7th Pay Commission: Employees and pensioners of the central government have been anticipating numerous government announcements for an extended period. Among these, the 18-month DA dues and the declaration for the 8th Pay Commission are deemed significant. Government sources indicate that central government employees can expect two pieces of positive news as the New Year 2025 begins.
A significant salary increase!
As per the 7th Pay Commission, it is anticipated that the declaration of the DA increase for January 2025 and the DA dues for 18 months could be announced. The Dearness Allowance for central government staff and the Dearness Relief for retirees are anticipated to rise by a minimum of 3% according to the AICPI index from July 2024 through December 2024. If that occurs, DA and TR will rise by 56%. This will result in a significant salary increase.
Understand the calculation
If the DA rises by 56% in January, the monthly DA will be = Rs.18,000 x 56% = Rs.10,080. July 2024: The DA percentage is 53%. Current DA – Rs.18,000 multiplied by 53% equals Rs.9,540 per month. Difference: Rs.540 each month or Rs.6,480 annually. The highest salary for employees is Rs.2,50,000. If DA rises by 3%, the increase in DA will amount to Rs.7,500. This rise will offer financial support and enhanced economic stability to the workers.
The current minimum pension for Pensioners of the Central Government is Rs. Nine thousand. The highest pension is Rs. 1,25,000. If the dearness relief rises by 3%, these will amount to Rs. 270 and Rupees. 3,750 correspondingly.
Some media reports indicate that the government might reveal a new figure for the dearness allowance covering the 18 months that were halted because of the Corona pandemic. The budget is anticipated to offer positive updates regarding the 18 months of DA dues for employees and pensioners of the central government. Nevertheless, there has yet to be an official statement concerning the DA arrears.