The Budget 2018-19 has been finally tabled a day before, and now the Federal Government Employees are searching over the internet and discussing with their colleagues what they have got actually. Truly speaking FG Employees are in a win-win situation this time to some extent. In addition to 10% flat increase in their salaries, they will get 50% increment House Rent Allowance and Rental Ceiling as well.
Revised Rental Ceiling Chart 2018
The increment in House Rent Allowance of 50% is in favour of those not availing hiring or self-hiring facility allowance from the government. Those availing Rental Ceiling Allowances are also eligible to get that benefit at all.
In addition to raise in salary about 10% and 50% in HRA, the retired will get 10% increase in pension as well, and minimum pension has been increased from 6,000 to 10,000 per month. Moreover, the family pension has also been increased to 7,500 as well.
Revised House Rent Allowance 2018 (Civil Servants)
Government Employees often complain about the taxes on their salaries, but now this problem has been resolved for many government employees getting per month salary Rs. 100,000 or less or aggregate Rs. 1,200,000 per year. Now, these will be exempt from tax. That will also give these employees advantage of getting an additional payment that otherwise was being deducted as income tax from salary.
Benefits for Government Employees
In Fiscal Year 2018-19 Budget, the government announced my benefits for its employees. Here are the raise, benefits and perks announced for the federal employees.
- Salary – 10% Raise
- House Rent Allowance – 50% Raise
- Adhoc Relief Allowance – 10% Raise for Civil and Military Personals
- Pension -10% Raise
- Basic Pay – 10% Raise
All of the above benefits will effective from 1st July 2018, and the employees will get the real benefits in August against their salary of July 2018. This year is going to be best for government employees. Once their basic raises, there will slightly change in annual increment too. So, overall Federal Government Employees are not at a loss at all except those not eligible for the House Rent Allowance.
Once the detailed revised BPS chart is approved by the Ministry of Finance, we will publish on our website. So stay tuned for further updates.