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7th Pay Commission: There will be major changes in DA, Traveling Allowance, Salary, PF and Gratuity! See full details

7th Pay Commission: 50 lakh central employees and about 61 lakh pensioners are waiting to re-implement the dearness allowance of July-December 2020 and 4 percent increase in it. But according to media reports, the government can give 4 percent DA hike for January-June 2021 before the government Holi. Sources also say that the government can also release the dearness allowance which was stopped in July 2020 due to Corona crisis. Although the government has not yet released any official statement regarding this




Government may announce 4% DA hike

It has been claimed in several media reports that the Central Government can announce 4% DA increase for January-June 2021. The government revises the dearness allowance of central employees twice a year, so that employees can be saved from the problems of high inflation. The first change in dearness allowance occurs during January to June. The second revision is from July to December.

Stopped DA can be resumed

Not only this, it is also being claimed in the media that the Central Government can resume the dearness allowance withheld in July 2020. This DA was stopped because of the Corona virus. At present, central employees get 4% less i.e. 17% dearness allowance.

Total 25 percent dearness allowance can be received

If the government starts reintroducing the 4% DA cut during July to December 2020 and increases the dearness allowance from January to June 2021 by 4%, then the central employees will directly benefit from the 8% DA increase. That is, DA is available for 17 percent now, but after the increase it will be 25 percent. That is, a good increase can be expected in the salary of central employees and the pension received by pensioners.

Will travel allowance also increase by 8%?

According to the suggestions of the 7th Pay Commission, the Travel Allowance-TA for Central employees will also increase along with Dearness Allowance, due to which the TA for Central employees will also increase by 8%.

Also Read: Wheat procurement to be done in UP at the rate of Rs. 1975 per quintal, Yogi government increased MSP by Rs. 50.

PF, salary, gratuity may increase this year

There is also a news in the media reports that three laws may come into force from April. In which there can be a big change in the employees’ gratuity, provident fund and working hours, although this has not been confirmed. Three Wage Code Bills passed last year can be implemented from April 1 this year. Reports state that with its implementation allowances will be maximum 50% of the total salary, while increase in basic salary will increase the provident fund, but will reduce the salary in hand. Whereas the increase in contribution to gratuity and provident fund will increase the amount received after retirement.

 

Parvesh Maurya
Parvesh Maurya
Parvesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ informalnewz@gmail.com
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