Several media stories say that the central authorities staff can get one other shock this month. After DA, the federal government may improve different allowances together with House Rent Allowance (HRA) quickly.
seventh Pay Commission Update: According to media stories, the federal government has lately introduced a rise within the Dearness Allowance (DA) of central authorities staff in numerous departments. The authorities has elevated the DA by 3% to 34%.
Several media stories additionally say that the central authorities staff can get one other shock this month. After DA, the federal government may improve different allowances together with House Rent Allowance (HRA) quickly.
HRA could improve
The final hike in HRA was in July final 12 months. At that point the federal government had additionally elevated the DA to twenty-eight p.c. Now that the federal government has elevated DA, then there are possibilities that it could additionally improve or revise the HRA. If the HRA is elevated, then there could be a huge improve within the wage of central authorities staff.
How HRA is determined
House Rent Allowance for presidency staff is set by the class of town by which they work. Basically there are three classes X, Y and Z. Class X staff are getting HRA on the fee of 27% of their fundamental wage. The Y class will get HRA on the fee of 18 to twenty p.c. Whereas, Z class will get HRA on the fee of 9 to 10 per cent. This fee varies by the realm and metropolis.
How a lot HRA will improve?
According to media stories, the HRA of presidency staff could quickly improve to three p.c. Employees in X class cities may even see a 3% hike of their HRA, whereas Y class cities may even see a 2% hike of their allowances.
Apart from this, the HRA of staff in Z class cities may improve by as much as 1%. That is, the HRA of presidency staff will improve from 27% to 30%.
Source – ‘Money Control’
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