India Business News: In a welcome move for millions of central government employees and pensioners, the government announced a 4% increase in the dearness allowance (DA) and dearness relief (DR), raising the DA rate to 50% in March 2024.
India Business News: Get the latest updates on the 7th Pay Commission DA hike for central government employees and pensioners. Check the salary calculation, likely date, and more. Don't miss out!
DA hike calculation: Union government has raised the Dearness Allowance for the employees of the Central Public Sector Enterprises (CPSEs) who withdraw salaries as per the pre-revised pay scale of the 6th Central Pay Commission and 5th Central Pay Commission. The revised DA will be applicable from July 1, 2023. Check DA calculation and how much your salary will increase after the revision.
Dearness allowance for the Central government employees is worked out on the basis of the latest Consumer Price Index for Industrial Workers brought out by the Labour Bureau every month.