PC: rightsofemployees.com
Government employees are eagerly waiting for the news of salary hikes just before the holiday season. According to media reports, the increase in DA is likely to be 4% instead of the earlier estimate of 3%. Once announced, the increase will be effective from July 1, 2023.
Given that Navratri begins on October 15 and Dussehra is on October 24, the notification of DA hike and arrears will be a welcome and timely gift to government employees and pensioners. According to several media reports, DA will be increased as a gift for government employees during the holiday season.
PC: NDTV
Unlike DA given to government employees, DR is given to pensioners. DA and DR are increased twice a year – January and July. At present the employees are getting 42 percent DA.
The increase is estimated at 4% for central government employees under the formula used to calculate DA using the latest Consumer Price Index for Industrial Workers (CPI-IW), ET reported. After this increase, dearness allowance will increase to 46 percent.
PC:informal news
How much will the salary increase after the announcement of the DA increase?
For example, if a person earns Rs 50,000 monthly and his basic salary is Rs 15,000, he gets Rs 6,300 as his basic salary. After the 4 percent increase in DA, employees will get Rs 6,900 per month. There will be an increase of Rs 600 in the salary of employees.
