Employees-pensioners will get a big gift today! Decision on increase in dearness allowance, Salary will jump from 27000 to 1 lakh.

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DA Hike Announcement : Central employees will also get 3 months arrears along with DA hike, big announcement will be made by this day
DA Hike Announcement : Central employees will also get 3 months arrears along with DA hike, big announcement will be made by this day

There is a possibility of payment of 42 percent dearness allowance in March salary, in this total payment of Rs 1440 will be made separately, the total increase on pay-band three is to be Rs 720 per month.

If sources are to be believed, the finance department will issue the order after the proposal is approved in the cabinet meeting. This will benefit 50 lakh employees and 65 lakh pensioners.

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Central Employee DA Hike Update: 1 crore central employees and pensioners can get a big gift today on Wednesday. There is a possibility that in the cabinet meeting to be chaired by Prime Minister Narendra Modi on March 15, a big decision can be taken regarding central employees. After the arrival of the AICPI index, the dearness allowance of the employees can be increased once again up to 4 percent. After this dearness allowance will increase to 42%, the increased dearness allowance will be applicable from January 2023.

4% DA hike fixed, will increase from 38% to 42

Actually, the dearness allowance of central employees pensioners increases twice a year, depending on the AICPI data released by the Labor Ministry. AICPI figures have come till January, in such a situation, it is expected that once again the DA rates can be revised. After the AICPI index, 4% DA increase is believed to be fixed, if the consent is made then the DA of the employees will increase from 38% to 42%. At present, central employees are getting the benefit of 38% dearness allowance and dearness relief.

Will be applicable from January 1

If media reports are to be believed, the new dearness allowance rates will be implemented from January 1, 2023, in which case arrears for the months of January and February will also be given. There is a possibility of payment of 42 percent dearness allowance in the same March salary, in this a total of Rs 1440 will be paid separately, the total increase on pay-band three is to be Rs 720 per month. If sources are to be believed, the finance department will issue the order after the proposal is approved in the cabinet meeting. This will benefit 50 lakh employees and 65 lakh pensioners.

There will be a jump in salary up to 1.20 lakhs.

  • If DA becomes 42% then the employee will get Rs 7,560 as DA. That means he will get Rs 720 more. That is, according to the year, there will be a benefit of Rs 8,640.
  • If the basic salary of a government employee is Rs 56,000, then DA at the rate of 38% is Rs 21,280. After an increase of 4 per cent, it will become Rs 23,520. There will be an annual benefit of Rs 26,880.
  • If your basic salary is Rs 25,000 then you will be getting dearness allowance of Rs 9500 at present. But at 42 percent DA, it will become Rs 10,500, which means your salary will increase by Rs 12,000 annually.
  • If the basic salary of any employee is Rs 30,000 per month, then his salary will increase by Rs 1,200 every month, according to which the annual gross salary will increase by Rs 14,400.
  • If the basic salary of an employee is Rs 2.50 lakh per month, then his annual salary will increase by Rs 1,20,000. (These figures are shown as an estimate, there may be changes in it.
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