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Following the publication of the Consumer Price Index for October 2023 by Labour Bureau, the recent update regarding the hike of Dearness Allowance for bank employees and officers will come into effect starting from February 2024. Bank Employees DA Hike In the first quarter of this year, specifically in 2024, the bank employees’ Dearness Allowance … Read more
The ‘Expected Dearness Allowance’ for January 2024 is eagerly anticipated among Central Govt staff and retirees and is now almost confirmed by the All India Consumer Price Index (CPI-IW 2016) released for the month of October 2023. This upcoming tranche of additional DA is projected to be at least 4% starting from 1st January 2024. … Read more
The All India Consumer Price Index (AICPIN) holds significant importance in the computation of the Dearness Allowance. Published on a monthly basis by the central government, the CPI index has garnered considerable attention for various reasons. In order to gain a comprehensive understanding, let us delve into its intricacies. DA Runs to Achieve 50% The … Read more
There is an expectation of a substantial rise of 50% in Dearness Allowance (DA) for Central Government employees and pensioners, commencing from January 2024. CPI (IW) October 2023 After analyzing the data and releasing the AIPCIN (All India Consumer Price Index Numbers) for the month of October 2023, it was observed that the monthly DA … Read more
Current AICPIN Oct 2023: 138.4 Press Release on AIPCIN for October 2023: The latest data pertaining to the All-India Consumer Price Index for Industrial Workers reveals noteworthy trends. In the month of October 2023, the index witnessed an increase of 0.9 points, resulting in a cumulative value of 138.4. This indicates a 0.65% rise compared … Read more
7th Pay Matrix Level 1 Salary Calculation The pay level-1 salary calculation for Central Government employees as per the city classification. We have given four types of salary calculation table in accordance with HRA and TA classification for the Basic salary is Rs. 18000. Pay Matrix Level 1 Overview Table Name 7th Pay Matrix Table … Read more
7th Pay Matrix Level 2 Salary Calculation The pay level-2 salary calculation for Central Government employees as per the city classification. We have given four types of salary calculation table in accordance with HRA and TA classification for the Basic salary is Rs. 19,900. Pay Matrix Level 2 Overview Table Name 7th Pay Matrix Table … Read more
7th Pay Matrix Level 3 Salary Calculation The pay level-3 salary calculation for Central Government employees as per the city classification. We have given four types of salary calculation table in accordance with HRA and TA classification for the Basic salary is Rs. 21700. Pay Matrix Level 3 Overview Table Name 7th Pay Matrix Table … Read more
7th Pay Matrix Level 4 Salary Calculation The pay level-4 salary calculation for Central Government employees as per the city classification. We have given four types of salary calculation table in accordance with HRA and TA classification for the Basic salary is Rs. 25500. Pay Matrix Level 4 Overview Table Name 7th Pay Matrix Table … Read more
7th Pay Matrix Level 5 Salary Calculation The pay level-5 salary calculation for Central Government employees as per the city classification. We have given four types of salary calculation table in accordance with HRA and TA classification for the Basic salary is Rs. 29200. Pay Matrix Level 5 Overview Table Name 7th Pay Matrix Table … Read more