New DelhiA few moments ago
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The dearness allowance (DA) received by central employees has been increased by 2%. The DA hike in the cabinet meeting held on Friday (March 28) was decided. Earlier in July 2024, the government increased 3%.
Before the implementation of the 8th Pay Commission, dearness allowance will increase from 53% to 55%. About 50 lakh central employees and 65 lakh pensioners will benefit from this. DA grows every 6 months.
This increase will be applicable from 1 January 2025. DA’s announcement delayed, so April will also include an increased DA with an arrear of the last three months (January-March 2025).
DA is given to deal with inflation
Dearness allowance is such a money that is given to maintain the standard of living of government employees despite rising inflation.
This money is received to government employees, public sector employees and pensioners. Its calculation is done every 6 months according to the current inflation of the country.
It is calculated according to the basic salary of the employees on the basis of the related pay scale. Dearness allowance may vary from urban, semi-urban or rural areas.
Increase in dearness allowance lowest in 7 years
Usually the increase in dearness allowance is between 3% to 4%, but this time the increase is only 2%, which is the lowest in the last seven years. At the same time, the government usually announces an increase in dearness allowance before big festivals like Holi and Diwali. But this time it was announced after Holi.
400 rupees profit every month on 18,000 basic salary
For this, fill your salary in the formula written below .. (Basic Pay + Grade Pay) × Da% = DA Mount
If you understand in easy language, the rate of dearness allowance is multiplied in the salary that is made after adding grade salary to the basic salary. The result that comes, is called dearness allowance i.e. Dearness Allowance (DA). Now understand this with an example, suppose your basic salary is 18 thousand rupees and grade pay is 2000 rupees.
The total was 20 thousand rupees on connecting both. In such a situation, after increasing 55% dearness allowance, it was Rs 11,000. By adding everyone, your total salary was Rs 31,000.
At the same time, you are getting a salary of Rs 30,600 in terms of 53% DA. That is, after increasing 2% DA, there will be a profit of Rs 400 every month.
If your basic salary is Rs 18,000, then after this 2% increase, your salary will increase by Rs 400 every month. In such a situation, you will get a benefit of 4800 rupees annually.
What is All India Consumer Price Index?
There are two types of inflation in India. One retail means retail and the other wholesale inflation. Retail inflation is based on prices paid by common customers. It is also called Consumer Price Index (CPI).
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