Pay increase 2024: excellent news! The salary would rise by Rs 49,420 with a 50% increase in DA. Find out more

Pay increase 2024: excellent news! The salary would rise by Rs 49,420 with a 50% increase in DA. Find out more

Pay increase 2024: excellent news! The salary would rise by Rs 49,420 with a 50% increase in DA. Find out more

Dearness Allowance (DA Hike) for central government workers to rise by 4% in the new year, i.e., January 2024, is a news item for those employed by the Modi administration at the central level. January of 2024. Based on AICPI data through November 2023, there is a projected 4% rise.

Good news for central staff and pensioners: the DA hike in January 2024. The dearness allowance will rise once again. However, in a different scenario, the central staff will get excellent news. Let's start by discussing dearness allowance. The AICPI index is now at 139.1. A 4 percent rise in central workers' Dearness Allowance (DA Hike) is deemed inevitable in such a scenario. This will result in a significant increase in staff wages. Over a crore workers and pensioners would immediately profit from this.

DA will increase to 50%.

For the next year, the Modi administration at the Center may once again raise the Dearness Allowance (DA Hike) of central personnel by 4 percent, that is. January of 2024. But this hike is scheduled for March. Based on AICPI data through November 2023, there is a projected 4% rise. The dearness allowance will reach fifty percent if it is raised by four percent.

Workers at Central will get two positive updates.

Let's now discuss the second piece of excellent news. Employees at Central may also get the fitting factor reward. This was something that was long in demand. Its rise this year is now being discussed. A significant pay increase will result from this. The 7th Pay Commission's rise in the fitment factor would result in a Rs 8,860 increase in government workers' base pay. After the DA Hike, this increment may be granted. The fitting factor is 2.57 times at this moment. In the next days, it is probably going to rise to 3.68 times. The level-3 basic wage will rise from Rs. 18000 to Rs. 26000 in the event that this occurs. The remuneration of workers would directly rise by Rs 8,000. Additionally, this will have an impact on DA payment.

Basic Pay for 10th Class and TPTA is Rs. 18,000 per month.

Base Pay: INR 18,000

Dearness Allowance: Rs 8,280 (46%)

Allowance for House Rent (27%): Rs 5,400

Allowance for Transport: Rs. 1,350

Rs 621 is the DA on Transport Allowance.

Salary Gross: Rs. 33,651

Salary would rise by Rs 49,420 as a result of fitment.

A central employee at Level-3 who receives a base pay of Rs 18,000 would get a salary of Rs 18,000 X 2.57 = Rs 46,260, minus allowances. A 3.68-fold increase in the fitment factor would result in a salary of Rs 95,680 (26,000 x 3.68). Workers will gain greatly from this. Accordingly, the workers' total pay would rise by Rs 49,420 above their current pay. This computation is based on the minimum wage. The wealthiest earners are eligible for substantial perks.