There is good news for all national employees of the central government. After all, the wait for the DA Hike (raised dearness allowance) would shortly come to an end. The government will soon send this money to the employees’ accounts. The AICPI statistics make it obvious that the government will raise the employees’ dearness allowance by 4% this time as well. In other words, starting today, employees will receive a dearness allowance at a rate of 46%. You now know the amount by which your pay will increase.
Dearness allowance calculations are based on the base wage
The basic pay is always used to calculate the DA. DA will only be computed on an employee’s basic wage, which in this case would be Rs 20,000. His monthly pay will rise by around Rs 800 if the DA is increased by 4%.
We’ll let you know how much your pay will rise by Dearness allowance:
- Basic Salary: Rs. 31550
- 46% of the New DA is Rs. 14513 per month.
- Current DA: 42%; Rs. 1325/month
- Rs. 1262 extra (per month) due to a 4% DA rise
- Annual DA will receive Rs 15144 with a 4% increment.
- Total annual DA will be Rs. 1,74,156 (at 46%).
A formal announcement is imminent
According to the 7th pay matrix, every level of employee, from small-grade workers to officer grade, will see a significant boost in pay. The amount of the dearness allowance that will increase in July has currently been determined, although it has not yet been formally declared. The administration may make the announcement in August or September.
Notification is made by the Ministry of Finance
The government typically approves the DA in September. The central government employees are then paid after the Finance Ministry has notified them. The central staff receives arrears for the difference of this enhanced dearness allowance, which is valid for two months.
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