Saturday , November 23 2024

Central employees will get gifts before Holi, know how much the salary will increase

The government can give a big gift to lakhs of central employees of the country before Holi. The central government is going to increase the dearness allowance of central employees before Holi. This increase could be 4 percent. After this increase, dearness allowance and dearness relief may increase by more than 50 percent. Dearness allowance for central government industrial workers is determined on the basis of CPI data. CPI data is currently at the 12-month average of 392.83. Based on this, DA will be 50.26 percent of the basic salary. The Labor Bureau division of the Labor Ministry publishes CPI-IW data every month.

The last increase was in October 2023

DA is for employees and DR is for pensioners. Every year DA, DR increases twice in January and July. The last increase was made in October 2023. At that time DA was increased by 4 percent to 46 percent. Based on the current inflation data, there is a possibility of an increase of 4 percent in the new DA. If an increase in DA is announced in the month of March, then it will be implemented from January. For this, employees and pensioners will also get the outstanding allowance of the last month.

How much will the salary increase?

If there is an increase of 4 percent in dearness allowance and dearness relief, then let us try to understand how much will be the increase in the salaries of employees and pensioners. If the basic salary of a central employee is Rs 53,500 per month, then the current dearness allowance on the basis of 46 percent will be Rs 24,610. If DA reaches 50 percent, this amount will increase to Rs 26750. This means that the employee's salary will increase by Rs 26,750- 24,610 = Rs 2,140 per month. Central government pensioners get a basic pension of Rs 41100 per month. At 46 percent DR a pensioner gets Rs 18906. If his DR increases by 50 percent, he will get Rs 20,550 per month as dearness relief. In such a situation, if there is an increase of 4 percent in DA soon, then his pension will increase by Rs 1644 per month.