DA Hike Update: Know whether this time it will increase by 3% to 53% or the government will make it 0

DA Hike Update: Central government employees DA hike News: The dearness allowance of central government employees is set to increase by 3 percent. Based on the data of AICPI index from January to June, this time the dearness allowance has increased by 3 percent.

DA Hike Update: Central government employees DA hike News: The wait of central employees is going to end soon. The announcement of dearness allowance (DA Hike) to be implemented from July 2024 can be made soon. There will be a jump of 3 percent in this. However, there is still doubt whether the government will increase it by 3 percent or the dearness allowance will be only 3 percent. Meaning the calculation will start from 0. If sources are to be believed, it can be approved in the Cabinet meeting to be held just before Dussehra.

Gift will be given before Dussehra

The dearness allowance of central government employees is set to increase by 3 percent. Based on the data of AICPI index from January to June, this time the dearness allowance has increased by 3 percent. If sources are to be believed, it is likely to be announced in the cabinet meeting to be held on 9 October 2024. Meaning, employees will get the gift of dearness allowance before Dussehra. But, the question remains how much will be their dearness allowance.

Dearness allowance will increase by 3 percent

Under the 7th Pay Commission, the dearness allowance of central employees will increase by 3 percent. There was a discussion that when the dearness allowance crosses 50 percent, it will be made zero. After this, the calculation will start from 0 from July 2024. However, there is no concrete evidence of this. There is no reaction from the government on this. If experts are to be believed, the dearness allowance of the employees will increase by 3 percent to 53 percent only. The calculation will continue.

How much money will increase in salary?

The increase in dearness allowance will give a slight jump in the salary of central employees. For example, those whose basic salary is ₹ 18,000, their dearness allowance will increase by ₹ 540. Whereas, those whose basic salary is ₹56,900 will get around ₹1,707 as additional dearness allowance.

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How much did dearness allowance increase in which month?

On what basis is DA increased?

The rates of dearness allowance are based on the Consumer Price Index (CPI-IW). With the increase in inflation, the allowance of the employees also increases, its payment is necessary to maintain their spending capacity. The announcement of dearness allowance for central employees is to be made in September. But, it will be implemented only from July 1, 2024. The months of July and August will be paid as arrears.

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