Next DA Hike New Update: Good news for employees, Dearness allowance may increase by 5% in January 2024

Next DA Hike New Update: Experts believe that according to the current trend, dearness allowance can reach 51 percent. If this happens, there will be a big jump of 5 percent. Dearness allowance is calculated from AICPI index only.

DA Hike Calculator: Good news is coming for central employees in the festive season. Planning for the coming year has started. Numbers related to this are coming. This indicates that an even better gift is coming for them in the new year. Special good news can be received especially on the dearness allowance front. From July 1, 2023, dearness allowance has been revised to 46 percent. Now the next revision is to be held in January 2024. If we look at the estimated figures, the revision could be the biggest revision till date.

Dearness allowance may increase by 5 percent

The year 2024 is going to be important for the central government employees in many ways. Dearness Allowance (DA) can cross 50 percent. At the same time, if we look at the trend, the dearness allowance (DA) of central employees has increased by 4 percent in the last 4 times. But, in the new year, there could be the biggest ever increase of 5 percent in dearness allowance.

DA score will be decided by AICPI Index

Experts believe that according to the current trend, dearness allowance can reach 51 percent. If this happens, there will be a big jump of 5 percent. Dearness allowance is calculated from AICPI index only. Inflation data collected from different sectors in the index shows how much the employees’ allowance should increase in comparison to inflation.

How much dearness allowance has reached now?

If we look at the current situation, AICPI index numbers for July, August and September have been released. The latest figure of the index is at 137.5 points, due to which dearness allowance has reached 48.54 percent. It is estimated that this figure may cross 49.30 percent in October. After this, the data of October, November and December will decide how much DA will increase in January 2024. However, for this we will have to wait for the December 2023 AICPI index numbers.

Big jump in dearness allowance

Under the 7th Pay Commission, AICPI numbers from July to December 2023 will decide the dearness allowance for central employees. Dearness allowance has reached 48.54 percent. There are still 3 more months of numbers to come. Experts believe that there is a possibility of it increasing further by 2.50 percent. An increase of 5 percent in dearness allowance may be seen in January 2024. The Dearness Allowance calculator (DA calculator) is showing an increase of 1-1 point in the remaining months, hence a jump of 5 percent is seen in the Dearness Allowance.

You will get an idea if you look at the table given below.