DA Latest Update: The 4 percent increase in DA is in line with the increase in inflation. The government has announced increased DA for central employees from January 1, 2023. Pensioners will also get the benefit of this.
7th Pay Commission Latest Update: A 4 percent increase in DA Hike has been announced by the Modi cabinet on 24 March. After this, there will be an increase in the salary of government employees and the pension of pensioners. The 4 percent increase in DA is in line with the increase in inflation. The government has announced increased DA for central employees from January 1, 2023. Pensioners will also get the benefit of this.
DA is available on the basis of basic salary
With the increase of 4 percent in Dearness Allowance and Dearness Relief Allowance (DA / DR), there will be an increase in the pension amount of 47.58 lakh central employees and 69.76 lakh pensioners. DA is given to the employees on the basis of basic salary, while DR is given on the basis of basic pension. For example, if a government employee gets a take-home salary of Rs 42,000 per month and his basic salary is around Rs 25,500. Out of this, he would be getting Rs 9,690 as dearness allowance.
There will be a benefit of Rs 9600 on pension
Now if DA increases by 4 percent on the same basic pay of Rs.25,500, then it will increase to Rs.10,710. In this case, there will be an increase of Rs 1,020 in take home salary every month. If we talk about annual, then it is 12240 rupees. Similarly, the monthly pension of 69.76 lakh pensioners will also increase. If a pensioner gets a basic pension of Rs 30,000 a month. So he would have got Rs 11,400 as Dearness Relief (DR). Now this amount will increase to Rs 12,600. In this way, there will be an increase of Rs 800 per month in pension.
The DA and DR increased by the government will be applicable from January 1, 2023. Let us tell you that the Central Government announces the increase in DA and DR twice a year. Dearness allowance is given to government employees and dearness relief to pensioners.
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