Central Employees DA Hike announcement in March 2024, See Full Details

DA Hike Good News: The Dearness Allowance (DA) for central government employees is expected to witness a 4% increase for the six-month period starting January 1, according to several media reports.

An official announcement to this effect could be made in March. If the expected hike materialises, it will bring the central government staff’s dearness allowance to 50 per cent.

Read Also: Report: Flipkart begins performance-based layoffs to reduce staff by 5-7%

Recently Dearness Allowance Increment (DA Hike) occurred in Last Year in October 2023, with a 4 per cent raise, elevating it to 46 per cent effective from July 1, 2023.

DA Hike: What is Dearness Allowance?

Dearness Allowance is a component of the salary designed to offset the impact of inflation, effectively increasing the overall remuneration of employees.

This percentage-based adjustment to the basic pay is a standard practice, usually revised twice a year, with announcements typically made around March and September, and the revisions applied from January 1 and July 1.

It’s important to note that Dearness Relief (DR), following the same principles, is the equivalent amount paid to pensioners.

The calculation formula for DA was revised in 2006, and it is now determined based on the percentage rise in the 12-month average of the All India Consumer Price Index (AICPI) until June 2022.

Read This Also: Aadhar Card Download From UIDAI

Leave a Comment

6 superfoods Known for mood-enhancing 5 Delicious Indian snacks that can be stored for a long time 5 Drinks to stop weight gain after heavy meals​ 10 Benefits Of adding blueberries to your diet 5 reasons why radish leaves must be Use