Dearness Allowance (DA) has been hiked for sure central authorities staff taking salaries as per the fifth, sixth, and seventh pay commissions, the Division of Public Enterprises of the Finance Ministry introduced by way of an workplace memorandum dated November 7, 2024, The Financial Instances reported.
Dearness Allowance (DA) has been hiked for sure central authorities staff taking salaries as per the fifth, sixth, and seventh pay commissions(Reuters)
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How a lot DA elevated?
The DA is now 246% for the essential pay of the sixth Central Pay Fee, in comparison with 239% earlier, with the newly revised price being efficient from July 1, 2024.
In the meantime, the DA is 455% for the fifth Pay Fee, in comparison with 443% earlier and is relevant from July 1, 2024.
The DA has been elevated from 50% to 53% for the seventh Central Pay Fee and can apply from July 1, 2024.
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Which means that the federal government staff will even obtain the arrears from July 1, as relevant.
DA is at all times calculated based mostly on the worker’s fundamental pay. So, for instance, if a central authorities worker’s fundamental pay is ₹43,000 per monthas per the sixth pay fee, the brand new DA can be ₹1,05,780 as the speed is 246%, in comparison with ₹1,02,770 earlier when the DA was once 239%.
What’s dearness allowance?
Dearness Allowance (DA) is part of wage of the federal government staff and pensioners, which is to regulate the whole wage for inflation, in order that the rising prices of residing may be accommodated for.
The federal government revises the DA two instances a yr. As soon as in January and as soon as in July. It varies based mostly on the pay fee and in addition on whether or not they work within the city, semi-urban, or rural sector.
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