DA Hike Latest Update: DA of central employees will be announced in September, Know how much the month will increase

7th Pay Commission news: A big good news is coming for the central employees. This time there will be a 3% increase in the Dearness Allowance (DA) of the central employees coming under the 7th Pay Commission.

According to sources, this increase can be announced in September. It will be implemented from July 1.

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When can the announcement be made?

An increase in dearness allowance for central employees may be announced in September. It will be approved by the cabinet. Only after this will pensioners and employees get the benefit. If sources are to be believed, it may be announced in the second half of September. If sources are to be believed, the cabinet may approve a 3% increase in dearness allowance on 18 or 25 September. However, no agenda has been given by the government yet.

Also Read: FD Rate Increased: Bank has Increased the Interest rate on 444 days FD to 7.85 Percent

How much will dearness allowance increase?

According to the information, dearness allowance will be increased by 3%, which will increase the current rate from 50% to 53%. This increase will be effective from July 1, 2024. The numbers of the AICPI-IW index between January and June 2024 have made it clear that the dearness allowance of employees will increase by 3% from July 2024. The June AICPI index has seen a jump of 1.5 points. In May it was at 139.9 points, which has now increased to 141.4. This has increased the score of dearness allowance to 53.36. This means that this time the dearness allowance will increase by 3 percent.

How much will the increase be in a month?

This increase in dearness allowance will lead to a significant increase in the salary of central government employees. For example, those whose basic salary is ₹18,000 will get an increase of ₹540 in their dearness allowance. Whereas, those whose basic salary is ₹56,900 will get an additional dearness allowance of about ₹1,707.

How much did dearness allowance increase in which month?

On what basis is DA increased?

The rates of dearness allowance are based on the Consumer Price Index (CPI-IW). With the increase in inflation, the allowance of the employees also increases, its payment is necessary to maintain their spending capacity. The announcement of dearness allowance for central employees is to be made in September. But, it will be implemented only from July 1, 2024. The months of July and August will be paid as arrears.

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