 720 monthly

5. Annual Wage improve Rs 720X12= Rs 8640

Calculation on most primary wage:

1. Primary Wage – Rs 56900

2. New DA at 38% – DA hike by Rs 21622 monthly

3. Present DA at 34 per cent – 19346 monthly

4. DA Improve – 21622-19346= 2276 monthly

5. Annual Improve in DA – Rs 2276 X12= Rs 27,312

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The numbers are launched by Ministry of Labour & Employment on the final working day of the month. The AICPI index numbers are primarily based on the info collected from 88 industrial facilities throughout the nation.