DA Hike Latest Update: There is good news for central employees. The three percent dearness allowance has been confirmed for the waiting dearness allowance of the employees. This will be a big boon for the employees. Central employees will see an enhancement of Rs 2187 in their account with the salary in March. A big update on the dearness allowance has come for central employees. The three percent increase in the dearness allowance for central employees is confirmed. The uncertainty among the employees, as to whether the increase will be 2 percent or 3 percent has now been resolved.
A Benefit For 1.15 Crore Employees
Fifteen lakh serving and retired employees will be the direct beneficiaries of the increase in dearness allowance. About 50 lakh government employees and around 65 lakh retired employees are there in the center. This increases the dearness allowance, which is now confirmed to benefit the employees and their family.
How Is Dearness Allowance Decided?
The central employees now get a DA of 53 percent. The calculation of Dearness Allowance is done biyearly by the Central Government, based on the All India Consumer Price Index. The DA amount shall be effective from January 1, 2025, and will be revised based on the data of the All-India Consumer Price Index for the period of July to December 2024. The above confirmation of an increase in dearness allowance is subject to inflation rate data.
The DA Is Going To Be Increased By 3% In This Way.
The current Dearness Allowance for central government employees and pensioners would be 53%. As per current AICPI statistics, the full increase of 3 percent is almost confirmed up to December. The inflation rate was .49 in November, while December showed an increase of 0.44. The inflation rate is at 55.99 percent. It will be considered 56 percent only as once it crosses 0.50 only the upper figure is counted.
The Salary Will Come With The Arrears In The Account.
The government employees and pensioners, working on DA of 53 percent from July 2024, is expected to be paid with salary of March with two months’ arrears once the center gives green signal on the increase of these allowances as per their figures during the next meeting.
The Rise In Salary Would Be Bumper.
Central employees work with basic salary under 7 pay commission. Assuming for an example the basic salary of an employee is Rs 24,300, an employee will get Rs 6226 as their monthly salary whereas Rs 12,879 are current salary contribution based on DA of 53 percent. If DA happens to be 56 percent though, Rs 13608 more will be received as a raise promising Rs 729 in a rise in salary. At the same time, Rs 2187 more will be credited to the accounts of the employees along with arrears of January and February.
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