DA Latest Update: Dearness Allowance can be Announced soon according to internal sources.
Some media reports are to be believed, the Direct Allowance (DA) and Primary Relief (DR) of government central employees may increased by 4 percent, which means that now DA for employees and pensioners will be 42 percent from 38 percent and, it will be considered effective from 1 January 2023.
Salary and pension of employees will be increase.
After this announcement of the government, the salary of the employees will increase. Along with this, the amount of pension will also increase. DA is given to government employees and DR pensioners. This allowance is given to the employees and pensioners for relief from inflation.the current DA is being given 38 percent to the central employees.
Let’s know How much will the salary increase.
If the allowance of these employees and pensioners is increased to 42 per cent and the basic salary is Rs 18,000, then the annual DA will be Rs 7560. In such a situation, the monthly salary will be increased by Rs 720. At present, DA of Rs 6840 is being given at 38 per cent. In this way the salary of pensioners and employees will increase.
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At the same if the basic salary is Rs 50,000, then the annual DA will be Rs 21,000. In such a situation, the monthly salary will be increased by Rs 2000. At present, DA of Rs 19,000 is being given at 38 per cent. In this way the salary of pensioners and employees will increase.
DA and DR increase twice every year.
According to the calculation of the central government, dearness allowance is increased twice every year. The first hike of the year in dearness allowance takes place in January of the calendar year and second in July. The increased DA and DR come under income tax. That’s why, if salary comes under tax, then dearness allowance will also be taxable.
