DA Hike Latest Update: Good news for the employees. In fact, according to a latest update, it is being said that soon 1 lakh 20 thousand rupees will come in the account of the employees. Read the news till the end to know all the information related to this update.
There is good news for central employees. He is going to get the gift of increased dearness allowance in the salary of April. In the month of April, the government will pay the increased salary along with the dearness allowance (DA) of the central government employees.
More than 1 crore central employees and pensioners will get its direct benefit. Dearness allowance is to be paid from January 2023. Dearness Allowance (DA Hike) has been increased by 4 percent.
DA increased to 42%
According to the Labor Ministry, in December 2022, the figure of All India Consumer Price Index for Industrial Workers (AI CPI-IW) had reached 132.3. Due to this, the DA of the employees increased by 4 percent. On March 24, the cabinet increased the dearness allowance from 38 percent to 42 percent. Now the employees will be paid this along with the salary for April. At the same time, they will also get arrears of 3 months.
How to get 1 lakh 20 thousand rupees?
Suppose the basic salary of a central employee is Rs 30,000 per month, then this will increase his salary by Rs 1,200 per month. On annual basis, there will be an increase of Rs 14,400 directly in the gross salary. The salary of the officers of the Cabinet Secretary has been increased by Rs 10,000 per month. The basic salary of cabinet secretary is Rs 2.5 lakh per month. In this way, his salary has increased by Rs 1 lakh 20 thousand annually.
What is Dearness Allowance?
Dearness allowance is such money, which is given to government employees to improve their cost of living. This money is given so that even after the increase in inflation, there is no difference in the standard of living of the employee. This money is given to government employees, public sector employees and pensioners.
Changes happen every 6 months-
Dearness allowance is given to improve the standard of living and food of the employees. This allowance is given to government employees, pensioners and public sector employees. Dearness allowance is given so that even after the increase in inflation, the employees do not have any problem in living their lives. Usually, Dearness Allowance is revised every 6 months, in January and July.
It varies DA-
Dearness allowance is given on the basis of salary of the employees. Dearness allowance is different for government employees working in urban, semi-urban and rural areas. Dearness allowance is calculated on the basic salary. A formula has been fixed for the calculation of dearness allowance, which is determined by the consumer price index (CPI).
This formula is used-
Percentage of Dearness Allowance = Average of CPI of last 12 months-115.76. Now whatever comes will be divided by 115.76. The number that comes will be multiplied by 100.
