Good news for employees-pensioners, will get 42% DA and DR, know whose salary and pension will increase

This increase is being given not only to the employees in service but also to the retired pensioners. The special thing is that this increase in DA and DR will be for the first half of January 2023 to June 2023. It will benefit 48 lakh employees and 70 lakh pensioners. This announcement will put a financial burden of Rs 12,815 crore on the government every year.

Central Employee-Pensioners DA Hike: The Modi government at the Center has increased the dearness allowance and dearness relief of more than 1 crore central employees and pensioners by 4 percent, after which the DA and DR of central employees and pensioners increased from 38 percent to 42 percent.

It is done. Employees-pensioners will get the benefit of 42 percent DA from January 1, 2023, in this case, the arrears of January and February will also be added to the salary of March to the employees and pensioners in April. This will benefit about 47.58 lakh central government employees and 69.76 lakh pensioners. .

This increase is being given not only to the employees in service but also to the retired pensioners. The special thing is that this increase in DA and DR will be from January 2023 to June 2023 i.e. for the first half.

This will benefit 48 lakh employees and 70 lakh pensioners. This announcement will put a financial burden of Rs 12,815 crore on the government every year. This increase has been done on the basis of the formula fixed on the basis of the recommendations of the 7th Pay Commission. This increase is in line with the accepted formula which is based on the recommendations of the Seventh Central Pay Commission.

What is the formula for dearness allowance

Dearness Allowance Formula – (Basic Pay + Grade Pay) × DA % = DA Amount
The formula for increasing Dearness Allowance for Central Government employees is [(Average of All India Consumer Price Index (AICPI) for last 12 months – 115.76)/115.76]×100.

Formula for calculation of DA hike of PSU employees – Now if we talk about Dearness Allowance for people working in PSUs then the method of calculation is – Dearness Allowance % = (Average of Consumer Price Index for last 3 months (Base year 2001) = 100) – 126.33))x100

42% DA Hike Salary Calculation

1. Suppose your basic salary is Rs 10,000 and grade pay is Rs 1,000. Adding both, the total becomes Rs 11,000. Now with the increased 42% dearness allowance, it will be Rs 4,620. Including all your total salary was Rs 15,620. Earlier, in terms of 38% DA, you were getting a salary of Rs 15,180. That is, after increasing DA by 4%, there will be a benefit of Rs 440 every month.
2. Government employees whose basic salary is Rs 18,000 will get an increase in DA of Rs 720 every month, taking their annual benefit to Rs 8,640.
3. Workers whose basic salary is Rs 20,000 will get a benefit of Rs 800 every month and Rs 9,600 every year.
4. If the basic pay is Rs 25,000, this increase will be Rs 1,000 per month and Rs 12,000 annually. At present, dearness allowance will be Rs 9500. But at 42 percent DA, it will become Rs 10,500, which means your salary will increase by Rs 12,000 annually.
5. If the basic salary of a central employee is Rs. 25500. According to 38% DA, now Rs. 9690 is available. If the DA becomes 42 per cent, the dearness allowance will increase to Rs 10,710, which means the salary will increase by Rs 1,020 every month.
6. If your basic salary is Rs 30,000, then the same benefit will be Rs 1,200 per month and Rs 14,400 annually.
7. In case the basic salary is Rs 40,000, the monthly benefit of DA will be Rs 1,600 and the annual benefit will be Rs 19,200. Similarly, those getting a basic salary of Rs 50,000 will get a benefit of Rs 2,000 per month and Rs 24,000 per year.
8. If the basic salary of a government employee is Rs 56,000, then DA at the rate of 38% is Rs 21,280. After an increase of 4 per cent, it will become Rs 23,520. There will be an annual benefit of Rs 26,880.
9. Basic salary is Rs 60,000, they will get benefit of Rs 2,400 per month and Rs 28,800 per year from this 4% DA increase.
10. Those with a basic salary of Rs 70,000 will get Rs 2,800 monthly and Rs 33,600 annually, those with a basic salary of Rs 90,000 will get Rs 3,600 per month and Rs 43,200 per year.
11. Those getting a basic salary of Rs 1,00,000 will get the benefit of Rs 4,000 per month and Rs 48,000 per year in total salary after a 4 percent increase in dearness allowance.
12. Those with a basic salary of Rs 1,50,000 will get Rs 6,000 more per month and Rs 72,000 per year, and those with a basic salary of Rs 2,00,000 will get Rs 8,000 per month and Rs 96,000 per year after this increase.
13. If the basic salary of an employee is Rs 2.50 lakh per month, then his annual salary will increase by Rs 1,20,000.

42% DR Hike Pension Calculation

If a pensioner’s basic pension is Rs 31,550, due to 38 per cent dearness relief, DR was getting Rs 11,989 per month. After 42 per cent, the DR for pensioners will be Rs 13,251. This means that after the increase of 4 per cent, a basic pension recipient of Rs 31,550 in DR will get Rs 1,262 per month. Along with this, pensioners will get Rs 2,524 extra as arrears of two months on the basis of Rs 1,262.

Note- These figures have been shown tentatively, it can also be changed.