look news india
HR Breaking News (Bureau). Central employees waiting for the increase in Dearness Allowance (DA) may get some good news next month. The Narendra Modi government at the Center can give the gift of increase in DA to these employees. It is expected that the government may increase dearness allowance by 4 percent (4% DA Hike) in March. If the government takes this decision, then the dearness allowance received by the central employees will increase by 50 percent and there will be a huge jump in their salary.
Government can give a big gift to the employees before Holi-
It is noteworthy that the dearness allowance given to central employees is revised twice a year. Under this, the government makes the first amendment in the month of January and the second in the month of July. The revision of the first half is mostly made public in the month of March and this time also it is expected that the central government can take a big decision next month and give the gift of Holi (Holi 2024) to the employees. This decision of the government will greatly benefit both central employees and pensioners. Let us tell you that dearness allowance (DA) is given to government employees, while dearness relief (DR) is given to pensioners.
DA was increased in October last year
Earlier last year, in the month of October 2023, the Central Government had given a gift to the central employees by increasing their DA by 4 percent and with this increase, their dearness allowance had increased from 42 percent to 46 percent. Now this time too, according to the inflation rate, it is being estimated that the government may again increase DA by 4 percent. When it is announced in March, employees and pensioners will get its benefits from January 1, 2024. However, no official comment has been made by the government yet in this regard.
CPI-IW has crossed 392 for 12 months
The government takes the decision to increase DA-DR on the basis of All India CPI-IW data. According to reports, the 12-month average of CPI-IW for industrial workers has been 392.83 and accordingly DA comes to 50.26 percent of the basic pay. According to reports, this time too there may be an increase of 4 percent in DA and dearness allowance and dearness relief tax will be 50 percent.
How much will the salaries of employees increase?
If we look at the calculation of salary hike of central employees after the DA hike, if a central employee gets a basic salary of Rs 18,000, then the dearness allowance of the employee is currently Rs 8,280 at the rate of 46 percent, whereas after the hike. If we calculate it on the basis of 4 percent and 50 percent, it will increase to Rs 9,000.
That means his salary will directly increase by Rs 720. If we calculate it on the basis of maximum basic pay, then an employee getting Rs 56,900 gets DA of Rs 26,174 at the rate of 46 percent, which is Rs 50. If the percentage increases, this figure will become Rs 28,450. That means the salary will increase by Rs 2,276.