Cabinet Approved DA Hike to 50% for Central Govt Employees
Union Cabinet Approved DA Hike to 50% for KV School Teachers: Today, a significant development has taken place for Central Government employees as the Cabinet has approved a 50% increase in Dearness Allowance (DA) effective from January 1, 2024. This decision, sanctioned by the Union Cabinet led by Prime Minister Shri Narendra Modi, aims to provide relief to Central Government employees and pensioners in light of rising inflation. The adjustment from the current 46% to 50% of the Basic Pay/Pension carries a financial implication of Rs.12,868.72 crore annually, covering both Dearness Allowance and Dearness Relief. Approximately 49.18 lakh Central Government employees and 67.95 lakh pensioners stand to benefit from this decision, which adheres to the recommendations of the 7th Central Pay Commission.
Current Dearness Allowance – 46%
Additional Dearness Allowance – 4%
Revised Dearness Allowance – 50%
Jan 2024 DA Arrears Calculator
Kindly make use of our specialized calculator to calculate the arrears of your Dearness Allowance (DA) for the months of January and February 2024, subsequent to a 4% rise in Dearness Allowance (DA) and Dearness Relief (DR) for Central Government employees, pensioners, and family pensioners.
Access the Calculator to Determine Your DA Arrears – Click To Calculate DA Arrears
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