7th Pay Commission: According to the news going on in the media, the dearness allowance of central employees can be increased in the third month of March i.e. in the new year itself. The first round of DA hike can be done in the month of March.
New Delhi: 7th Pay Commission: Preparations are being made to give the biggest gift of the new year i.e. 2023 to the central employees. According to the news going on in the media, the dearness allowance of the central employees can be increased in the third month of the new year itself. The first round of DA hike can be done in the month of March. Let us tell you that in March last year too, the dearness allowance of the central employees was increased, which came into effect from January 1. It is expected that the government will increase the dearness allowance this time also in March.
DA hike may happen before Holi
The government revises both DA Hike and DR Hike twice a year. For the first time, the government revises DA on 1st January and then on 1st July. By increasing these two, about 48 lakh central employees and 68 lakh pensioners will benefit. Looking at the trend of last year, it is being speculated that the government may hike DA before Holi. DA Hike may be from March but it will be implemented from the month of January only.
DA Hike happened in these states last year
Last year around Diwali, the central government had announced DA Hike for its employees. After the announcement of DA Hike, many states like Uttar Pradesh, Haryana, Punjab, Delhi, Chhattisgarh, Assam, Rajasthan, Jharkhand and Odisha had announced increase in DA for their employees.
This is why DA Hike is done
Let us tell you that in order to deal with inflation, the central government hikes the DA of its employees. This dearness allowance is given to the employees, dearness relief to the pensioners. The calculation of DA is decided through some percentage on basic salary, now it is 38% DA, then your DA will be 38% of basic salary.