DA Arear Calculator: 4% increase in dearness allowance, know how much money will come in salary from January to March

0
346

7th Pay Commission: Last month, the Union Cabinet approved a 4 per cent hike in Dearness Allowance (DA) and Dearness Relief (DR) for central government employees and pensioners.

- Advertisement -
WhatsApp Channel Join Now
Telegram Group Join Now
Instagram Group Follow Now

Union Information and Broadcasting Minister Anurag Thakur had announced on 24 March 2023 that the 4 percent hike in DA has been hiked. DA for central government employees and DR for pensioners will be increased to 42 per cent. This increase has come into effect from 1 January 2023.

These employees will benefit

According to Thakur, this decision will help 69.76 lakh central government pensioners and about 47.58 lakh central government employees. Central government employees can calculate the increase in their salary after the DA hike according to their basic pay and grade.

Increase in dearness allowance: calculation of 42%

After the 4% dearness allowance hike, the total DA has increased to 42%. If the dearness allowance is calculated at the maximum salary limit of Rs 56,900, then the annual dearness allowance will be Rs 2,86,776. Those coming in this pay grade will get Rs 2,276 more as DA than the current rate. With the announcement of this DA hike, their monthly DA will increase to Rs 23,898.

- Advertisement -