DA Hike: For your information, let us tell you that central employees will get the biggest good news of this year in a few days. Because the picture of DA hike in their dearness allowance will be clear. Employees receive love allowance twice every year. Dearness allowance is going to be announced for the second time this year. It is expected. That their DA will increase by 4%. In such a situation his total DA will be 46%. 42% DA is currently being paid. As soon as dearness allowance is announced, there will be a huge increase in the salaries of central employees. There will be a lot of benefits especially in the bigger salary brackets.

Dearness allowance will increase by 46%

By the end of September, dearness allowance may be declared in July 2023. The final date has not been announced yet. But approval is expected from the cabinet. This is clear from the figures of industrial workers that have come so far. That will increase by 4%. Earlier, a 4% increase in dearness allowance was announced in March 2023. His DA had increased from 38% to 42%.

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How much will the salary increase with a 4% increase?

According to the pay matrix of 7th Pay Commission, the basic salary of central employees at Level-1 ranges from Rs 18,000 to Rs 56,900. By increasing dearness allowance by 4% in July, the total DA will reach 46%.

1. Basic salary of the employee Rs 18,000 2. Estimated dearness allowance (46%) calculated at 46% DA Rs 8,280 per month; New dearness allowance (42%) Rs 7,560 per month, how much dearness allowance increased? 8,280-7,560 = Rs 720 per month for five. Annual income 720X12= Rs 8,640

Meaning, the salary of an employee with a basic salary of Rs 18000 will increase by Rs 720 every month. Its value on annual basis will be Rs 8,640.

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If you look at the Level 1 maximum salary bracket, how much money will you get?

1. Basic salary of the employee Rs 56,900 2. Estimated dearness allowance (46%) Rs 26,174 per month 3. As of now, the dearness allowance (42%) is Rs 23,898 per month. How many times did dearness allowance increase? 26,174-23,898 = Rs 2,276 per month for five. Annual income 2,276 X 12 = Rs 27,312

The salary of employees working in the basic salary bracket will increase by Rs 2276 every month. There will be an increase of Rs 27,312 on annual basis.

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What will be the total value of dearness allowance?

The basic salary of upper bracket employees in Level-1 pay band of central employees is Rs 56,900. If seen in this bracket, dearness allowance in his salary will be Rs 26,174 per month, which will be 46% of the total. On annual basis, the total dearness allowance will be Rs 3 lakh 14 thousand 088.

Superfast News Coverage By YuvaPatrkaar.com Team

Publish Date: January 16, 2024

Posted By Sunil

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