7th Pay Commission Update: Central government employees likely to get DA hike in July. If DA is increased by another 4 percent, then the dearness allowance of the employees will be 46 percent.
7th Pay Commission Update: There is very good news for the Central Government employees. He is expected to get the benefit of the increase in dearness allowance from the government in July. According to media reports, there is good news for the central government employees that the dearness allowance (DA) may be increased from the next month, July 2023.
This will have a direct impact on his salary and there may be an increase in his salary. The DA hike is likely to be 3-4 per cent to compensate central government employees and pensioners due to rising inflation and cost of goods.
Dearness allowance is extended twice a year in January and July. The last hike was announced in March 2023, which became effective from January 1, 2023. In the hike, DA was increased by 4 per cent to 42 per cent.
Official announcement has not been made yet
Central employees are being given 42 percent dearness allowance. According to new reports, a 4 percent increase in dearness allowance can be announced by the central government from July 1, after which the DA will increase to 46 percent. However, so far no announcement has been made by the government regarding the DA hike. Let us tell you that this will be the first time that the government will increase the DA in the current financial year.
DA and DR may increase by 4 percent
Dearness allowance is given to government employees, while dearness relief is given to pensioners. According to official figures, there are 47.58 lakh central government employees and 69.76 lakh pensioners who will benefit from the upcoming DA hike. According to AICPI, there can be an increase of 3 to 4 percent in the salary of the employees. However, it will also depend on the figures of May-June, which if good, can increase 4 percent dearness allowance and dearness relief.
Understand salary calculation like this
If an employee gets a salary of Rs 20,000 per month, then according to 42% DA, it becomes Rs 8,400. At the same time, DA will be Rs 9,200 according to 46 percent. In this way, there will be an increase of Rs 720 in salary every month and Rs 99,360 annually.
