DA Hike Latest: The numbers of AICPI index for May and June are yet to come. Like the rest of the four months, it is also expected to accelerate. With a 4 percent increase in DA, the annual dearness allowance of the employees will increase to Rs 1,68,636.
7th Pay Commission DA Hike: Central employees are currently getting dearness allowance at the rate of 42 percent. From July 2023, the new DA will be implemented by the government. However, it is likely to be announced by September-October. After this there will be a significant increase in the salary of the employees. With the figures of AICPI index that have come so far, there is a possibility of increasing DA again by 4 percent this time. If this happens then DA will increase to 46 percent.
Four percent dearness allowance expected to increase
- The numbers of AICPI index for May and June are yet to come. Like the rest of the four months, it is also expected to accelerate. With a 4 percent increase in DA, the annual dearness allowance of the employees will increase to Rs 1,68,636. But, for this you have to understand complete maths.
- Experts estimate that in July 2023, dearness allowance may increase by 4%. That is, it will increase from 42% to 46%. Till now the score of DA has crossed 45 percent.
Those in pay band 5400 will get DA of Rs 14,053.
If the figure of AICPI index for May and June also comes to 134.8, then dearness allowance is sure to increase to 46 percent. Now if you talk about the impact of DA hike on Pay Band 5400, then there is a difference of Rs 14,664 in annual salary. The basic salary of pay band 5400 is Rs 30,550, according to which the annual dearness allowance at 42 percent is Rs 1,53,972. But if it increases by 4 percent, then it will increase to Rs 14,053 every month. Accordingly, the annual dearness allowance is Rs 1,68,636.
That is, employees with a pay band of Rs 5400 will get an annual benefit of Rs 14,664. At present, the employees are getting dearness allowance of Rs 12,831 every month, which is going to increase to Rs 14,053.
