Fitment Factor Update: This time the Dearness Allowance (DA) may increase by 4 percent. At present, central employees are getting 38 percent dearness allowance, which is expected to increase to 42 percent. Let’s know about it in detail.
About 62 lakh central government employees and 48 lakh pensioners are waiting for dearness allowance and dearness relief to increase. A decision on this is expected to be taken in the Modi cabinet meeting to be held in the first week of March before Holi.
This time the Dearness Allowance (DA) may increase by 4 percent. At present, central employees are getting 38 percent dearness allowance, which is expected to increase to 42 percent. But the employees will get this in the salary for the month of March only.
Dearness Allowance will be applicable from January 2023
The increased DA will be paid to central employees from January 2023. That is, the arrears of January and February will be given. Dearness allowance of government employees and pensioners is increased twice a year.
This necklace is applicable from January and July of the year. The AICPI index has come down to 132.3 points in December. On increasing the dearness allowance by 4 percent from the government, dearness allowance of Rs 7560 will be available on the basic salary of Rs 18000.
9 thousand rupees will increase annually
As of now, according to 38 percent, this dearness allowance becomes Rs.6840. Talking annually, this increase works out to about Rs 9,000. Similarly, if we look at the figure of DA hike on the maximum basic salary of Rs 56,900, then it is Rs 2276 a month (Rs 27,312 a year). At present, the employees get dearness allowance of Rs 21622 per month, which will increase to Rs 23898 per month.
Will also get arrears of two months
Along with getting the DA hike money in March salary, two months arrears will also be given. Accordingly, good money will increase in the account. Apart from this, it is also being claimed in the media reports that the government can also fulfill the old demand of increasing the fitment factor of central employees after Holi. If a decision is taken on the fitment factor, there will be a significant increase in the salary of the employees.
At present, the basic salary of the employees is Rs 18,000. After the change in the fitment factor, it will increase to Rs 26,000. At present, on the basis of fitment factor 2.57 times and basic salary of Rs 18000, excluding other allowances, Rs 18,000 X 2.57 = Rs 46260. But if it is increased to 3.68, then excluding other allowances, the salary of the employees will be 26000 X 3.68 = Rs 95680.
