Get the most recent information on the potential 51% rise in DA for the 7th Pay Commission

Get the most recent information on the potential 51% rise in DA for the 7th Pay Commission

Get the most recent information on the potential 51% rise in DA for the 7th Pay Commission

DA Hike and 7th Pay Commission Update: It has been confirmed that starting on January 1, 2024, workers would get a 50% dearness allowance. However, obtaining 51 percent is currently unlikely to happen. as the December AICPI index results are still waiting.

DA's seventh pay commission Hike News: For the central personnel, the next thirteen days will be very busy. Workers will hold off until January 31st. The first positive news of 2024 will be shared with the staff on this day. There will be a publication of updated Dearness Allowance (DA) numbers. The amount of dearness allowance that the workers would get starting in January 2024 will then be confirmed. The good news is that receiving 50% of the dearness allowance is nearly a certain. Since the Dearness Allowance (DA) has almost reached this amount even up to the most recent number. There might be a significant increase in the dearness allowance statistics as well, given the sharp increases in retail (CPI) and wholesale (WPI) inflation.

Will need to wait till AICPI in December.

Employees will start receiving 50% dearness allowance on January 1, 2024, it has been agreed. However, obtaining 51 percent is currently unlikely to happen. as the December AICPI index results are still waiting. The index might grow to 50.52 points in January 2024 if there is a significant increase. The dearness allowance in this case may also be 51%. However, based on existing patterns, half have been verified. It is quite likely going to go up by 4 percent. The clarity of the image won't arrive until January 31.

November saw a spike as well.

Central employees' dearness allowanceThe computation data is now available. The November 2023 AICPI index statistics have been made public. There has been a 0.7-point gain in the index. The dearness allowance score as a whole is now 49.68 percent, up 0.60 percent. This figure attests to the fact that central staff will get 50% dearness allowance in the near future. However, analysts do not dispute that a spike is still present. Inflation, both retail and wholesale, is at an all-time high. It is impossible to rule out a 5% rise if the AICPI also exhibits a significant increase.

How has the AICPI index changed?

DA will drop to zero at 50%.

Starting in January 2024, central staff will get 50% of their DA. However, the dearness allowance will end at this point. Following this, the dearness allowance computation will begin at 0. Employees will get a 50% DA in addition to their base pay. Assume that an employee's pay band minimum basic wage is Rs 18000. In such case, 50% of Rs 9000 will be added to his paycheck.

When does the dearness allowance go away completely?

The DA that workers get is added to their base pay whenever a new pay scale is introduced. Experts advise that workers' 100% DA should, in theory, be added to their base pay; nevertheless, this is not achievable. The state of finances gets in the way. That being said, this was completed in 2016. Prior to the introduction of the sixth pay scale in December of 2006, employees were paid 187 percent of the fifth pay scale. The base salary was combined with the total DA. As a result, 1.87 became the coefficient for the sixth pay tier. Next, new grade pay and pay bands were established. However, delivery took three years.