7th Pay Commission Salary: Here is how you can calculate DA
Under the 7th Pay Commission, the pay of central government employees is decided on the basis of pay matrix, and those underpay level 1 were to get a minimum salary of Rs 18,000 per month, along with HRA and other allowances.
7th Pay Commission DA Amount Calculation: With several positive announcements and implementation of certain demands related to 7th Pay Commission, the central government appears to have placated over 1.1 crore central employees and pensioners ahead of the Lok Sabha Elections. Now, the central government employees are getting increased salary since January 1, 2016, according to the 7th Pay Commission, but the Centre had reduced the Dearness Allowance to zero (0), and later introduced it again for the employees. The DA for central as well as state governments is at 12 per cent.
How this DA is calculated and how this allowance is enhanced in the salary of employees is a tricky subject, but Harishankar Tiwari, former president of AG office Brotherhood, Allahabad, told ZeeBiz.com the way it is calculated. Tiwari, who has been part of this process in Uttar Pradesh, said that DA is increased on a half-yearly basis by the central government. After its implementation, DA has now become 12 per cent.
Under the 7th Pay Commission, the pay of central government employees is decided on the basis of pay matrix, and those underpay level 1 were to get a minimum salary of Rs 18,000 per month, along with HRA and other allowances.
The details in the following para will make you understand as to how to calculate your DA.
Recently, the government announced 3 per cent, and if we calculate level 1 basic salary at the rate of 3 per cent, it will be:
Level 1 Rs 18,000 540
Level 2 Rs 19,900 597
Level 3 Rs 21,700 651
Level 4 Rs 25,500 765
Level 5 Rs 29,200 876
Further, Harishankar Tiwari told ZeeBiz.com as to how basic salary changes after the increment. He reportedly said that with 3 per cent DA hike, Rs 540 is the minimum per month increase, but those employees who got promoted, their basic pay has already increased, therefore, their DA calculation will be different. For example, if an employee has spent 33 years in the government job, he is expected to get 33 promotions, and on this basis, his basic will be decided according to current basic.
Watch this Zee Business video
Those government employees who have spent 5 years in the job, their basic will be about Rs 20,300 per month, and on this basis, their DA will be Rs 609, Mishra added.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
09:43 PM IST