DA Hike Latest News: It is going to be approved in the Union Cabinet meeting to be held today. This will be approved in the cabinet meeting on Wednesday. This time too, like the last time, there will be an increase of four percent in the dearness allowance.
7th Pay Commission Latest News: This time the wait for DA Hike for central employees is getting longer. Earlier the decision was expected to come on this before Holi. But the government did not make any announcement on this. But it is going to be approved in the meeting of the Union Cabinet to be held today. This will be approved in the cabinet meeting on Wednesday. This time too, like the last time, there will be an increase of four percent in the dearness allowance.
Dearness Allowance is being received at the rate of 38 percent
At present the central government employees are getting Dearness Allowance at the rate of 38 percent. After an increase of four percent, it will increase to 42%. It will be implemented from January 1. That is, the arrears of January and February will be given to the employees by the government. On Wednesday, the cabinet meeting is going on under the chairmanship of PM Modi. In this, approval on dearness allowance is the biggest issue. Sources related to the meeting claim that the cabinet has made up its mind regarding this.
Dearness allowance will be given at the rate of 42 percent Dearness allowance
at the rate of 42 percent is to be paid to central employees and pensioners in the salary of March. Along with this, arrears of two months will also be given to the salary earners and pensioners. If you look at the inflation chart, from July 2022 to December 2022, there has been an increase of 2.6 points in the AICPI index. In this there has been an increase of 4.40% in the total dearness allowance.
Based on the data of AICPI index of December 2022, it is decided to increase 4 percent dearness allowance. But its effect will be beneficial only when the approval is received. With a jump of 4 percent, the salary of central employees will increase by Rs 720 per month. This increase will be Rs 2276 per month for the maximum salary range. Calculating the minimum basic salary range of Level-3 at Rs 18,000…
1. Basic salary of the employee Rs 18,000
2. New Dearness Allowance (42%) Rs 7560/month
3. Till now Dearness Allowance (38%) Rs 6840/month
4. How much Dearness Allowance increased 7560-6840 = Rs 720/month
5. Increase in annual salary 720X12= Rs 8640
With 42% dearness allowance, the maximum basic salary of level-3 is calculated at Rs 56,900.
1. Basic salary of the employee Rs 56900
2. New Dearness Allowance (42%) Rs 23898/month
3. Till now Dearness Allowance (38%) Rs 21622/month
4. How much Dearness Allowance increased 23898-21622 = Rs 2276/month
5. Increase in annual salary 2276X12 = Rs 27312
Note: This figure of dearness allowance is tentative on the basis of 7th pay commission. After the increase in DA, the final calculation may increase.
