The new financial year is going to start from 31 March. Now the central employees are going to get a lot of benefit in this financial year. Actually, the government has now got a bumper gift to the employees on Holi.
Employees can get an advance of Rs 10,000 for festivals.
The new financial year is going to start from 31 March. Now the central employees are going to get a lot of benefit in this financial year. Actually, the government has now got a bumper gift to the employees on Holi. The government has started the Special Festival Advance Scheme as a gift, through which government employees can now take advance money. Also, there is a chance to give these money back in easy installments.
In such a situation, we know which people will get the benefit of this scheme and how can that money be paid. Although there was no provision of advance scheme before the 7th Pay Commission came into force, but still money is being given to the employees. Because of this, it is being called a special scheme.
How much will you get?
Actually, before this, in the Sixth Pay Commission, 4500 rupees used to get, but this time government employees can take money up to 10 thousand rupees. According to the Money 9 report, employees can take an advance of Rs 10,000 for festivals. The special thing is that the employees do not have to pay any money on this money and you can easily return it. The last date to take advantage of this scheme is 31 March 2021, that is, you can take money through this scheme before 31 March. This is a way to get advance money in addition to salary.
Explain that the employees are getting this facility based on the recommendation of the Seventh Commission and it can be withdrawn only once a year. It is not that the central employees can take advantage of this scheme, while the state government employees can also take this advance money. Also, employees can deposit this advance money in 10 easy installments.
Money will come in July
Soon dear dearness allowance is about to be received. Recently Union Minister of State for Finance Anurag Thakur has told that the arrears of three installments of dearness allowance of central employees and pensioners will be restored from July 2021. Also, he told that from July it will start getting back and it will benefit all employees and pensioners. If you too are waiting for this, now the wait is nearing its end.
Explain that due to the Corona virus crisis, the government had stopped three installments of dearness allowance of central employees on 1 January 2020, 1 July 2020 and 1 January 2021. Now they will be released soon. Right now 17 percent dearness allowance is being given to central employees. The cabinet has approved a 4 percent increase in it. This will increase dearness allowance to 21 percent, which will be implemented from 1 July 2021.
Also read- This is the right way to update KYC in PF account, first know whether KYC has happened or not