Budget 2024-25 Salary Increase Govt Employees. Pension for retired government employees will increase by 15%. The government has a proposal to raise the salary @ 25% of basic pay in the shape of adhoc relief allowance 2024.
Consequently, there will be a substantial increase in the salaries and pensions of central government employees. Many employees have already informed their companies about their choice of tax regime for deducting taxes from their salary in april 2024.