DA Hike: Diwali of central employees today, now they will get 46% dearness allowance, understand how much the money will increase

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DA Hike: The increased DA will come into the accounts of employees and pensioners along with their salary or pension for the month of October. Along with this, they will also get three months of area. The DA which will be increased by the government will be effective from July 1, 2023.

Earlier, DA of employees was increased by four percent on March 24. This came into effect from January 1, 2023. Before Marche, employees used to get only 38 percent dearness allowance. Then, after an increase of four percent, dearness allowance became 42 percent.

After the government increases DA, the salary of central employees will increase by about 4 percent. For example, if your basic salary is Rs 30 thousand, then currently you get DA of Rs 12,600 according to 42 percent dearness allowance. Now if the government increases DA by four percent, it will increase to 46 percent. After this, you will get dearness allowance of Rs 13,800 on your basic salary of Rs 30 thousand. That means your salary will increase by Rs 1200 per month.

Average of All India Consumer Price Index is used by the government to calculate DA of employees. However, different formulas are used to calculate DA of central employees and PSU employees.

Formula to calculate dearness allowance of central employees: Average of AICPI of last 12 months – 115.76)/115.76]×100. At the same time, to calculate dearness allowance for PSU employees, the AICPI for the last 12 months – 115.76)/115.76]×100 formula is used.

By giving dearness allowance to the employees during festivals by the Central Government, about one crore employees and pensioners will benefit from it. At present there are 47.58 lakh central employees and about 69.76 lakh pensioners.

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