Dearness Allowance Hike: The Finance Minister is expected to increase the fitment factor of central employees. Whether the situation is completely clear on this or not, but the DA hike of the central employees is sure to be announced in March. Let’s know the complete details about it.
Less than 15 days are left for the presentation of the budget for the financial year 2023-24. Like every time, the working class and the farmers have high hopes from this budget also.
In some media reports, the finance minister is expected to increase the fitment factor of central employees in the budget. Whether the situation is completely clear on this or not, but the DA hike of central employees is sure to be announced in March. This announcement can be made even before Holi. One crore central employees and pensioners will get the benefit of this DA hike.
How much will be the increase in DA this time?
The announcement regarding Dearness Allowance in March will be applicable from January 1. It will be clear from the data of AICPI index of December coming at the end of January that how much DA is expected to increase this time? Based on the increase in July 2022, central employees are getting 38% dearness allowance. This figure is expected to increase to 41% in the coming times.
Big relief news for the employees
According to experts, this time an increase of at least 3 percent in DA is believed to be fixed. This will be a great relief news to the employees. For example, if the basic salary of an employee is Rs 25000, then according to 3 percent, his salary will increase by Rs 750 per month. His gross salary will increase by Rs 9000 on an annual basis. The salary of Cabinet Secretary level officers is expected to increase by Rs 7,500 per month i.e. Rs 90,000 per annum.
Dearness allowance is given to improve the standard of living of the employees. It is calculated on the basis of the basic salary of the employee.