A total of 8% DA has been increased in 2023 including January and July and now the next DA will be revised in the year 2024, which will depend on the AICPI index data for July to December 2023.
Central Employee DA Hike 2024: Central employees and pensioners can once again get a big gift in the new year. Before the Lok Sabha elections, Modi government can once again increase the DA of central employees. At present, central employees are getting the benefit of 46 percent DA from July and it is expected that DA may reach 50 percent in 2024. This estimate has been made from the AICPI index data released by the Labor Ministry from July to October, although the figures for November and December are yet to come, which will make it clear how much DA will increase in 2024.
DA may increase by 5 percent in 2024
The DA of central employees-pensioners is increased by the Central Government twice a year in January and July, the rate of which depends on the half yearly data of AICPI index. In 2023, a total of 8% DA has been increased including January and July and now the next DA will be revised in the year 2024, which will depend on the AICPI index data from July to December 2023. According to the AICPI index data till October, the DA Then there may be an increase of 4%. It can be announced in the month of February-March, because the dates of Lok Sabha elections are expected to be announced between April and May next year, during which the code of conduct will also come into force. After that, the central government will not be able to increase the DA, in such a situation it is believed that the Modi government can take a decision on DA during the budget session itself to woo the central employees.
DA may increase from 46% to 50% in the new year
At present, central employees and pensioners are getting the benefit of 46 percent dearness allowance. If DA increases by 4 percent more, it will become 50 percent, its benefit will be available to more than 48 lakh central employees and 68 lakh pensioners and an increase of up to Rs 10,000 will be seen in the salary. However, with the formation of the 7th Pay Commission, the Central Government had decided the rules for revision of DA that when DA reaches 50%, it will become zero, 50% DA will be given by adding it to the existing basic salary and the calculation of DA will start from zero. However, the final decision will be taken by the Central Government as to how much DA will increase in 2024 or will a new formula be introduced to increase the salary?
This is how dearness allowance is decided
DA for Central Government employees is calculated on the basis – {Average All India Consumer Price Index of last 12 months (Base Year-2001=100-115.76/115.76}X100. For Central Public Sector employees, the formula is as follows – {Average of 3 months All India Consumer Price Index (Base Year-2001=100-126.33/126.33}X100.
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