Dearness Allowance Arrears News 2023

Dearness Allowance Arrears News 2023 : The festival of Holi is going to be tremendous for the central employees. Along with the current salary of March, 3 percent Dearness Allowance will also be given. That is, they will be given DA Arrears at the rate of 34 per cent from their March salary. But, the special thing in this is that it has been implemented from January 1, 2022 itself! That is, Central Employees will get money at the rate of 34 percent from January 2022 itself. They will be paid full salary for March. Central employees will also get arrears of January, February (2 months)!

Dearness Allowance Arrears News 2023

Dearness Allowance Arrears News 2023

New Dearness Allowance Arrears News 2023

Central employees will be paid full salary for March. That means after Holi they will get full money! It has been decided to increase the Dearness Allowance by 3 percent. Along with the increase in dearness allowance (DA Hike) of January 2022, arrears (DA Arrears) will also be available! Central employees will also be paid arrears along with 34% DA.

How much money will come for 2 months arrears: Dearness Allowance Arrears News 2023

The basic salary of Central Employees ranges from Rs 18,000 to Rs 56,900! If the new Dearness Allowance of 34 per cent is calculated on the maximum basic pay of Rs 56,900, then the DA for the month becomes Rs 19,346. At the same time, the payment made so far has been increased to Rs 17,639 per month at the rate of 31 percent. That is, DA Hike has been increased by a total of Rs 1,707 per month in DA of the employees. This increase will be Rs 20,484 on an annual basis! Arrears of 2 months have to be received in the month of March. In this case, if the calculation is done, then an employee will also get Rs 38,692 as DA Arrears!

Dearness Allowance will be Rs 90,720 : Dearness Allowance Arrears News 2023

Significantly, the central employees are being given DA at the rate of 38 percent at present under the 7th pay commission. If there is an increase in Dearness Allowance by 4 percent, then it will increase to 42 percent! After this, the annual dearness allowance (DA Hike) of those with a basic salary of Rs 18,000 will increase to Rs 90,720! Talking about the difference from the existing dearness allowance, the salary will increase by Rs 720 per month and Rs 8640 per year.

DA will increase on 18000 basic salary

If the arrears (DA Arrears) is calculated on the minimum basic pay of Rs 18,000, then the employee is currently getting DA of Rs 5,580, which is according to 31 percent DA (Dearness Allowance). Now if 3 percent more is added to this, then Rs 6,120 will be available. Means there will be an increase of Rs 540 in the salary of the employees (DA Hike). The money for 2 months’ arrears will come to around Rs 1,080. Similarly, DA arrears will be calculated on the second pay breakup.

Calculation on minimum basic salary of Rs 18,000

  • Employee’s basic salary Rs 18,000
  • New Dearness Allowance (42%) Rs.7560/month
  • Dearness Allowance till now (38%) Rs.6840/month
  • How much dearness allowance increased 7560-6840 = Rs 720/month
  • Increase in annual salary 720X12= Rs 8640

Calculation on maximum basic salary of Rs.56900

  • Employee’s basic salary Rs 56900
  • New Dearness Allowance (42%) Rs 23898/month
  • Dearness Allowance till now (38%) Rs 21622/month
  • How much dearness allowance increased 23898-21622 = Rs 2276/month
  • Increase in annual salary 2276X12 = Rs 27312

4% Dearness Allowance hike approved

The Modi government’s cabinet reviewed the Dearness Allowance figures on Wednesday, but formal approval has not been announced at the moment. Consensus has to be made to increase it to 42 percent. According to sources, Prime Minister Narendra Modi himself can announce this before Holi. After that the cabinet will approve! Finance Ministry will notify it after Holi! After the release of the notification, the increase in the salary of central employees (DA Hike) will start. According to sources, the new dearness allowance is fixed to be paid along with the March salary. However, the increased salary of some employees will be paid along with the April salary.

How to know how much DA Hike will be

Dearness Allowance (DA Hike) for central employees and pensioners is decided on the basis of Consumer Price Index (All India CPI-IW) for industrial workers. Dearness Allowance for December 2022 will be 42.40% on the basis of CPI-IW number. But, if it is not increased in decimal, then Dearness Allowance will be fixed at 42%!

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