How much DA merger in 7th pay Commission?
How much DA merger in 7th pay Commission?
The minimum basic pay recommended for Central Government Employees at the entry-level by the 7th Pay Commission is Rs 18,000. Till 30th June 2021, at the 17 per cent DA rate, such employees were getting Rs 3060 as the dearness allowance. Now, at the 28 per cent rate, they will get Rs 5040 as the dearness allowance.
How DA will be merged with basic pay?
(61% – 50% = 11%) 50% of dearness allowance was merged with basic pay and the remaining 11% was issued as normal dearness allowance with effect from 1.1….50% DA Merger with Basic Pay Order PDF Download.
Basic Pay | Rs. 4000 |
---|---|
Dearness Pay | Rs. 2000 |
Remaining percentage of Dearness allowance 11% | Rs. 660 |
Total | Rs. 6660 |
Will there be 8th Pay Commission?
The 8th pay commission panel will be expected to set up in the year 2024. So, the 8th CPC is will be implemented with effect from 01-01-2026. The pay scale of the new 8th Pay Commission Pay Matrix Table for Central Government Employees may be in the same current formula.
Can DA be more than basic?
DA is merged with the basic salary of an employee when it exceeds the limit of 50%. This merging results in a significant hike in the salary of the employees. Currently, DA stands at 50% of the basic salary of an employee.
What is DA rate from Jan 2020?
The rate of Dearness Allowance/Dearness Relief for the period 01.01
What is expected DA from Jan 2020?
The OM said that the DA hike announced for 1st January 2020 (4%), 1st July 2020 (3%) and 1st January 2021 (4%) will be subsumed in the revised DA.
How much percentage is DA of basic salary?
The current rate of Dearness allowance multiply with your basic salary is Dearness allowance. For example, the existing rate of percentage is 12%, if your basic salary is Rs. 49000. The DA is (49000 x 12) /100.
What is Level 8 in pay matrix?
Pay level 8 of matrix
Index | Pay Level 8 |
---|---|
6 | 55200 |
7 | 56900 |
8 | 58600 |
9 | 60400 |
What is the current DA rate?
-The rate of Dearness Allowance/Dearness Relief for the period 01.01. 2020 to 30.06. 2021 shall remain at 17%. -The increase in the DA and DR will impose an additional annual burden of ₹34,401 crore on the exchequer, Minister of Information and Broadcasting Anurag Thakur told reporters after the cabinet meeting.
Is DA going to increase in 2021?
Prime Minister Narendra Modi chaired Cabinet Committee has increased the DA and DR from 17 per cent to 28 per cent. This means there has been a hike of 11 per cent. The revised slabs have come with effect from July 1, 2021.
What is current DA rate?
As per the recent OM, the rate of DA admissible to above categories of employees of Central Government and Central Autonomous Bodies shall be enhanced from the existing 164% to 189% of the Basic Pay with effect from 01.07. 2021. The increase subsumes the additional instalments arising on 01.01. 2020, 01.07.
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