4 per cent additional DA Hike Jan 2023 announcement for Central Government Employees expected today

DA Hike Jan 2023

Announcement of DA Hike Jan 2023 For Central Government Employees Possible Today

Cabinet approves release of an additional instalment of Dearness Allowance to Central Government employees and Dearness Relief to Pensioners, due from 01.01.2023

If the hike is approved, the DA for employees and pensioners is estimated to increase by 4% to 42% from the existing 38%.

The increase in Dearness Allowance (DA) on salaries for more than one crore central government employees and pensioners is expected to be announced by the Union Cabinet by today. An announcement in this regard is expected to be made during today’s cabinet meeting, according to reporting from Zee News. The DA for CG employees and pensioners is expected to go up from its current 38% to 42% if the raise is approved.

Beginning on January 1, 2023, Central Government employees, pensioners, and family pensioners can expect an increase in income as the Union Cabinet Committee is expected to approve a 4% increase in Dearness Allowance (DA) and Dearness Relief (DR). All Central Government employees, pensioners, and their families will be subject to this hike, bringing the DA and DR rate to 42%. Following the sixth and final calculation, the DA on the base salary for January 2023 has been established. The DA and DR rate is currently 38%, but after the proposed hike, the Finance Ministry will announce the new rate for DA and DR.

Employees of the Central Government will start receiving a 42% Dearness Allowance on their basic salary on January 1st, 2023. Here is an illustration of how to compute it: Let’s imagine an employee receives a base salary of 49,000 rupees. There are Rs. 392 in DA arrears as a result of 38% of their basic pay in January 2023 being Rs. 1862 and 42% being Rs. 2058. The same remains true for February 2023, while March 2023 will have DA arrears of Rs. 2154. Use this practical 42% DA calculation to be informed on the most recent salary changes.

Existing CG employees will receive payments in arrears for the first two months of the DA raise by March 2023. For active and retired employees, respectively, the basic pay or basic pension will be used to compute the Dearness Allowance or Dearness Relief. For Central Government employees, pensioners, and their families, this rise will provide much-needed relief from the growing cost of living and inflation.