HRA recommended by 7th Pay Commission
The present rate of 10%, 20% and 30% in respect of House rent allowance have been reduced by 7th Pay Commission to 8%, 16% and 24% respectively.
The present rate of 10%, 20% and 30% in respect of House rent allowance have been reduced by 7th Pay Commission to 8%, 16% and 24% respectively.
7th Pay Commission has proposed for pay fixation in respect of existing employees which has to be determined by multiplying the factor applicable for grade pay and pay band in which the employee is drawing pay, with existing pay in pay band plus grade pay
7th Pay Commission report is out. While Pension of retired employees will be be increased by 24%, employees will get an overall increase of 23.55% – Fitment formula will be 2.57
This 23% salary hike out of 7th Pay Commission report has been worked by adding 15% hike on Basic Pay and DA and increase in allowances such as HRA
As per an article published in the International Business Times on the 6th of August 2015, an estimate was made on how substantial the hike in salaries would be following the 7th Pay Commission recommendations. Bank of America has estimated a 15% hike in the salary.
Media report suggested earlier on the submission of 7th Pay Commission report on 19th November or 20th November 2015. This news has been confirmed now by 7th Pay Commission.
CNBC TV18 reports that 7th Pay Commission report is ready and the same will be submitted to Finance Ministry on 19th November 2015 – It further says 15% increase in pay which is likely to be recommended is much lower than what was recommended by 6th Pay Commission
While 6th Pay Commission recommended hike in pay of around 35%, 7th Pay Commission report may disappoint around 50 lakh central government employees and 54 lakh pensioners
The 900-page report of 7th Pay Commission will recommend pay, allowances, pension and other service matters of as many as 48 lakh serving central government employees and 54 lakh pensioners
Confederation reports that minimum basic pay fixed by 7th pay commission would be around Rs. 21,000 – Even as nation wide protests have been planned on 19th November 2015, 7th CPC report will be submitted shortly
7th Pay Commission Pay Scales, pay and allowances estimated earlier by GConnect was based on dearness allowance of 124% with effect from January 2016. As DA from January 2016 has been estimated to be 125%, earlier estimation of 7th CPC pay Scales has been revised now.
NGCA a joint forum of Railway, Defence and confederation says govt is causing engineered delay and interference in the submission of 7th CPC report