1 March 2023 is an important day for Central employee of the central government. Are you also anticipating DA Hike? Then, tomorrow, lakhs of central employees are set to receive a huge present. The dearness allowance for employees will be issued. The higher DA (Dearness allowance) will be also declared. It will be a massive rise in the salaries of employees during March month. We can assure you that there will be a significant increase in salaries.
The cabinet’s meeting is scheduled to be held in the morning
The meeting of the cabinet is scheduled to be held on the 1st day of March. The approval of the dearness allowance is expected during this meeting. According to reports in the media, the allowance for the dearness of employees could be increased by as much as 4 percent. In the event that 4 percent DA was approved in the month of March, workers will be entitled to DA at a level of 42 percent. At the moment, employees are entitled to DA at a rate of 38 percent.
In what proportion will the salary rise?
Dearness Allowance (Mehngai Bhatta) is to be increased after approval from members of the Cabinet. Once this is done it will be possible to receive an enormous salary credit on the accounts of employees. Additionally, employees will receive cash in arrears for the month of January and Feb. Following this 4 percent DA rise, the pay of employees will rise from Rs 720 per month to the amount of Rs 2276 per month.
The salaries of employees will be increased by Rs 27312.
If the wage of an employee is 18000, his pay will increase by Rs 720 per month. This is, annually, his salary will increase by around Rs 8640. However, when the employee’s base salary is at least Rs 56900 for a month their pay will rise by the amount of Rs 2276 per month. That means the payment will be increased by Rs 27312 annually.
DA also rose by 4 percent during July.
If you find that the DA of employees increased by 4 percent the dearness allowance would reach 42 percent. In July 2022 the government raised the DA of salaried people by four percent. Thousands of central employees as well as pensioners will gain from the increased DA as well as DR.
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