DA Hike: The Central Government has given a big gift to crores of government employees during Navratri. Modi government has announced to increase the dearness allowance (DA) by 4% for central employees.
DA 4% Hike: The Central Government has given a big gift to crores of government employees during Navratri. Modi government has announced to increase dearness allowance (DA) by 4% for central employees. After this increase, the new DA rate of central employees has become 46%. This will be effective from July 1st. Let us tell you that in the first half, central employees were getting DA at the rate of 42%. More than 1 crore central employees will benefit from the new decision of the government. More than 60 lakh pensioners are also included in this.
How much will the salary increase?
If the basic salary of an employee is Rs 18,000, then currently he would be getting a monthly allowance of Rs 7,560 on the basis of 42% DA. With an increase of 4%, the new rate of DA will become 46%. In such a situation, the employee’s monthly allowance will increase to Rs 8,280. There will be an increase of Rs 720 in the allowance on monthly basis.
Arrears will also be available
The government’s new approval on DA will be effective from July 1. In such a situation, allowance for July, August, September and October i.e. a total of 4 months will be added to the upcoming salary of the employees. In this way, an allowance of Rs 2,880 will come in the October salary of a central employee with a basic pay of Rs 18,000.
On basic salary of Rs 56,900
The current DA at 42% for employees with a basic salary of Rs 56,900 adds Rs 23,898 to their monthly earnings. After the 46% increase in DA, this monthly allowance will increase to Rs 26,174. Employees with this high basic salary will also get 4 months allowance. Such an employee will get a total allowance of Rs 9,104 for 4 months in the October salary.