Good News: Employees Will Get A Bumper Jump In Salary Upto Rs 8100 , Know Details Here
Soon the employees will get a bumper jump in salary, update on outstanding DA Arrears also, know detail here
With this, more than 11.56 lakh employees will be benefited and there will be an increase in salary up to Rs 8100. This increase can be implemented from January, 2022.
7th Pay Commission. There is good news for Central Employees Salary Hike. In the new year 2022, the Modi government of the Center can give a big gift to more than 11.56 lakh employees. According to media reports, the House Rent Allowance (HRA) of the employees can be increased once again, this will increase the salary by up to Rs 8100. The same can also be decided on the outstanding DA arrears of 18 months before Christmas 25 December 2021. This will benefit 1 crore employees and salary will increase up to 2 lakhs.
According to media reports, the Modi government of the Central Employees Center can give the gift of House Rent Allowance (HRA) in the new year. The Indian Railway Technical Supervisors Association (IRTSA) and the National Federation of Railwaymen (NFIR) had demanded an increase in HRA from January 1, 2021, after which the Finance Ministry has made a proposal and sent it to the Railway Board for approval and Now just waiting for the approval. If approved, more than 11.56 lakh employees will be benefited and there will be an increase in salary up to Rs.8100. can be found.
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18 months DA arrears may be decided on Christmas
Apart from this, the wait for 18 months of outstanding arrears of 1 crore central employees may also be over. ) can be decided in a meeting with the Cabinet Secretary before Christmas on December 25. The same National Council of JCM, Department of Personnel and Training and Ministry of Finance have demanded that while restoring DA, the pending DA arrears for 18 months. One Time Settlement should also be done. If this happens, then the employees will get the benefit of up to 2 lakh in salary.
There is another big news for central employees. Actually, in a report it has been said that the government may soon give him a big gift. Yes, it is believed that the increase in fitment factor is almost certain. If this happens, then there will be a big jump in the salary of the employees.
Let us inform you that the last time the fitment factor increased was in 2016. The 7th Pay Commission was also implemented in the same year. At that time the minimum salary of the employees had gone straight from Rs 6000 to Rs 18,000. Now the government can increase the salary of central employees again this year.
The report quoted sources as saying that the government is seriously considering this and there is a possibility that the fitment factor of the employees may increase this month. The fitment factor decides the basic salary for all central government employees. This time around, if there is a possible increase in the fitment factor, the minimum basic pay will increase from Rs 18,000 to Rs 26,000.
That is, the government employees will get a direct increase of Rs 8000 in the basic salary. Let us tell you that the fitment factor plays an important role in the salary received by the employees. Due to this factor, the salary of central employees increases by more than two and a half times.
According to the recommendations of the 7th Pay Commission, the salary of the central employees is decided by their basic salary and fitment factor in addition to the allowances. That is, if a decision is taken to increase it, then the employees will get double benefits. Apart from this, according to the possibilities being expressed, the dearness allowance given to the employees by the central government may also increase.
The announcement of an increase in dearness allowance (DA) can be done in March. According to AICPI data, DA has reached 34.04% till December 2021. DA on basic pay of Rs 18,000 will be Rs 73,440 per annum after 3% increase in allowances.
48 lakh employees and 68 lakh pensioners will get benefits due to increase in dearness allowance. Earlier there was a possibility that it could be announced in the budget 2022, but it did not happen. Now it is expected that the government can announce it before the upcoming elections.
However, it is difficult to say how much it will increase and when it will be announced. But it is believed that the dearness allowance may increase from 31 percent to 34 percent.
Why will there be an increase in the salary of the employees?
According to the survey, due to the strong improvement in the financial position of the companies and positive business sentiment, the companies are going to make a record salary increase this year. Companies are planning to invest in new age capabilities to build a combative workforce. The job loss rate has increased rapidly during the pandemic. That’s why companies are also resorting to salary hike to stop their energetic and efficient employees.
Understand the complete math of HRA like this
-Under 7th Pay Commission, when DA exceeds 25 percent, HRA will also increase. Its rate will increase from 8, 16, 24 percent to 9, 18 and 27 percent.
-Under this, the employees will get a minimum benefit of Rs 5400 and a maximum of Rs 8100 per month.
-For example, if someone’s basic salary is Rs 30,000, then he will get the benefit of HRA of about Rs 5400 to Rs 8100 per month.
-Cities with a population of more than 50 lakhs fall in the ‘X’ category.
-Those whose population is more than 5 lakhs, they come in ‘Y’ category.
-Cities with a population of less than 5 lakhs fall in the ‘Z’ category.
-The minimum HRA for all the three categories will be Rs 5400, 3600 and Rs 1800.
-According to the Department of Expenditure, when the dearness allowance reaches 50 percent, the maximum house rent allowance will increase to 30 percent
