seventh pay fee DA Hike Replace: Central workers are getting 38 p.c dearness allowance from July 2022. Now the subsequent revision is to be in January 2023.
Its figures have began coming. The dearness allowance figures from July to September have come. On the finish of November, the variety of October can even come.
The approaching yr goes to be significantly better for central workers. From the yr 2023 itself, preparations will begin relating to the rise in his wage. However, one reward that they may get with none planning is dearness allowance. It's accessible yearly and can proceed to be accessible sooner or later.
DA Hike will likely be as much as 4 p.c in January
Central workers are getting 38 p.c dearness allowance from July 2022. Now the subsequent revision is to be in January 2023. Its figures have began coming. The dearness allowance figures from July to September have come. On the finish of November, the variety of October can even come. It's clear from this that there might be a rise of 4 p.c within the dearness allowance subsequent time additionally.
Final month, there was a lower in retail and wholesale inflation. However, world inflation nonetheless stays very excessive. Its impact should be there. In such a scenario, there may be solely hope of improve in dearness allowance. In response to the figures which might be being seen up to now, it may be a DA Hike of as much as 4 p.c. If there is a rise of 4 p.c in January additionally, then the dearness allowance will attain 42 p.c.
dearness allowance will likely be revised as much as 50 p.c
Dearness allowance is revised each six months for the workers. However, a situation has been added to it beneath the seventh Pay Fee. That's, when the dearness allowance of the workers crosses 50 per cent, will probably be merged with the fundamental wage and DA will likely be decreased to zero.
When it's 50 p.c, the cash that the workers will likely be getting as dearness allowance will likely be added to the fundamental wage and the revised wage will likely be added to the allowance cash. The minimal primary wage of a Degree-3 worker is Rs 18000. Suppose DA will increase to 50%, then the worker will get Rs 9000 as allowance. If we add this quantity of Rs 9000 to the fundamental wage, then the fundamental wage of the worker will likely be Rs 27000. And from right here the dearness allowance will likely be zero.