The DA/DR rates of central employees-pensioners are revised by the Central Government twice a year in January and July, which depends on the half yearly data of AICPI index. New rates have been announced for 2023 and now the next DA increase will be in the year 2024.
7th Pay Commission DA Hike 2023: The Modi government at the Center has announced the rates of dearness allowance and dearness relief for central employees and pensioners. DA has again been increased by 4 percent for July 2023, after which DA has increased from 42% to 46%. This will be paid in November along with 3 months arrears and allowances. Now the next dearness allowance will increase in 2024. However, how much the increase will be next time will depend on the half yearly data of AICPI index.
Dearness allowance is decided by AICPI index.
Actually, the DA/DR rates of central employees-pensioners are revised twice a year by the Central Government in January and July, which depends on the half yearly data of AICPI index. New rates have been announced for 2023 and now the next DA increase will be in the year 2024, which will depend on the AICPI index data for July to December 2023.
AICPI index numbers for 4 months are yet to be released.
Till now, the AICPI index numbers for July and August have been released, in which the index has reached 139.2 points and the DA score has reached 47.98 percent. Now the figures for September will be released between October 28 and 30. If there is a rise in it then it will prove to be a good sign. After this, the figures for October, November and December will be released and then it will be decided by how much DA will increase in January 2024. However, the final decision will be taken by the Central Government only.
If DA becomes 50%, will it become zero?
If the DA rates are increased by 4% for January 2024 next year, then the dearness allowance will reach 50%, in such a situation the salary of the employees will be revised because with the formation of the Seventh Pay Commission, the Central Government has decided to revise the dearness allowance.
The rules were decided that DA will become zero when it reaches 50%, 50% DA will be given by adding it to the existing basic salary and the calculation of DA will start from zero. Let us tell you that the 7th Pay Commission was constituted in 2013, while its recommendations. Was implemented in 2016.
Will the new pay commission be implemented in 2024?
Suppose if DA reaches 50 percent and becomes zero, then the Central Government will have to constitute a new pay commission (8th pay commission) or make changes in the salary structure or bring a new rule to increase the salary. It is believed that if such a situation arises next year,
then the Central Government can take a major decision regarding the salary of the employees before the Lok Sabha elections, although it has not been officially confirmed yet, but considering the current circumstances, it can be estimated. Used to be. Although the government has made it clear in the Parliament in 2022 that the government has no idea yet regarding the formation of the next pay commission, the government is not even considering any such proposal.
This is how dearness allowance is calculated
DA for Central Government employees is calculated on the basis – {Average All India Consumer Price Index of last 12 months (Base Year-2001=100-115.76/115.76}X100. For Central Public Sector employees, the formula is as follows – {Average of 3 months All India Consumer Price Index (Base Year-2001=100-126.33/126.33}X100.
In other words, the amount of dearness allowance is calculated on the basis of multiplying the current rate of DA and basic salary. For example, if your basic salary is Rs 18 thousand and DA is 46 percent, then your DA formula will be (45 x 29200) / 100. Similarly, dearness relief for pensioners is also calculated.
