Are you aware of the joyous moment that stands around for the central government employees? The increase in Dearness Allowance (DA) for central government employees is due to be announced very soon by the Modi government. Sources cite that this time, the DA increase may go up to 3%, resulting in a huge increase in the salaries of such employees. The announcement is expected before the end of February and will be a big gift for such employees. However, the announcement of an official DA increase is yet to come from the government; newspapers and magazines have said that it is expected to be raised this time. Below are details about quite how much the DA will go up and how it will affect salaries.
What will be the increase in DA?
The Modi government is all set to declare the DA by a meager 3% before Holi. With this, the DA percentage will go up to 56%. The hike will benefit about one crore employees and pensioners. The revised DA rate would be put into effect on January 1, thus providing a great boost for the employees involved.
How much will the salary be affected?
A DA increase of 3% would mean that there is expected to be a substantial rise in salaries for the central government employees. In a nutshell, if an employee’s salary is ₹40,000, a DA hike of 3% would mean an additional ₹1,200 per month, which in turn stands at ₹14,400 in a year, leading to the relaxation of finances for employees.
When will the 8th Pay Commission be implemented?
Since the Union Cabinet approved the setting up of the 8th Pay Commission, talks regarding its implementation have been ongoing. People are now sharing curiosity about the date that it will come into being. Although the government has made no official announcement regarding a date, various media sources believe June 2026 may see it coming into force. When the 8th Pay Commission comes to fruition, there will surely be a great hike in the salaries.