Now since dearness allowance has become 34%, then it is believed that HRA can be increased again.
7th pay commission: There is good news for central government employees. Employees can get 2 more good news after increasing dearness allowance and dearness relief by 34%, after which there will be a bumper jump in salary. According to media reports, the house rent allowance of central employees can be increased once again, it can be increased by 3% like DA, the same fitment factor can also be decided so that the basic salary is 18000 to 26000, will go, However, so far no statement or official confirmation has been made by the government in this matter.
According to media reports, the DA of central employees has increased from 31% to 34% and now it is expected that soon the house rent allowance can also be increased by 3%, but this will happen when the DA is 50 percent. and then HRA will become 30%, 20%, and 10%. At present, the central employees are getting HRA at the rate of 27%, 18%, and 9%. In July last year, HRA was revised when DA crossed 25% and when DA was increased to 28 percent in July 2021 and then HRA was revised even if DA crossed 25%. Now since dearness allowance has become 34%, then it is believed that HRA can be increased again.
According to media reports, a 3% revision can be done in HRA after the DA hike, after which the maximum HRA rate will increase from 27% to 30% and the salary benefit will be Rs 20000. As per DoPT, revision in House Rent Allowance (HRA) of central employees is done on the basis of dearness allowance. In the same memorandum issued in 2016, it was said that with the increase of DA, the house rent allowance will also be revised, but there will be a condition that for this it is necessary to exceed 50 percent of the DA. If this happens, then the HRA will be 30 percent, 20 percent, and 10 percent. In 2021, 1 revision (HRA Hike) has been done but when will the second one do not know.
According to media reports, the basic salary of the same central government employees may also increase. Central employees have long been increased the minimum salary from Rs 18,000 to Rs 26,000 and the fitment factor 3.68 was hiked by 2.57 times. Seeking to increase it to 3.68 times. If the Modi government considers increasing the fitment factor after DA, then there will be an increase in the salary up to 50 thousand. Earlier, the minimum basic salary was increased from Rs 6,000 to Rs 18,000.
According to media reports, the basic salary of the employee is calculated by multiplying the fitment factor 2.57 of the 7th Pay Commission (7th Pay Commission latest update). If the fitment factor is increased from 2.57 times to 3.68 times, then there will be a benefit of 8000 in the basic salary and it will increase from 18000 to 26000. This will benefit about 52 lakh employees. For example, if the basic salary of a central employee is Rs 18,000, then his salary excluding allowances will be Rs 18,000 X 2.57 = a profit of Rs 46,260. With the same fitment factor being 3.68, the salary will be Rs 95,680 (26000 X 3.68 = 95,680) That is, you will get a benefit of Rs 49,420 in salary.