In this, dearness allowance (DA) of central employees can be approved. It is believed that the allowance of central employees can be increased by four percent. At present, central employees get 38 per cent DA, which can be increased to 42 per cent. This will benefit more than one crore central employees and pensioners. The increased allowance will be applicable from January 1, 2023.

That is, he will get two months’ arrears of DA in the salary of March. The government hikes the DA of its employees twice a year. Dearness Allowance for employees and pensioners is calculated on the basis of the Consumer Price Index for Industrial Workers (CPI-IW) released by the Labor Bureau every month. The Labor Bureau is a part of the Ministry of Labour.

Earlier, DA was increased by four percent from July 1, after which it increased to 38 percent. According to Shiv Gopal Mishra, general secretary of the All India Railwaymen’s Federation, the CPI-IW for December 2022 was released on January 31, 2023. Accordingly, the increase in dearness allowance works out to 4.23 per cent.

How much will the salary increase

now, if the basic salary of an employee is Rs 1,8000, then according to 38 percent, he gets Rs 6,840 DA. If the DA becomes 42 per cent, the employee will get Rs 7,560 as dearness allowance. That means he will get Rs 720 more. That is, according to the year, there will be a benefit of Rs 8,640. Similarly, if the basic salary of a government employee is Rs 56,000, then dearness allowance at the rate of 38 per cent is Rs 21,280. After a four per cent increase, it will become Rs 23,520. There will be an annual benefit of Rs 26,880.

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Reports indicate that after the 4 per cent hike in Dearness Allowance and Dearness Relief in September, the government may further hike DA and DR by 3-5 per cent in March 2023. According to reports, lakhs of central government employees are also waiting for DA arrears of 18 months.

Let us tell you, the government increased DA and DR by 4 percent in September, which benefited 48 lakh central government employees and 68 lakh pensioners in the country before Diwali and festive season. After the hike, the DA or DR became 38 per cent of the basic pay or pension, respectively, with effect from July 1, 2022. Earlier, DA was revised in March.

The DA hike has increased the inflationary component of the salary of central government employees. For example, if one’s salary is Rs.50,000 per month and Rs.15,000 as basic pay. Till now you get Rs 5,100, which is 34% of the basic pay. However, now after the 4% hike, you will get Rs 5,700 per month, which is Rs 600 more. So, if you have a salary of Rs 50,000 in a month with Rs 15,000 as basic pay, your salary will increase by Rs 600 per month.

The DA and DR hike is decided on the basis of percentage increase in 12 monthly average of All India Consumer Price Index (AICPI) for the period ending June 2022 . Though the central government revises the allowances every year on January 1 and July 1, the decision is generally announced in March and September.

In March, the Union Cabinet approved a 3 per cent increase in DA under the 7th Pay Commission, thus taking DA to 34 per cent of basic income. In 2006, the central government revised the formula for calculating DA and DR for central government employees and pensioners.

Dearness Allowance Percentage = ((Average of All India Consumer Price Index numbers for last 12 months (Base year 2001=100) -115.76)/115.76)x100.

For Central Public Sector Employees: Dearness Allowance Percentage = ((Average of All India Consumer Price Index numbers for last 3 months (Base year 2001=100) -126.33)/126.33)x100.

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Let us tell you that the dearness allowance of government employees is increased twice every year, the first in January and the second in July. The dearness allowance of July has been extended to September 2022. Now the next i.e. January DA hike is expected to happen in March 2023. Although it will be implemented from January.

DR of pensioners will also increase along with DA

This dearness allowance, which will be applicable from January 1, will be given to the employees along with the arrears in March. According to media reports, the government will also increase the DR of pensioners along with this. Apart from this, in some media reports, it is being said that DA arrears of 18 months will be received. But the government has categorically denied this.

DA is increased in January and July

Let us tell you that DA and DR are increased twice a year in January and July. Last time in September, 48 lakh employees and 68 lakh pensioners got its benefit. At present, the dearness allowance of central employees is 38 percent. Now it is expected to be 42 percent with an increase of 4 percent in January. In March last year, the government had increased DA by 3 percent.

The way for 4 percent DA hike is clear due to continuous increase in Aicpi Index. In October 2022, it has increased to 132.5 percent. There will be an increase in DA in March on the basis of Aicpi Index figures of November and December.

The post Dearness Allowance Increased: Good news for millions of employees! DA is expected to increase by this percentage in the new year first appeared on Rightsofemployees.com.

Let us tell you that the dearness allowance of government employees is increased twice every year, the first of which is increased in January and the second in July. The dearness allowance of July has been extended to September 2022. Now the next i.e. January DA hike is expected to happen in March 2023. Although it will be implemented from January.

DR of pensioners will also increase along with DA.

This dearness allowance, which will be applicable from January 1, will be given to the employees with arrears in March. According to media reports, the government will also increase the DR of pensioners along with this. Apart from this, in some media reports, it is being said that DA arrears of 18 months will be received. But the government has categorically denied this.

DA is increased in January and July

Let us tell you that DA and DR are increased twice a year in January and July. Last time in September, 48 lakh employees and 68 lakh pensioners got its benefit. At present, the dearness allowance of central employees is 38 percent. Now it is expected to be 42 percent with an increase of 4 percent in January. In March last year, the government had increased DA by 3 percent.

The way for 4 percent DA hike is clear due to the continuous increase in Aicpi Index. In October 2022, it has increased to 132.5 percent. There will be an increase in DA in March on the basis of Aicpi Index figures of November and December.

The post DA Increased in January 2023: Central employees will get good news on this day in the new year, huge amount will come in their account! first appeared on Rightsofemployees.com.