DA HIKE CALCULATION
DA hike for bank employees: Dearness allowance from May to July 2024 announced; latest update on 5-day bank workweek
DA hike for bank employees: Dearness allowance will be 15.97% for May, June and July 2024 for the bank employees. The calculation of dearness allowance for bank employees was revised early this year. A new pay scale has been constructed for the employees of the public sector banks after merging with DA earlier. What will change in dearness relief for the pensioners of PSU banks? What is the latest update on the 5-day work week of the PSU banks? All you need to know
DA hike: Will basic pay of central govt employees, pensioners increase as DA, DR touch 50%, as per the 7th Pay Commission?
DA hike latest news update: There have been speculations about a possible hike in basic pay for central government employees and pensioners in July 2024 as dearness allowance (DA) and dearness relief touch 50%. Usually, the DA and DR of the central government employees and pensioners increase from July. Are central government employees and pensioners looking for a hike in basic pay from July 2024? ET Wealth Online spoke with various experts to understand the regulations of Pay Commissions and how they will impact the salaries of central government employees and pensioners.
DA hiked to 50%: Now HRA of central govt employees to go up as per 7th CPC; how much will HRA increase, when will you get it?
HRA hike for central govt employees: After DA hiked to 50%, several other allowances including HRA of the central government employees, will also be increased. The 7th Pay Commission recommended that the rates of HRA be revised to 30%, 20%, and 10% of basic pay in X, Y, and Z cities, respectively, when DA reaches 50%. Will the central government release a separate order mentioning the hike in HRA as DA reaches 50% now? How much will the hike be in HRA now? When can central government employees expect the increased HRA? Know here
DA hiked to 50%: 6 other allowances revised for central govt employees, as per 7th Pay Commission
DA hiked by 4%: The 7th Pay Commission reviewed all benefits offered to Central Government employees, including those for railway employees, civilian defence workers, and defence troops, in response to its evaluation and recommendations from 2016. The key guidelines for these six allowances for employees of the central government have been issued.
DA, DR hiked to 50%: Will DA, DR automatically merge into basic pay of central govt employees, pensioners now?
DA hike latest news: In a welcome move for central government employees and pensioners, the dearness allowance (DA) and dearness relief (DR) have been increased by 4% to 50%. This decision, effective from January 1, 2024, benefits around 49.18 lakh central government employees and 67.95 lakh central government pensioners. Will DA and DR merge into basic pay for central govt employees, pensioners now? Will the salaries of the central government employees increase now? All the central government employees must know about the recent DA, DR hike.
DA hiked to 50%, HRA, other components to rise: How much will salary increase for central government employees, pensioners?
What happens when DA reaches 50%? The central government has recently increased dearness allowance by 4%. With this, DA will be hiked to 50% from 46% from the central government employees. Similarly, DR will be increase by 4% to 50% for the central government pensioners. As DA hits 50%, certain other allowances and components will also go up. So, overall take-home salary of the central government employees will increase significantly. How much will salary increase for central government employees, pensioners? Find out here
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DA hike for central govt staff likely coming in March; here are all the details
DA and DR are normally upped twice annually. The last one was in October 2023, when DA went up by 4 per cent to 46 per cent. Present inflation data suggests that the next hike will likely be 4 per cent, taking it to beyond 50 per cent.
DA Hike: Central govt employees, pensioners likely to get 4% DA, DR hike soon; when to expect, know salary calculation
7th Pay Commission DA Hike Update: The dearness allowance for central government employees is calculated based on the latest Consumer Price Index for Industrial Workers (CPI-IW). The Union government usually revises the dearness allowance twice a year — in January and July. The announcement of an increase in DA generally comes in March. With 4% DA hike, how much will the salary of central government employees increase? Check full calculation here
7th Pay Commission: Dearness allowance (DA) hike in news again; 4% increase expected
DA hike by 7th Pay Commission: DA is an amount paid to employees as part of salary to make up for inflation. When a hike is effected, it raises their salary. Dearness relief (DR), on the other hand, is an amount paid to pensioners under the same principles.
DA hiked for these Central Govt employees as per 6th Pay Commission, 5th Pay Commission scales
DA hike calculation: Union government has raised the Dearness Allowance for the employees of the Central Public Sector Enterprises (CPSEs) who withdraw salaries as per the pre-revised pay scale of the 6th Central Pay Commission and 5th Central Pay Commission. The revised DA will be applicable from July 1, 2023. Check DA calculation and how much your salary will increase after the revision.
DA Hike: DA, DR hiked by 4% for central govt employees, pensioners; how much salary will increase
DA hiked by 4% for central govt employees: DA for central government employees and pensioners have been hiked by 4%, effective from July 1, 2023. At present, the central government employees and pensioners get a 42% dearness allowance. After the latest hike, DA will jump to 46%. Know how much salary will increase for central government employees and pensioners.
Cabinet approves 4% DA hike for govt employees, 7% MSP hike for 6 Rabi crops
The Cabinet on Wednesday approved a 4 per cent hike in dearness allowance for central government employees and pensioners effective July 2023, Minister Anurag Thakur said at a press briefing. The Cabinet also approved the minimum selling price (MSP) for six prominent Rabi crops by 7 per cent for the next marketing season for 2024-25.
DA may be hiked by 4% for central govt employees, pensioners: Know how much salary can increase, when you likely to get it
Dearness Allowance Hike Latest News: DA for the central government employees is calculated based on the latest Consumer Price Index for Industrial Workers (CPI-IW). Going by the set formula, DA will be hiked by 4%, effective from July 1, 2023. At present, the central government employees and pensioners get a 42% dearness allowance. So, after revision, the DA is likely to be increased to 46%. Know how much salary will increase for central government employees and pensioners.
UP govt hikes DA by 4%: How much salary will increase after Dearness Allowance is hiked
On Tuesday, Chief Minister Yogi Adityanath said it would benefit 16.35 lakh employees and 11 lakh pensioners in UP.
Cabinet hikes Dearness Allowance (DA) by 4% for central government employees, pensioners
The Union Cabinet on Friday decided to increase the Dearness Allowance by four per cent to 42 per cent for central government employees and pensioners, said I&B minister Anurag Thakur in a press conference.
DA may be hiked by 4% for central govt employees, pensioners soon; how much salary will increase
Dearness allowance and dearness relief for the central government employees and pensioners will be increased soon. How much DA hike can employees and pensioners expect this time? How will this DA hike impact the salary of central government employees and pensioners? Check the DA hike calculation here
Bengal govt issues notification announcing 6% DA to employees
"The DA will also be admissible to teaching and non-teaching staff of government-aided institutes as well as to staff of the local bodies. It will be the responsibility of the pension disbursing authority to calculate the quantum of dearness relief on revised pension and family pension payable to each individual case," the notification stated.
DA arrear update: Will central govt employees get 18-month DA arrear frozen during Covid-19? Govt answers
Will the central government employees and pensioners get arrears for the dearness allowance (DA) and dearness relief (DR) suspended for 18 months during the Covid-19 pandemic? Know what finance ministry has said on this
7th Pay Commission: DA hiked by 4% from July 1, 2022 for central govt employees; notification issued
Central govt employees: It must be noted that the dearness allowance will continue to be a distinct element of remuneration and will be treated as pay within the ambit of FR9(21), said the Department of Expenditure.
7th pay commission: Dearness allowance (DA) hiked by 4% for central govt employees, pensioners
The hike in Dearness Allowance (DA) will help central government workers, pensioners, and family pensioners who receive central government pensions. A hike in DA translates to a hike in the salary of central government employees. The last time DA was hiked was in March 2022. During this hike, DA was increased by 3% to 34% effective from January 1, 2022.
Ad-hoc bonus announced for central govt employees: Check who is eligible, how to calculate
The Union Government has approved the grant of a non-productivity linked bonus for the accounting year 2021-22 for central government employees in Group C and all non-gazetted employees in Group B. How much bonus will central government employees get? Know here
7th Pay Commission: Dearness Relief payment rule clarified for these pensioners
Even in case of commutation, dearness relief entitlement will still be calculated on full pension, i.e., including the commuted portion of pension. DoPPW issued a clarification on payment of Dearness Relief after the commutation of pension.
DA hiked for central govt staff paid as per pre-revised 6th, 5th pay commission scales
The dearness allowance (DA) for the central government employees drawing salaries as per the 6th pay commission and 5th pay commission has been increased. All you need to know
7th Pay Commission: Dearness relief hiked by 4% for central govt pensioners; notification issued
With effect starting on July 1, 2022, the government has increased the dearness relief (DR) component for central government employees by 4%.
DA hiked by 4% to 38%: How much central Government employee's salary will increase?
The Union Government has announced the hike in Dearness Allowances (DA)/Dearness Relief by 4% to 38% on September 28, 2022. This will lead to a hike in the monthly salary of central government employees and pensioners. Here is how central government employees and pensioners can calculate a hike in their salary.
7th Pay Commission: Dearness Relief hiked by 3%; these central govt pensioners to benefit
Dearness Relief (DR) for Central Government pensioners and family pensioners has been increased by 3% to 34%, beginning January 1, 2022, according to the Department of Pension and Pensioners' Welfare.
How much will central government employee’s salary increase due to hike in DA?
The central government on March 30, 2022 announced a hike of 3% in the dearness allowance (DA)/dearness relief (DR). The hike is effective from January 1, 2022. With this hike of 3%, DA is at 34%. Here is how a DA hike of 3% will impact central government employee's salary.
New wage code deferred: Your take-home pay, PF outgo, salary structure remain same for now
Staffing companies and HR professionals say that the new salary regime will cause changes to most pay structures in the country. Currently, for an overwhelming number of employers, the basic pay component is significantly lower than 50%.
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