DA Hike latest news today: Not only has the dearness allowance of central employees increased, but now their salary is going to increase directly. As soon as dearness allowance is approved, there will be a huge jump in their salary. In one stroke, the salary of the employees will increase by Rs 9000.
DA Hike: This year has brought tremendous gifts for central employees. They will be paid 50 percent dearness allowance from January. This has been decided from the AICPI index. But, there is still time for its announcement by the Central Government. Meanwhile, there is another good news. Not only has the dearness allowance of central employees increased, but now their salary is going to increase directly. As soon as dearness allowance is approved, there will be a huge jump in their salary. In one stroke, the salary of the employees will increase by Rs 9000. Actually, this is going to happen because of a rule of the Central Government. This rule was made in the year 2016. Now we wait for March. Because, DA Hike is expected to be approved by the Union Cabinet in March itself. But, does this indicate the formation of the 8th Pay Commission?
What is the rule to increase the salary of employees?
Dearness allowance of central employees is increased every six months. At present, central employees are getting dearness allowance at the rate of 46 percent. From January 2024, dearness allowance will increase to 50 percent. After this, as per the rules, this will be made void. Why? Now the rules made by the Central Government apply here. In the year 2016, the government had made a rule that as soon as dearness allowance reaches 50 percent, it will be reduced to zero.
How will the basic salary increase?
How will there be tremendous increase in basic salary? For this, let’s go in a little flashback. When the government implemented the 7th Pay Commission in 2016, the dearness allowance was reduced to zero. The new base year for calculation was fixed. Due to zero dearness allowance, the employees benefited that the previous dearness allowance was added to their basic salary. Now something similar is going to happen once again. There is a plan to increase salary by merging dearness allowance once again in basic salary. Meaning whether the time has come for the formation of the 8th Pay Commission.
Zero (0) will be dearness allowance
Now the question comes, why this will happen? In fact, in the Memoradam of 2016, it has been told that as soon as dearness allowance (DA) is 50 percent i.e. 50% of the basic salary, it will be reduced to zero. Meaning, the dearness allowance which will start back from 1 percent, 2 percent after zero. This will happen because, 50 percent of the dearness allowance (DA Hike) will be merged into the basic salary. With this, employees will not have to wait long for their salary revision. Earlier, dearness allowance used to get out of 100 percent. This was the formula in the sixth salary.
Salary of central employees will increase by 9000 rupees
Currently, there is a basic salary of Rs 18000 on pay-bad level-1. This is the most new basic. If we look at its calculations, then in total, you get 7560 rupees as dearness allowance. But, if we look at this calculation on 50 percent dearness allowance, you will get 9000 rupees. Now comes here. As soon as 50 percent DA is there, it will be added to the basic salary. That means salary of Rs 18000 will increase by Rs 9000 to Rs 27000. After this, dearness allowance will be calculated at Rs 27000. If 3 percent DA increases after 0, then 810 rupees a month will increase in their salary.
When will central employees get gift
Currently, dearness allowance of Central Employees (Central Government Employees) is 42 percent. Now the next revision is to be held in July 2023, which may increase by 4 percent. Meaning after July, dearness allowance will increase at the rate of 46 percent. In such a situation, the revision of dearness allowance of January 2024 will have to be monitored. If it increases 4 percent then the dearness allowance will reach 50 percent. If it increases by 3 percent, then it will be 49 percent. In case of 50%, dearness allowance will be zero from January 2024. Meaning, dearness allowance will be calculated on the basic salary increased from July 2024. If it is 49 percent, then you will have to wait till July 2024.
Why is the dearness allowance done zero?
Whenever a new pay scale is applied, the DA received by the employees is added to the basic salary. Experts say that the rules should be added to the 100 percent DA received to the employees, but this cannot happen. Financial situation comes in the way. However, this was done in the year 2016. Before that, when the sixth pay scale came in the year 2006, at that time, 187 percent DA was being received in the fifth pay scale till December. The entire DA was merged into the original salary. Hence the coefficient of the sixth pay scale was 1.87. Then a new salary band and new grade salary were also created. However, it took 3 years to give it.
