At present the employees are getting the benefit of 42% DA, if there is another 3% increase then the DA will increase to 45%. If the new rates will be applicable from July, then arrears will also be available. This will benefit 47.58 lakh employees and about 69.76 lakh pensioners.
Salary Hike 2023: Central employees and pensioners can once again get a big gift. It is reported that after Rakshabandhan, dearness allowance and dearness relief of employees pensioners can be increased by 3%, after which the total DA of central employees will be 45%. The new rates will be effective from July 1, 2023, although no official announcement has been made yet, it has been estimated from the half-yearly figures of the AICPI index.
DA increases twice a year
Actually, the DA and DR rates of central employees and pensioners are revised twice a year by the central government. The first hike is done in January and the second in July. Rates from January to June have been released and now July to December is to be released. This time also the increase in dearness allowance and dearness relief will be done according to the formula of the Seventh Pay Commission. The rates of DA are decided by the data of AICPI index released by the Labor Department. However, the final decision rests with the Central Government. It is reported that after the figures so far, DA may increase by 3 percent.
3 percent increase in DA possible
According to media reports, the central employees may soon get the benefit of 45% dearness allowance. At present the employees are getting the benefit of 42% DA, if there is another 3% increase then DA will increase to 45%. If the new rates will be applicable from July, then arrears will also be available. This will benefit 47.58 lakh employees and about 69.76 lakh pensioners. It is reported that in September, the Department of Expenditure may prepare a proposal and place it in the cabinet meeting chaired by PM Modi for final approval and after approval from here, orders will be issued by the Finance Ministry. Earlier in March, DA was increased by 4 percent. After which DA was increased from 38% to 42%.
How much will the salary increase at 45% DA/DR?
- If the basic salary of an employee is Rs 18,000, then according to 45% DA, the salary will increase by about Rs 10,000. Explain that the calculation of dearness allowance is done on the basis of multiplying the current rate of DA and basic salary, the amount of dearness allowance is calculated.
- For example, if the basic salary of a government employee is Rs 18000, then on this he gets 42% ie Rs 7560 DA and when it is 46%, it will be Rs 8280 per month, according to this the salary will increase by Rs 720 every month. .
- If someone’s salary is Rs 56,900, then he will get Rs 2,276 every month and Rs 27,312 annually. If someone gets a basic pension of Rs 30,000 a month, then he gets Rs 44,400 as dearness relief.
- After 4% DR hike, this money will increase to Rs 42,600, which means pension will increase by Rs 800 every month.
Possible increase in house rent allowance
According to media reports, apart from the dearness allowance, the central government may also increase the HRA. The last HRA was increased by 25 per cent in July 2021. This time it is possible to increase by 3%. Since the HRA of the government employee is increased on the basis of the city, it is kept in X, Y, and Z category. At present Z category employee gets 9% HRA, Y 18% and X 27% HRA on their basic salary. It is believed that 3% in X category cities and only 2% in Y category cities and 1 in Z category HRA can be increased up to %.
