Big relief to central employees in the new year, dearness allowance will increase by this much%, see latest update

DA Hike Update: The new year can start with good news for central employees and pensioners. Fresh indications are emerging regarding Dearness Allowance (DA), according to which a good increase in DA may be seen in the coming time. At present, DA is being given to central government employees at the rate of 58 percent, but it is estimated that this figure may reach between 61 to 63 percent.

Why is it considered certain to increase dearness allowance? (DA Hike Update)

Dearness Allowance is calculated on the basis of All India Consumer Price Index for Industrial Workers (AICPI-IW). There has been a continuous increase in retail inflation rate in recent months. For this reason, experts believe that the government can increase it by 3 to 5 percent in the upcoming DA revision.

The government revises DA every year from January and July, although its formal announcement is made later. If the current trend continues, a direct increase in the salary of employees is considered certain in the new year.

How much will be the benefit in salary?

DA increase has a direct impact on the monthly salary of the employees. For example, if an employee’s basic salary is Rs 18,000, then:

• At 58% DA he gets approximately Rs 10,440
• With 63% DA, this amount will increase to around Rs 11,340.

In this way there will be additional profit of about Rs 900 every month. For employees whose basic salary is higher, this increase can reach thousands of rupees. Pensioners will also get benefits in the same proportion.

When can the official announcement be made?

Usually, the central government announces DA increase after the cabinet meeting. It is believed that a decision on this can be taken in the initial months of the new year. There is a possibility that the increased DA will come into the accounts of the employees along with the arrears.

increased enthusiasm among employees

There is an atmosphere of excitement among central employees and pensioners due to the possibility of DA increase. The increased dearness allowance will not only increase their income but will also prove helpful in dealing with rising inflation.

If the estimates prove to be correct and DA reaches 61 to 63 percent, then there may be a big jump in the salaries of central employees in the new year. Now all eyes are fixed on the official announcement of the government.