How To Calculate Increment In 7th Pay Commission?
The Pay Commission got set up to suggest feasible economic changes in central government employees’ payment structure. If you are a government employee and had a salary increment under the 7th pay commission and are unsure what the increment amount is, you have ended up at the correct place. Read on to know how to calculate increment in 7th pay commission . Updates on 7th pay commission More than 23 lakh pensioners to get the benefit of up to Rs. 18,000 The government revised the pension limits for teaching and non-teaching staff of central and state universities on recommendations from the seventh pay commission. This decision of the government will benefit 25,000 pensioners of all universities. The decision will also benefit 15 lakh non-teaching retired staff from the state, public, and affiliated universities. HRA structure has impacted inflation The increase in HRA for employees of the central government has impacted the Consumer Price Index (CPI) by nearly 35 basis points at...