DA Hike in July 2023: The month of July is very important for central employees. This month the government is going to increase the salary of the employees. If you are also taking salary under the Seventh Pay Commission, then before that know when your salary is going to increase-
7th Pay Commission DA Hike: There is great news for Central Government Employees. If you are also waiting for DA Hike, then now your salary is going to get a bumper increase. Salary will be transferred to the account of central employees only after 10 days. This time the government is going to increase the dearness allowance of the employees, whose data will also come on July 31, after which it will be clear that this time there will be an increase in the salary of the employees.
AICPI releases index data
According to the AICPI index, it is clearly visible from the numbers released so far that there will be an increase of 4 percent in DA. At present, it will be clear only after the official announcement from the government that how much the salary of the employees will increase per month.
When will the hike be announced?
At present, the employees are getting dearness allowance at the rate of 42 per cent. At present, its revision will be implemented from 1 July 2023. According to media reports, this time the government may announce an increase in dearness allowance in the month of September or October.
This time also dearness allowance will increase by 4 percent
Let us tell you that according to the figures that have come so far, this time also the Modi government can increase the dearness allowance of central employees by 4 percent. Till now the AICPI figures have come for this half year and soon the government may also decide to increase DA.
On what basis does dearness allowance increase?
The dearness allowance is increased by the central government keeping in view the rate of inflation. Along with the central government, the dearness allowance is also increased by the state government. Higher the inflation, higher is the increase in DA. The Labor Bureau calculates dearness allowance and dearness relief for employees and pensioners. It is calculated on the basis of Consumer Price Index (CPI-IW).
How much money will increase
If at present the basic salary of a government employee is Rs 18000, then on this he gets 42 percent dearness allowance ie Rs 7560. But if the dearness allowance increases to 46 percent, then the dearness allowance will increase to Rs.8280 per month. Accordingly, the salary will increase by Rs 720 every month.
