DA and DR of central employees pensioners are expected to reach 50% before Holi. The next DA will be extended from January 2024, which will remain in force till June. AICPI index figures released by the Labor Ministry are indicating a 4 percent increase in DA. This increase will be in line with the latest decision of the Central Government, due to which there will be a huge increase in the salary of employees and pension of pensioners.
Central Employee DA Hike 2024: There is good news for central employees and pensioners. After 12 days, on January 30-31, the December AICPI index data released by the Labor Ministry will be released, after which it will be clear whether there will be a 4 percent or 5 percent increase in DA from January 2024. However, from the data from July to November, 4 percent increase in DA is considered fixed. There is a possibility that after the budget session, the Modi government at the Center may announce new DA rates, although official confirmation is yet to be done.
How much DA will increase will be decided before the budget!
In fact, the Central Government revises the rates of dearness allowance and dearness relief of central employees and pensioners twice a year in January and July, depending on the half yearly data of AICPI index, from July to November 2023. The AICPI index numbers have been released and now the final numbers for December 2023 are to be released at the end of January, after which it will be clear what is the percentage increase in DA from January 2024. 48 lakh employees and 68 lakh pensioners will benefit from this. .
DA may reach 50 or 51 percent after budget
Similarly, other employees will get DA based on their salary. The next DA will be extended from January 2024, in which case arrears will also be available, which will remain applicable till June 2024. It is believed that new rates can be announced before the dates of Lok Sabha elections and the code of conduct coming into effect. However, official confirmation is yet to be done. It is yet to happen.
In this situation dearness allowance becomes zero?
According to media reports, if DA reaches 50% or 51%, then the salary of the employees will be revised because with the formation of the 7th Pay Commission, the Central Government had decided the rules for revision of DA that if DA reaches 50%, it will be zero. In such a situation, 50% DA will be given by adding it to the existing basic salary and the calculation of DA will start from zero or whenever the new pay scale is implemented, the DA received by the employees is added to the basic salary.
Increase in TA-HRA allowance also possible
There is news that with the increase in DA, the Modi government at the Center can also increase the House Rent Allowance by 3%, after this the HRA will increase from 27% to 30%, since according to the memorandum of the Finance Department, DA will be increased by 50%. If the percentage is crossed, HRA will be 30%, 20% and 10%. Currently in higher TPTA cities, travel allowance for Grade 1 to 2 is Rs 1800 and Rs 1900, Grade 3 to 8 gets Rs 3600 + DA, whereas, in other This rate for places is Rs 1800 + DA, hence as DA increases, TA also increases. However, official confirmation is yet to be done.
