WebJan 4, 2024 · Dearness Allowance News: The current DA rates stand at 31 per cent of the Basic Pay. In October 2024, the Ministry of Finance increased the DA by 3 per cent for the central government employees. WebThe DA was hiked from 7.28 per cent to 17.29 per cent with monetary benefit from July 1, 2024, resulting in a 10.01 per cent increase in DA for employees and pensioners.

DA for central govt employees hiked to 28% with effect from July 1

WebThakur said that the hike is expected to cost the government approximately ₹34,400 crore and impact around 4.834 million Central government employees and 6.526 million pensioners. WebJan 1, 2024 · The DA payable to the employees may be enhanced from the existing rate of 38% to 42% with effect from 01.01.2024. 3. The payment of Dearness Allowance involving fractions of 50 paise and above may be rounded off to the next higher rupee and the fractions of less than 50 paise may be ignored. 4. smart cars finance

7th Pay Commission: Big update on DA arrears - Good news soon …

WebJan 5, 2024 · In October 2024, the Union Cabinet had hiked DA and DR for central government employees and pensioners by 3 percentage points to 31% of basic pay/pension. The move cost the exchequer an additional ... WebMar 24, 2024 · Union Cabinet has hiked the Dearness Allowance (DA) and Dearness Relief (DR) by 4 per cent for central government employees and pensioners. With the recent hike, DA for the central government employees will be hiked to 42 per cent, effective from January 1, 2024. Know how this DA hike will impact the salary and pension of central … smart cars for sale alberta