New Delhi, September 1: September is shaping up to be a crucial month for central government employees as they anticipate a significant update regarding a salary increment and a Dearness Allowance (DA) hike on 7th pay commission recommendations. This month, the All India Consumer Price Index (AICPI) numbers for July 2024 will be released, which are critical for calculating the DA.

The DA for central government employees is based on the AICPI index numbers from January 2024 to June 2024. Although there has been no formal announcement, reports suggest that the government may approve the DA hike during a cabinet meeting scheduled for September 25. According to reports, a 3% increase in DA is expected. 7th Pay Commission: Good News for Central Govt Employees As 4% DA Hike Likely on Cards, Check Details Here.

Currently, employees receive a 50% DA according to 7th pay commission, but with the anticipated 3% increase, it will rise to 53%. According to the AICPI index, the total DA reached 53.36% by June 2024, but the government traditionally rounds down, setting it at 53%. 8th Pay Commission Proposal Submitted to Govt for Hike in DA, Basic Pay and Pension; Know How Much Salary Will Increase If New Pay Commission is Implemented.

For employees at Level-1, where the basic salary starts at INR 18,000, the new DA at 53% will amount to INR 9,540 per month, an increase of INR 540 from the current INR 9,000. This results in a total salary increase of INR 3,240 over six months.

For those at the maximum basic pay of INR 56,900, the new DA will be INR 30,157 per month, reflecting a INR 1,707 monthly increase from the current INR 28,450. Over six months, this equates to an additional INR 10,242 in salary.

(The above story first appeared on LatestLY on Sep 01, 2024 11:15 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).