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The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday (October 1), has approved a three per cent hike in Dearness Allowance (DA) and Dearness Relief (DR) for central government employees and pensioners. This will take effect retrospectively from July 1, 2025. With the latest increase in DAthe rate jumped to 58 per cent from 55…
New Delhi23 minutes ago Copy link The cabinet meeting chaired by Prime Minister Narendra Modi will be held this afternoon. In which it can be decided to increase DA (dearness allowance) for central government employees and pensioners. Many major decisions related to infrastructure can be approved. It is also possible to increase the MSP of…
The Modi government has already fulfilled its promise to give a Diwali gift to Indian citizens. The centre has implemented new GST reforms from September 22 which made around 370 items cheaper and gave a big relief to middle-class people. Now, the government is preparing to give its employees big gifts before Diwali. The central…
DA Hike for July 2025: Crores of government employees (including central and state) eagerly wait for the dearness allowance (DA) hike as an increase helps their payouts meet rising inflation. The employees are more keen since this is set to be the last DA hike for the 7th CPC, which is set to end on…
The Employee Pension Scheme (EPS) is a pension scheme where employees receive a pension based on their years of service after the age of 58. Alternatively, you can take an early pension at 50 years of age. The pension fund is contributed to by both employers and employees. Let’s assume the salary of the individual…
The monthly pension for an employee is determined by their service period, which is taken up to the next year if their service period is six months or more. For instance, a service period of 10 years 7 months would be taken as 11 years. Taking an employee drawing a basic salary of Rs 68,000…
The Employee Pension Scheme (EPS) is a retirement plan managed by the EPFO that provides a monthly pension to employees after they turn 58. You can also opt for an early pension at the age of 50. Under this scheme, both employees and employers contribute to the Employees’ Provident Fund (EPF), with a portion of…
The Employee Pension Scheme (EPS) provides a monthly pension to employees after age 58, based on their salary and years of service. For a basic salary of Rs 68,000, the monthly pension would vary depending on the years of service. Let’s calculate the pension for 15, 28, and 32 years of service to understand the…
The Employee Pension Scheme (EPS) gives you a fixed income after retirement. You can start receiving a pension at 58 or opt for early pension at 50. If you leave your job 10 years before turning 58, you can withdraw the pension amount in one go at 58. Let’s calculate your monthly pension with a…
Last Updated:January 22, 2025, 11:12 IST As the 8th Pay Commission has been announced, explore the journey of salary hikes for central government employees in India, from the 1st to the 7th Pay Commission — implementation years, minimum salaries, and key recommendations. The current 7th Pay Commission recommended removal of Pay Band and Grade Pay…