DA Hike Update12% Increase in Salaries for Central Government Employees

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The central government has offered cheerful news for its employees by announcing an increase of 12% of Dearness Allowance (DA). This hike will assist to reduce cost and enhance the monthly salary that is given to the employees. Below, I will provide you with all the information you might be interested in concerning this update.

Benefits of the DA Hike

The increase in DA will be of great advantage to central government employees and the workers under an autonomous body such as the Department of Public Enterprises. Its role is to try to ensure funding whenever inflation is on the rise.

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For the employees under the 6th Pay Commission it has a revision on the DA rising from 239% to 246%. For instance, an employee with a basic wage of ₹ 43,000 was earlier paid ₹ 1,02,770 as DA. After the hike, they will receive ₹1,05,780 adding ₹3,000 their monthly income after the hike.

Likewise in the case of 5th Pay Commission, the DA has gone up from 443% to 455%. Those receiving ₹50,000 as basic pay earlier got ₹2,21,500 as DA. At the new rate, it becomes ₹2,27,500 which means the difference of ₹6,000 will be incurred.

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DA Rates Under the 7th Pay Commission

Now under 7th Pay Commission the DA rate has been raised from 50% to 53%. This update will come into force from the 1 st of July 2024. For basic pay between ₹10,000 and ₹30,000, DA increased from ₹1/3 of basic pay to 1/3 of (basic pay + ₹1,500). For those with a basic salary of ₹50000, DA will increase from ₹ 25000 to ₹ 26500 meaning an addition of ₹ 1500 to the salary.

Why DA Is Important

Dearness Allowance is essential to enable the employees and pensioners to afford rising costs of living. Every seven months it is adjusted to reflect the current inflation rates; it is adjusted in both January and July. This recent hike will favor employees cutting across the urban, semi-urban and the rural areas to help maintain their standard living.

I believe that this DA hike is a positive move in as far as a measure of providing some financial assistance to the central government employees and pensioners is concerned.

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