Cabinet Approved Hike 50% DA from 1.1.2024 for CG Employees and Pensioners
Cabinet Approved Hike 50% DA from 1.1.2024 for KV School Staff: Today marks a significant milestone for Central Government employees, as the Cabinet, under the leadership of Prime Minister Shri Narendra Modi, has given the green light to a momentous decision. This decision entails a substantial 50% increase in Dearness Allowance (DA) starting from January 1, 2024, aimed at alleviating the financial burden on Central Government employees and pensioners amidst the backdrop of escalating inflation rates. The transition from the current 46% to 50% of the Basic Pay/Pension carries a considerable financial implication of Rs.12,868.72 crore annually, encompassing both Dearness Allowance and Dearness Relief. This move is set to benefit a vast number of individuals, with approximately 49.18 lakh Central Government employees and 67.95 lakh pensioners poised to gain from this welfare measure, which aligns with the recommendations put forth by the 7th Central Pay Commission.
Current Dearness Allowance – 46%
Additional Dearness Allowance – 4%
Revised Dearness Allowance – 50%
Jan 2024 DA Arrears Calculator
Please utilize our dedicated tool to determine the overdue payments of your Dearness Allowance (DA) for January and February 2024, following a 4% increase in Dearness Allowance (DA) and Dearness Relief (DR) for Central Government staff, retirees, and beneficiaries.
Access the Calculator to Determine Your DA Arrears – Click To Calculate DA Arrears
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