DA Hike – Employees Likely To Get 2 to 3 % Hike ahead of Holi? How Monthly Salary Calculations

DA Hike:- The government can give a significant gift to the central government employees and pensioners before Holi. This year, the Holi festival will be celebrated with great pomp nationwide on March 14. If media reports are to be believed, then next week before Holi, the government can increase dearness allowance and dearness relief for employees and pensioners. If this announcement is made, then 1.2 crore employees and pensioners will get its benefit.

However, the announcement is made around Holi for the increase in January and around Diwali for the revision in July. It was believed that the government could increase the dearness allowance by 3 to 4 per cent in March. But, now the news is that dearness allowance will be increased by only 2 per cent.

When will the DA increase

This increase in dearness allowance is done twice a year in the months of January and July. According to the inflation rate, DA is expected to increase by 2% in the salary of central government employees. With this, dearness allowance can be increased from 53% to 55%. In October 2024, central government employees got a DA hike of 3%, which was considered adequate from July 1, 2024. After the hike, DA increased from 50% to 53%.

How much will the salary increase due to the DA hike?

If DA is increased by 2%, an employee’s salary of Rs 18,000 will increase by Rs 360 monthly. If an employee’s total salary is Rs 30,000 and his basic salary is Rs 18,000, he currently gets 53% DA, i.e. Rs 9,540. But after a 2% increase, he will get Rs 9,900 monthly. If DA is increased by 3%, then DA will increase by Rs 540 to Rs 10,080 monthly.

Announcement of 8th Pay Commission
In January, the Centre had announced the 8th Pay Commission. It is expected to be implemented by next year. After the announcement of the formation of the 8th Pay Commission, there is a possibility of a huge jump in the salary and pension of employees and pensioners. According to reports, after implementing the 8th Pay Commission, the government can abolish the old allowance and start a new one.