If dearness allowance is increased by 3 percent then the total DA will be 45% and if it is increased by 4 percent then dearness allowance will be 46%. The new rates will be applicable from July 1, 2023 and can be announced between Rakshabandhan to Diwali, although it is not yet officially confirmed that how much DA will increase and when it will be announced.
Central Employee Next DA Hike: Good news has come for central employees and pensioners. A big update has come out on the next dearness allowance rates. The April figures of the AICPI index are going to be released by the Labor Ministry on May 31, after which it will be indicated that by what percentage dearness allowance will increase in July. Its benefit will be given to 48 lakh employees and 69 lakh pensioners. This will be the second hike of the year. At present, the employees are getting the benefit of 42 per cent DA, which is applicable from January to June 2023.
DA may increase up to 4 percent
According to media reports, once again before the upcoming elections, central employees and pensioners can get a big gift. According to the figures of the AICPI index so far, the dearness allowance is expected to increase once again by 3 to 4 percent in July. If the DA is increased by 3%, then the total DA will be 45% and if it is increased by 4%, then the DA will be 46%. The new rates will be applicable from July 1, 2023 and can be announced between Rakshabandhan to Diwali, although it is not yet officially confirmed that how much DA will increase and when it will be announced.
AICPI Index will be released on May 31
According to media reports, according to the figures so far, the total DA score has reached 44.46%, yet the numbers of April, May, June are yet to be added to it. April figures will be released on May 31, this will indicate how much DA will increase in July. After this the CPI-IW numbers of May and June will also be added and the final DA/DR will be decided. If the index number reaches above 132.7, then it is expected to increase DA by 4 percent in July, due to which the salary of the employees will see a bumper jump.
This is how dearness allowance is calculated
At present the employees are getting 42 percent DA, DA will be decided by the formula (42 x 29200) / 100. Similarly, dearness relief for pensioners is also calculated.
A formula has been given to determine the dearness allowance. For Central Government employees, the formula is [(Average of All India Consumer Price Index (AICPI) of last 12 months – 115.76)/115.76]×100.
Talking about the dearness allowance of the employees working in PSU (Public Sector Units), the method of its calculation is- Dearness allowance percentage= (Average of consumer price index of last 3 months (Base year 2001=100)-126.33) )x100
