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Home Personal Finance 7th Pay Commission: Big update on DA arrears of 18 months, money...

7th Pay Commission: Big update on DA arrears of 18 months, money will come in account in 8 installments

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7th Pay Commission: Big update on DA arrears of 18 months, money will come in account in 8 installments

DA Arrears: This time DA and DR for central employees and pensioners is expected to be announced in March 2023. It will be implemented from January 1.

7th Pay Commission DA Arrears: If there is a government employee in your home or family or you yourself are in a government job, then this news will make you happy. Yes, the government has taken such a decision in the interest of the employees that you will be happy to dance. For a long time, there is a demand for 18 months’ outstanding arrears from the government employees. Now the government has come and approved it. After this approval, this money will come in eight installments in the account of the employees.

DA hike will be announced in March 2023

Let us tell you that this time DA and DR is expected to be announced in March 2023 for about one crore central employees and pensioners. It will be implemented from January 1. Meanwhile, DA and DR are also being announced for employees and pensioners by different state governments. Now an announcement has been made by the Government of Telangana regarding the outstanding DA and DR.

DA increased to 20.2%

The DA and DA of employees and pensioners have been increased by 2.73% by the Government of Telangana. After this increase, the DA of the employees has increased from 17.29% to 20.2%. State Finance Minister Harish Rao told that this increase will be implemented from July 1, 2021. This money will be deposited in the GPF account of the employees in 8 installments.

Who will get benefit

The benefit of the outstanding DA arrears from the government will be given only to the employees who retire on May 31, 2023. Such employees are exempted from making any contribution to General Provident Fund (GPF) in the last 4 months of service. The Finance Minister said that this decision of the government will benefit 4.4 lakh employees and 2.28 lakh pensioners.

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