Diwali Gift: Modi Cabinet Approves 3% DA Hike For Central Employees

DA Increase Salary: The Union Cabinet led by PM Modi has today announced to increase the dearness allowance of employees. This is being considered a gift for crores of employees of the country before Diwali. This will increase the salary of October.

Even before the festival of Dhanteras and Diwali, the Modi government has given a gift to millions of employees of the country. The Union Cabinet led by Prime Minister Narendra Modi has approved the decision to release DA on Wednesday. Although the Union Cabinet has taken this decision for central employees, but as soon as the green signal is received from the Center, the announcement of increasing DA will be made in all the states of the country. Along with increasing DA by 3 percent, the Union Cabinet has also announced to give three months’ arrears to the employees.

Let us tell you that the central government increases the dearness allowance (DA) of employees every year in January and July. This year i.e. in 2024 also, DA was increased by 4 percent in January, while the decision to increase the DA of July was taken in the meeting held today. This is the reason why this increase of 3 percent in dearness allowance will be considered applicable from July itself. In this sense, the arrears of July, August and September will also be given to the employees by adding them.

How much will the salary increase?

Let us tell you that the dearness allowance of the employees is decided on the basis of their basic salary. Suppose if the basic salary of an employee is Rs 40 thousand and his DA is increased by 3 percent, then his salary will increase by Rs 1,200. In this way, if his salary was Rs 60 thousand earlier by adding basic salary, dearness allowance and housing allowance i.e. HRA, then now it will be Rs 60,1200.

How much arrears money will be given?

As we told you, an employee with a basic salary of Rs 40,000 will start getting an additional dearness allowance of Rs 1,200 every month on a 3% DA hike. Since this hike is being considered effective from July itself, the employee will also be given arrears for the months of July, August and September. In this way, he will also get Rs 3,600 as arrears.

How much salary will come in October

As we told you that the increase in DA will be considered effective from July itself, then including October, there will be a total of 4 months. In this way, in October, the employees will get an increase of about 4800 rupees from the total salary they are getting till now. This calculation has been done on such an employee, whose basic salary is 40 thousand and the salary coming in the account is considered to be 60 thousand rupees. If such employees will get 4 months’ DA in October, then the total salary coming in the account will be Rs 64,800.

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