7th Pay Commission: The actual Holi for central staff will take place on March 30, despite the fact that the nation celebrates the event on March 25. We are stating this because we anticipate receiving central staff’ wages by March 30. This time around, there will be a significant rise in compensation.
Anticipated Pay Increase on March 30
Since March 31 falls on a Sunday, it is anticipated that central employees’ pay increases will only take effect on March 30. On Sunday, March 31, however, the Central Reserve Bank has ordered that banks remain open. We would like to inform you that March 31 marks the end of the current fiscal year. The Reserve Bank has requested that banks open branches for this reason.
Increase in Dearness Allowance (DA)
Central employees now receive a 4% rise in their dearness allowance (DA). As a result, the employee’s allowance has grown from 46 percent to 50 percent. Since this took effect in January of last year, central personnel will also be entitled to arrears for the months of January and February. This implies that the enhanced allowance for March will be added to the salary for March along with the two-month arrears.
Growth in House Rent Allowance (HRA)
The House Rent Allowance, or HRA, has grown in tandem with the Central Government employees’ allowance reaching 50%. Central employees are eligible for up to a thirty percent HRA, depending on the category of the city. In addition, additional allowances will be given to central employees’ March salaries.
We would like to inform you that the special allowance for childcare, child education allowance, hostel subsidy, travel allowance on transfer, dress allowance, gratuity ceiling, and mileage allowance of central staff have been increased as a result of the 50% DA. All of these benefits are, however, claimable.
