New Delhi: In what could be a post-Diwali delight, lakhs of central government employees are expected to receive a significant pay rise from January 2022. Under 7th Wage Commission, employee pay will increase due to an increase in the housing allowance (HRA), a significant part of the salary, especially for civil servants.
The finance ministry has already started planning to increase the HRA of central government employees, according to a report from Jagran.com. This move is expected to benefit over 11.56 lakh employees working with Indian Railways.
If the central government approves the proposal, the government will start crediting the increased HRA from January 2022. The Indian Railway Technical Supervisors Association (IRTSA) and the National Railway Federation (NFIR) have requested the implementation. implementation of an increased HRA.
Harishankar Tiwari, former chairman of AG Office Brotherhood and general secretary of the All India Accounts and Audit Committee, told Jagran News that increasing the cost allowance would increase the HRA and the allowance transport (TA).
In the 7th Wage Commission, employee salaries increase when the Center deploys the DA or HRA increase. Tiwari pointed out that according to the 7th Wages Commission, the HRA should increase when the DA reaches more than 25% of base salary. The HRA will increase the rate from 8, 16, 24 percent to 9, 18, and 27 percent.
He also pointed out that if an employee’s base salary is Rs 30,000, then the benefit will now be in the range of around Rs 5,400 to Rs 8,100 per month. In addition, the latest updates have been set at a minimum of Rs 5,400 per month. Also read: Fixed deposits: you can now get up to 7% interest on 3-year FDs; here’s how
HRA is a crucial salary component paid to employees by an employer to cover the cost of living in this city. Also read: Photo app sues Facebook’s Meta for copying its main feature for Instagram