What is the latest updation in 7th pay?
As per the new recommendations of the 7th Pay Commission, the maximum wages and remuneration have been raised for Government employees. The Apex scale employees will receive an increased salary amount of Rs. 2.25 lakh per month and for the officers in the Cabinet, the maximum remuneration is Rs. 2.5 lakh.
What will be the DA from July 2021?
The DA was hiked from 17 per cent to 28 per cent by the government, with the hike applicable for their salaries from July 2021 onwards. AICPI data suggested that the DA is payable at a 31 per cent rate given that the index for June 2021 increased by 1.1 points, leaving the final number at 121.7.
Is DA announced for central govt employees?
The DA was restored from 17% to 28% by the Central government, with the hike applicable from the salary of July 2021 onwards. The Central government has also increased the House Rent Allowance (HRA) from 24% to 27%. Now, there could be another good news for Central government employees and pensioners.
Is HRA increase in 2021?
In 20217, the Department of Expenditure had issued an order, saying that when the DA will exceed 25%, the HRA will be revised automatically. As per a report by Times Now, the revised HRA will be paid to the Central government employees along with the basic salary of the month.
What is Da rate from Jan 2020?
It also clarified that DA for the period of 1st January 2020 to 30th June 2021 for both 5th pay commission and 6th pay commission employees at 312% and 164% respectively. Means, no DA arrears will be paid to these employees for the period of 1st January 2020 to 30th June 2021.
What happens if DA crosses 25 %?
If DA Crosses 25 Percent Hike Allowances At present, the HRA is paid at the rate of 24%, 16%, and 8% as per the classification of the cities and towns notified by the Fiance Ministry.
How HRA is calculated?
How is Exemption on HRA calculated?
- Actual HRA received from employer.
- For those living in metro cities: 50% of (Basic salary + Dearness allowance) For those living in non-metro cities: 40% of (Basic salary + Dearness allowance)
- Actual rent paid minus 10% of (Basic salary + Dearness allowance)
What is 7th Pay Commission?
The 7th pay commission is a body constituted by the Central government. It is expected to make recommendations on salary, allowance etc of civil as well as military employees. A Pay Commission is constituted every 10 years by the Government of India; it gives recommendation regarding changes in salary structure of government employees.
What is 7th Pay?
The 7th Pay Commission covers all employees of the central government and individuals in the central government’s civil forces as well as individuals who receive salaries from the consolidated fund of India (the account through which revenues are collected by the government).
What is wage grade 7?
GS-7 is the 7th paygrade in the General Schedule (GS) payscale, the payscale used to determine the salaries of most civilian government employees. The GS-7 pay grade generally marks an entry-level position.