If the DA is hiked to 42%, the new DA will be Rs 23,329 per month. If the minimum basic salary is Rs 56,900 per month, the current DA is Rs 21,622 per month. This means the salary will increase by Rs 900 per month (Rs 7,380 minus Rs 6,840), and the annual salary hike will be Rs 10,800 (Rs 900 times 12). If the DA is hiked to 42%, the new DA will be Rs 7,380 per month. If the minimum basic salary is Rs 18,000 per month, the current DA is Rs 6,840 per month. So, how much salary increase can the central government employees expect if the DA is hiked to 42%? Let’s take the examples of two scenarios:
How Much Salary Will Increase as per 7th Pay Commission? The final decision on the DA hike will be taken by the Cabinet based on the recommendations of the Empowered Committee of Secretaries. The AICPI for December 2022 was 132.3.Īccording to media reports, if the AICPI for January 2023 increases by one point or more, the DA will increase by 4% from the current level of 38% to 42%. The AICPI is released by the Labor Ministry on the final working day of each month. The DA hike is linked to the All India Consumer Price Index (AICPI), which measures the changes in the retail prices of essential goods and services consumed by households. The DA hike is expected to compensate for the inflationary impact on the cost of living, and boost the morale and purchasing power of the employees. What is the latest update on New Dearness Allowance to Central Govt Employees 2023?Īs per media reports, the government may announce a Dearness Allowance (DA) hike for employees during the upcoming festival season. This rate was revised from 28% in June 2021 due to the impact of the COVID-19 pandemic on the economy. The current rate of DA is 38% of the basic salary for Central Government employees as of January 2022. The DA is revised twice a year, in January and July, based on the consumer price index (CPI) for industrial workers. It is a component of the salary structure and is paid as a percentage of the employee’s basic salary. DA to Central Govt Employees DA to Central Govt Employees Name of the DAĬentral DA Details What is Dearness Allowance?ĭearness Allowance (DA) is an allowance paid by the Central Government to its employees to help them offset the impact of inflation on their salaries.
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