Seventh Pay Commission update:  Here are the details of proposed salary hike

Come Holi, the central government employees will get a double bonanza.

The Centre may increase the dearness allowance by 3 percent on the recommendation of the 7th Pay Commission. The government may also increase House Rent Allowance.

If reports are believed, the central government may increase the dearness allowance by up to another 3 percent, leading to a substantial hike in the salary of the central government employees. This apart, the government is also likely to make announcements regarding House Rent Allowance (HRA).

More than 50 lakh central government employees and 61 lakh pensioners will get the benefit if the HRA and DA are hiked before the festival of Holi.

The central employees’ DA will rise to 34 percent if increased by 3 percent. Currently, the central employees are getting 31 percent of DA.

Speculation regarding the increase in dearness allowance has been rife after the Union Budget.