The long wait of central government employees will soon be justified as news about an imminent DA hike under the 7th Pay Commission continues to break in. The decision on the DA hike is expected to be made soon, which could be good news for this group of employees and pensioners across the nation.
When Will DA Increase Be Declare?
As per the recent reports, there are strong chances that the government is going to declare the DA increase probably at the end of this month. To begin with, the DA hike is usually calculated based on AICPI-IW data that reflects the rise in cost of living; the increase in DA would be due only from January 2025, with an announcement expected in the first few weeks of the financial quarter.
Expected DA Hike Percentage
Several experts are expecting a DA hike of about 4% at best this time, putting the DA from 50% up to 54%. This hike is, in fact, given as a relief measure generally twice a year to cushion employees against the rise in prices; the figure shall be kept in abeyance until the final AICPI-IW data are considered.
How Much Salary Increase Is Anticipated?
The 4% increase in DA would thus mean a handsome rise in the income of central government employees every month. Here is the possible break-up of salaries:
- Basic Pay of ₹40,000: The 4% DA raise equals an extra ₹1,600 monthly; annual increment amounts to ₹19,200.
- Basic Pay of ₹55,000: An increment of ₹2,200 in monthly salary, amounting to ₹26,400 in a year.
- Basic Pay of ₹70,000: An increase of ₹2,800 per month, translating to ₹33,600 annual addition.
Pensioners Will Benefit Too
It will not only be the DA increase of employees that will benefit the retired Central Government employees. Indeed, the Dearness Relief (DR) of the pensioners will be raised in direct proportion to that of an equivalent increase in DA, thus providing relief to the aged.
Conclusion
In view of the prevailing inflation, the expected DA hike would be a well-deserved boon for government employees and pensioners. So stay tuned for the announcement that might come in a few days, and do not forget to check your new salary slip for the revised figures as soon as the increase is announced!
This salary hike would get welcome rounds among government employees as something obviously needed to adjust their position in dealing with the cost factor. Continues updates on upcoming measures under the 7th Pay Commission as well as other government schemes.
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