The Central Government may provide employees a rise in pay during this holiday season. Employees who have been waiting for a long time for a DA raise will soon receive the DA Hike Update in addition to the arrears from the prior months. The hike in central employees’ DA may be revealed around the end of October, according to media reports.
The cabinet meeting will approve the higher DA
and the employees will then benefit from the greater wage. Data from the AICPI index indicate that the government may again boost the dearness allowance by 4%.
How much did it cost in June?
The index value for June was 136.4 points, per our partner website Zed Business. If we examine the computation using this, the Dearness allowance Score has gotten to 46.24. This implies that DA will increase by 4% overall.
How will the Basic Salary of Rs. 56,900 be calculated?
Basic Salary: 56,900 rupees >> The new DA (46%) is Rs 26,174 per month. DA at present (42%) is Rs 23,898 per month >> The monthly increase in Dearness allowance is Rs 2276. The annual increment will be Rs 27312 in amount.
What would the Basic Salary calculation be?
It is Rs. Rs 18,000 Basic Salary >> The new DA (46%) is Rs. 8280 per month. Current DA (42%), which is Rs. 7560 per month >> The monthly rise in Dearness allowance is Rs. 720. The annual increase will be Rs. 8640.
There will be a 4% increase in DA.
Government salaries will rise by 4% this time around in accordance with the 7th Pay Commission. After this hike, the employees’ Dearness allowance will rise to 46%, and they will start receiving benefits on July 1, 2023. Employees will have to wait a little longer to receive the higher dearness allowance, according to media sources. At the end of October, the government may provide this gift to its workers.
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