Earlier in this year, announcing the creation of the 8th Pay Commission by the central government was a historical boon for the central employees. Further, in the budget this year, everything else was much relief to taxpayers income tax free up to 12 lakhs, and now another present is for employees. This is what will now affect 1 crore employees and pensioners directly. So, let us go further into detail about this latest update in the news.
DA Will Be Available With All Arrears-
The All India Consumer Price Index figures are about to be published. These figures come from July 2024 until December 2024. As soon as they come, it will be decided on which day how much percentage DA will increase and will be given to employees. DA will be effective on January 1, 2025 for which amount it will be transferred into the accounts of the employees including arrears. Government announces an increase in dearness every six months and the dearness allowance for the first half of the year becomes applicable from January 1 and that for the second half is given from July 1.
DA To Increase By This Much Percent
The government can announce the increment in dearness allowance anytime soon. It is being believed that this present would probably be showered on employees by the central government before Holi. This time, Holi will be celebrated on March 14. So, the present is going to be given soon to the employees. The DA-DR increase might be either 3 or 4 percent this year. Last year, it was increased by 7 percent in two halves, which means that Jan 2024 got an increase of 4 percent, while for July 2024 and onwards, it has increased by 3 percent.
DA Will Be Merged Into Salary-
Earlier, this DA was around 46 percent, which owing to the year’s activities has now turned into 53 percent for 2024. Now it can be anything between 57-58 percent. There are also talks that the government is planning to merge the DA, which has gone above the 50 percent mark, into basic salary. After that, DA will start afresh from zero. However, most employees and experts maintain that only 50 percent DA will be merged.
There Will Be An Increase In Salaries Like This –
At present, under the basic pay of 36,500 per month, an employee had dear allowance of 19,345. Then, he would get an above 4 percent DA raise. Under this, he will get an additional 20,805, along with the backlog from January. Likewise, if the basic pension of a pensioner is Rs 9000, he gets Rs 4,770 as DR. If this DR increases by 4 percent, it becomes Rs 5,130, as dearness relief.
Also Read: DA And DR Latest News: Increase In DA And DR Possible Before Holi