Sat, Mar 09, 2024
7th Pay Commission: When the central government announced a four per cent hike in dearness allowance (DA) and dearness releif (DR) for its employees and pensioners, it also announced an increase in House Rent Allowance (HRA). Apart from these two changes, Centre also announced a big change in the form of a tax exemption limit on gratuity of a central government employee. The limit on tax exemption has been increased from Rs 20 lakh to Rs 25 lakh. However, equally important for an employee is to know their gratuity amount at the time of retirement. Know how much gratuity you will get if your basic salary is Rs 15000 or Rs 20,000.
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Fri, Mar 08, 2024
7th Pay Commission: The central government has announced a four per cent hike in dearness allowance (DA) and dearness relief (DR). It has also increased House Rent Allowance (HRA) and also hiked tax exemption limit for gratuity. After a four per cent hike, the DA has reached at 50 per cent. Now, the question is whether this 50 per cent DA will add to the basic pay and will become zero? When and how can the 50 per cent DA be merged with basic pay? Read to know more
7th Pay Commission: Central government employees get a number of bonanzas on Thursday evening as the central government announced a four per cent hike in dearness allowance (DA) and dearness relief (DR). It also increased the tax limit for gratuity from Rs 20 lakh to Rs 25 lakh. But in another important announcement along with these two, Centre also increased the House Rent Allowance by one to three per cent. Know the new rates-
Sat, May 13, 2017
The Central government employees are likely to get maximum monthly hike in house rent allowance (HRA) by up to Rs 48,000 from June this year as per the 7th Pay Commission recommendations.
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