There is good news for the employees. Their dearness allowance has been increased. The increase in dearness allowance will be effective from October 1. The increase is going to be effective for 3 months. There will be an increase in the salaries of employees once again in January.
Employees DA Hike: Employees have once again received a big gift before the festival. Dearness allowance has been increased. The increase in dearness allowance will be applicable from October. Along with the salary received in November, they will also get the benefit of increased salary. His salary may increase by additional Rs 3700. At the same time, a minimum increase of Rs 1300 in salary is considered fixed.
Announcement of bonus for employees
Tata Steel announced bonus for its employees. However, before this there will be an increase in dearness allowance. Their dearness allowance will have to be increased on the basis of All India Consumer Price Index. There is to be an increase of 4.38% in dearness allowance. Similarly, dearness allowance is to be increased for NS series employees also.
Increase in dearness allowance
Tata Steel may increase the dearness allowance of old series employees by 4.38% based on Consumer Price Index. With this increase, now the dearness allowance of Old Series employees will increase by 43.46 percent while the dearness allowance of NS series employees has increased by 287 points. For NS employees, a monthly increase of Rs 861 will be recorded at the rate of 3 per point. It will be made effective from October 1.
Salary will increase by this much
Due to increase in dearness allowance, there will be a big increase in the salary of the employees. There will be a minimum increase of Rs 1310 in the salary of old series employees. A maximum of Rs 3754 will be provided to them as increase in monthly dearness allowance. Please note that dearness allowance is to be effective for 3 months. There will once again be an increase in their dearness allowance in January.
Along with this, there will be an increase in dearness allowance for JSC employees also. Dearness allowance for old series employees of JUSCO employees has been increased by 4.38 percent. With this, their salary will see a minimum increase of ₹ 1200 while a maximum of ₹ 3000. After this the salaries of the employees can increase up to Rs 47000. There is to be an increase of 287 points in dearness allowance for the new series employees.