7th Pay Commission: A big good news is coming out for the central employees. Central employees may get a big increase in Dearness Allowance (DA) in July 2023. Apart from this, Travel Allowance (TA) can also be increased.
7th Pay Commission: A big good news is coming out for the central employees. Central employees may get a big increase in Dearness Allowance (DA) in July 2023. Apart from this, Travel Allowance (TA) can also be increased. Not only this, at the end of the financial year, there is full expectation of appraisal of the employees.
At the same time, the dearness allowance of July will be paid in the salary of October. That’s why they will also get DA Arrears of 3 months. It is clear that after July 2023, there will be a bumper increase in the salary of central employees.
Employees will also get these allowances
Dearness Allowance will not only increase in July for central employees. Rather, other allowances will also be available. This includes Travel Allowance and City Allowance. At the same time, there is a big increase in their retirement benefits like Provident Fund and Gratuity due to increase in dearness allowance. In such a situation, this year is bringing great news for the central employees.
Money will be received by adding arrears of 3 months
The dearness allowance of central government employees will be applicable from July 2023. In the coming days, it will be clear from the numbers of CPI-IW index that how much dearness allowance has to be increased. Inflation figures from January 2023 to June 2023 will decide how much dearness allowance has to be increased.
After this it will be announced in October. But, if applicable from July, the arrears of July, August, September (DA Arrears) should also be given. Due to the payment of arrears, a huge amount will come into the account of the employees.
Dearness Allowance (DA) may increase by 4 percent
The dearness allowance of central employees has been increased from January 2023 in March. There has been an increase of 4 percent in this. At the same time, now the next hike is to be for July. The numbers for 2 months have come for the dearness allowance which is decided by the numbers of AICPI index.
The index has reached around 44 per cent in January and February. Means 2 percent more dearness allowance has increased. But, the numbers are to come by June. It will be known in August that how much the dearness allowance will increase. Experts believe that the next increase can also be of 4 percent. In such a situation, the total DA will increase to 46 percent.
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