It is reported that currently employees are getting the benefit of 46% DA. If there is another 4% increase from January 2024, it will reach 50%. The new DA will be extended from January 2024, so arrears from January to March will also be available.
Central Employee DA Hike 2024: The month of March can be full of gifts for 48 lakh central employees and 68 lakh pensioners. There is news that the Central Government may announce new rates of Dearness Allowance in March. There is a possibility that from April, employees and pensioners may get the benefit of 50 percent D. This estimate has been made from the data of half yearly AICPI index released by the Labor Ministry. Apart from this, the house rent allowance is also expected to increase.
4% increase in DA possible in March, salary will increase in the account from April!
Actually, the Central Government revises the rates of DA of central employees and DR of pensioners twice a year in January and July. The next DA is to be extended from January 1, 2024. According to the AICPI index data from July to December 2023, the DA score has reached 50.28%, in such a situation, a 4% increase is considered certain, because DA is payable in integer and the increase in decimal is removed, thus 50% DA will be payable from the month of January.
Proposal may come in cabinet before Lok Sabha elections
At present the employees are getting the benefit of 46% DA. If there is another 4% increase from January 2024, it will reach 50%. The new DA will be extended from January 2024, so arrears from January to March will also be available. There is a possibility that the Union Cabinet may also approve the DA increase proposal in March, after which the salary is expected to increase in the account from April. It is believed that the new rates can be announced any time in March, before the dates of Lok Sabha elections and the code of conduct coming into effect.
Salary-pension of 1 crore employees-pensioners will increase
If DA is increased to 50%, 48 lakh employees and 68 lakh pensioners will get its benefit and there will be a big jump in pension along with salary. Suppose your basic salary is Rs 18 thousand and DA is 46 percent, then your DA formula will be (46 x 18000) / 100. Similarly, dearness relief for pensioners is also calculated. If the minimum basic salary of an employee according to his pay band is Rs 18000, then there is a possibility of giving 50% extra Rs 9000 in his salary.
Increase in TA-HRA allowance also possible
There is news that with the increase of DA, the Modi government at the Center can also increase the House Rent Allowance by 3%, after this the HRA will increase from 27% to 30%, since according to the memorandum of the Finance Department, the DA will be increased by 50%. If the percentage is crossed, HRA will be 30%, 20% and 10%. Currently in higher TPTA cities, travel allowance for Grade 1 to 2 is Rs 1800 and Rs 1900, Grade 3 to 8 gets Rs 3600 + DA, whereas, in other For places this rate is Rs 1800 + DA, hence as DA increases, TA also increases. However, official confirmation is yet to be done.
