DA Hike news today: Employees get the gift of Dearness Allowance twice every year. Dearness allowance is to be announced for the first time in this year. It is expected that there will be an increase of 3% in his DA. In such a situation, his total DA will reach 41%.
DA Hike news today: The biggest good news of this year for central employees is now a few days away. The morning of January 31 will be special for him. Because, on this day the picture of the increase in their next DA Hike for January will be clear. Employees get the gift of Dearness Allowance twice every year. Dearness allowance is to be announced for the first time in this year. It is expected that there will be an increase of 3% in his DA. In such a situation, his total DA will reach 41%. Right now he is getting 38% DA. As soon as the dearness allowance is announced, there will be a big jump in the salary of central government employees.
Dearness Allowance (DA) will be increased by 41%
Dearness allowance news for January 2023 will be announced in January. It is expected to get approval from the cabinet in March. It is clear from the inflation figures of industrial workers that have come so far that there will be an increase of 3%. Earlier, the dearness allowance of July 2022 was announced, in which there was an increase of 4 percent. Due to rising inflation, the employees also got the gift of higher dearness allowance to deal with it. His DA was increased from 34 per cent to 38 per cent.
How much will the salary increase due to 3 percent increase?
According to the pay matrix of the 7th Pay Commission, the basic salary range of Central employees at Level-3 ranges from Rs 18,000 to Rs 56,900. If DA Hike increases by 3% in January, then the total DA will reach 41%.
Calculation at 41% DA
1. Basic salary of the employee Rs 18,000
2. Estimated DA (41%) Rs 7,380/month
3. New DA (38%) Rs 6,840/month
4. By how much DA increased 7380–6,840 = Rs 540/month
5 Increase in annual salary 540X12 = Rs 6,480
This means that the salary of every employee drawing a basic salary of Rs 18,000 will increase by Rs 540. On annual basis it will be Rs.6480.
If you look at the maximum salary bracket, then how much money will increase?
Calculation at 41% DA
1. Basic salary of the employee Rs 56,900
2. Estimated Dearness Allowance (41%) Rs 23,329/month
3. Dearness Allowance till now (38%) Rs 21,622/month
4. How much Dearness Allowance increased 23,329-21,622= Rs 1,707/month
5. Increase in annual salary 1,707X12 = Rs 20,484
The salary of the employees coming in the maximum basic salary bracket of Level-3 will increase by Rs 1707 every month. There will be an increase of Rs 20,484 on an annual basis.
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