The figures for March will be released on April 28, after which there will be an indication of the final increase in DA in July. After this the CPI-IW numbers of April, May and June will also be added and the final DA/DR will be decided. It is estimated that dearness allowance may increase by 4%. This will be the second increase of the year.
Central Employee Next DA Hike: There is good news for central employees and pensioners. Dearness Allowance is expected to increase once again by 3 to 4 percent in July, although the amount of increase in DA will depend on the half-yearly data of AICPI index, which will be released by the Labor Ministry. So far the figures for January and February have been released and the figures for March are to be released on April 28. If there is an increase in the marks, the DA may increase up to 4 percent, otherwise it is fixed at 3 percent.
AICPI March figures will be released on April 28
Actually, the DA of central employees increases twice a year in January and July, it is calculated on the basis of Consumer Price Index for Industrial Workers (CPI-IW) released by Labor Bureau every month. The Labor Ministry has so far released the figures for January-February, the figures for March to June are yet to come. The figures for March will be released on April 28, after which there will be an indication of the final increase in DA in July. After this the CPI-IW numbers of April, May and June will also be added and the final DA/DR will be decided. It is estimated that dearness allowance may increase by 4%. This will be the second increase of the year.
Dearness allowance can be 45% or 46%
According to media reports, if the index number reaches above 132.7, then the DA is set to increase by 4% in July. At present, the employees are getting 42% DA, if the DA increases by 3%, the total DA will be 45% and If it is increased by 4 percent then the dearness allowance will be 46%. The new rates may come into force from July 1, 2023 and may be announced around Rakshabandhan, although it has not yet been officially confirmed that how much DA will increase and when it will be announced. Its benefits will be to 48 lakh employees and 69 lakh pensioners. will get. DA will be determined by the formula (42 x 29200) / 100. Similarly, dearness relief for pensioners is also calculated.
Possible increase in HRA
According to media reports, the next revision in house rent allowance along with dearness allowance may be up to 3%. Thereafter the maximum HRA will increase to 30% from the existing rate of 27%. But this will happen only when DA crosses 50%. According to the memorandum of the Finance Department, HRA will be 30%, 20% and 10% when DA crosses 50%. The category of house rent allowance is according to X, Y and Z class cities. The central employees who fall in the X category are getting 27% HRA, which will be 30% if the DA is 50%. For Y class it will increase from 18% to 20%. For Z class people, it will increase from 9% to 10%.
