DA Hike Updates: This month, central employees will receive a significant boost in their pay. This month, the central government will announce an increase in the dearness allowance. The wait period for central employees will now come to an end.
The date of dearness allowance to be implemented from July 2024 has been confirmed. We will announce the implementation date at the end of September. Let us tell you, it has become clear from the data of AICPI index from January to June 2024 that how much jump will be seen in dearness allowance. This will directly benefit central employees and pensioners.
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The 7th Pay Commission implements this increase twice a year. This time around, the increase will benefit lakhs of central employees and pensioners. The cabinet meeting on September 25 may bring an end to the wait for the government’s announcement.
When will we announce the DA hike?
According to media reports, there is a possibility of a 3% increase in dearness allowance. Its basis is the data of AICPI IW Index from January to June 2024. The index registered an increase of 1.5 points in June. Following this, a decision was made to increase the Dearness Allowance (DA) by 3% starting from July 2024 for the employees. Following this increase, the dearness allowance will reach 53%.
How much will the salary increase?
Employees can increase their salary by 3% by increasing the dearness allowance. The salary of the employees who have a monthly salary of Rs 50,000 will increase by about Rs 1,500.
What is DA? DA means Dearness Allowance, also known as Dearness Allowance. Both government and non-government employees receive this amount. In light of rising inflation, the government has given employees the gift of DA. The government adds other amounts, such as house rent allowance, to the basic salary to form the DA.