DA Hike 5%: New update! Central government employees to get 5% DA hike in new year, know update

DA Hike 5%: Especially on the front of dearness allowance, strong good news is waiting. From July 1, 2023, employees are getting 46 percent dearness allowance. Dearness allowance is to be revised again in January 2024.

The coming few months can be great for central employees. After getting the gift of dearness allowance in October, now the most awaited date will be for the next DA Hike. Because, this will change a lot. The coming new year may prove to be even better for them. Especially on the front of dearness allowance, strong good news is waiting. From July 1, 2023, employees are getting 46 percent dearness allowance. Dearness allowance is to be revised again in January 2024. The numbers to calculate this have also started coming in. It is believed that the next increase in dearness allowance could be quite big.

Dearness allowance may increase by 5%

There could be the biggest ever increase of 5 percent in dearness allowance. The DA score determined by AICPI Index is indicating something similar. Experts believe that according to the current trend, dearness allowance can reach 51 percent. If this happens, there will be a big jump of 5 percent. Dearness allowance is calculated from the AICPI index. Inflation data collected from different sectors in the index shows how much the employees’ allowance should increase in comparison to inflation.

What is the current situation?

If we look at the current situation, the AICPI index numbers for July, August and September have been released. Currently the index is at 137.5 points, while the dearness allowance score has reached 48.54 percent. It is estimated that this figure will exceed 49 percent in October. Even after this, the figures for November and December are yet to come. Only after the December 2023 AICPI index numbers come, it will be final how much the total increase in dearness allowance will be.

There will be a huge jump in dearness allowance

Under the 7th Pay Commission, AICPI numbers from July to December 2023 will decide the dearness allowance for central employees. Dearness allowance has reached about 48.50 percent. The numbers for 3 months are yet to come. Experts believe that another jump of 2.50 percent may be seen in it. However, this will completely depend on the calculation of the index. Dearness Allowance Calculator (DA calculator) There are indications that dearness allowance will reach 51 percent in the remaining months.

You will get an idea if you look at the table given below.