7th Pay commission: DA increase news: There is possibility of good news for central government employees ahead of Holi. The government is considering to increase DA by 4 per cent in coming days. According to media report, the central government will announce DA hike decision in the first week of March. (7th Pay commission: DA increase news)
The current Dearness Allowance for central government employees is 38%. According to reports, the dearness allowance will be hiked by 4% in January 2023. This means that DA will rise from 38% to 42%. The increased DA for central employees will be paid in March salary beginning in January 2023.
The central government hikes DA and DR of government employees and pensioners twice a year. First in January, then again in July. According to AICPI data, the figures will be available until December 2022. As a result, a 4% increase in DA seems almost certain.
The CPI(IW) figure will remain at 132.3 until December 2022. According to the figures, the dearness allowance will increase by more than 4%.
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7th Pay commission: DA increase news: How much more will government employees get after DA hike?
The total DA will be 42% after the 4% dearness allowance increase. The total annual dearness allowance on a Rs 18,000 basic salary is now Rs 90,720. (annually). Every month, there will be a Rs 720 increase. Employees currently receive Rs 6,840 in dearness allowance per month at 38%. Employees will now receive Rs 7,560 per month after the raise.
If the employee's basic salary is Rs 18,000 per month, then calculation here:
18000 x 42 / 100 = 7560
New Dearness Allowance (42%) Rs 7560/month
New Dearness Allowance (42%) Rs 90,720/annum
Dearness Allowance till now (38%) Rs.6840/month
How much dearness allowance increased 7560- 6840 = Rs 720 per month
Increase in annual salary 720X12 = Rs 8,640
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