The May figures of the AICPI Index will be released by the Labor Ministry on Friday evening, after which it will be indicated that by what percentage the dearness allowance of central employees will increase in July.
Central Employee DA Hike 2023: There is good news for central employees and pensioners. There is a latest update on the next dearness allowance. The May figures of the AICPI Index will be released by the Labor Ministry on Friday evening, after which it will be indicated that by what percentage the dearness allowance of central employees will increase in July. The AICPI score so far has been 134.2 points and the DA score has been 45.06, in which case a 4 per cent increase is expected to be fixed. However, official confirmation is yet to be made.
4 percent increase in DA fixed
Actually, currently the dearness allowance of central employees is 42%, which is applicable from January to June 2023. Since DA is increased twice a year in January and July, it is being speculated that DA and DR of more than 1 crore employee pensioners of the country may be increased once again before the upcoming elections. The AICPI index will also give an indication of how much DA will increase.
If the index increases, then dearness allowance is set to increase by 4 percent, even if it does not increase, the DA score can reach 45.45 percent and then when the June numbers are released in July, by the time the DA score is above 45.50 percent, DA 46 percent will be fixed. Its benefit will be given to 48 lakh employees and 69 lakh pensioners.
According to media reports, if the DA is increased by 4%, then the DA of the employees will be 46%. This will be the second hike of the year. The new rates will be applicable from July 1, 2023 and it is likely that it can be announced anytime between Rakshabandhan to Diwali, in which case arrears will also be available, although it has not yet been officially confirmed that how much DA will increase and when it will be announced. The special thing is that with the increase in DA, travel allowance and other allowances will also increase.
How much will salary-pension increase on 4% DA/DR increase?
For example, if the basic pay of a central employee is Rs 18,000, then after increasing DA, it will increase by Rs 720. In this way, annually he will get Rs 8640 more salary. If the basic salary is Rs 56900, then he will get Rs 2,276 more every month in terms of 4% more DA. Annually he will get a profit of Rs 27,312.
If the monthly take-home salary of a government employee is around Rs 42,000 and the basic pay is around Rs 25,500, then he still gets Rs 9,690 as DA. Now in the event of 4% DA increase, this DA money will increase to Rs 40,740. So in this case, the take home salary will increase by Rs 4,020 every month.
If someone gets a basic pension of Rs 30,000 a month, then he gets Rs 44,400 as dearness relief. After the 4% DR hike, this money will increase to Rs 42,600, which means the pension will increase by Rs 800 every month.
