DA hiked for Central Govt Employees at 6th Pay Commission, 5th Pay Commission scales:The Central Government has increased the Dearness Allowance (DA) of those central employees and employees of Central Autonomous Bodies who are getting salary as per 6th and 5th pay commission. This increased DA will be considered applicable from July 1, 2024. Let us know how DA is calculated for this and how much will your salary increase after this increase.
How much has DA increased under 6th Pay Commission?
Under the 6th Pay Commission, the Central Government has increased the dearness allowance of employees of central autonomous bodies from 239% to 246%. This means that now the employees covered under 6th Pay Commission will get DA at the rate of 246% of their basic salary. This new DA has come into effect from 1 July 2024.
Also read: There is only some time left for the deadline of PM Internship Scheme to end, allowance of Rs 5000 will be given, who can apply?
How much will the salary increase under 6th pay commission?
DA is calculated on the basic salary of a government employee. For example, if the basic salary of a central employee is Rs 43,000 per month and he is getting salary as per 6th Pay Commission, then earlier his DA was Rs 1,02,770 at the rate of 239%. Now if the DA rate is 246%, his DA will increase to Rs 1,05,780.
How much has DA increased under 5th Pay Commission?
For employees receiving salary under the 5th Pay Commission, dearness allowance has been increased from 443% to 455%. This means that the employees who are taking salary on the basis of 5th Pay Commission will now be given DA at the rate of 455%. This will also be considered effective from July 1, 2024.
Also read: Depositing money in NPS account is now easier, you will be able to make payment through BHIM app, know the step by step process.
Increase in DA under 7th Pay Commission
According to the 7th Pay Commission, Dearness Allowance (DA) and Dearness Relief (DR) for salaried central employees and pensioners have been increased from 50% to 53%. Its benefits have also come into effect from July 1, 2024. This new increase in DA of 6th and 5th Pay Commission employees was awaited, which has now been completed.
Also read: Bright performance of 7 stars of SBI Mutual Fund, top sectoral and thematic funds gave returns up to 59% in 1 year.
Why is dearness allowance available?
Dearness Allowance (DA) is a part of the salary of government employees and pensioners which is given to reduce the impact of rising inflation. The Central Government reviews the dearness allowance every year in January and July, so that the actual salary of the employees can be kept in line with inflation.
Also read: Bajaj Allianz Q2 Result: Bajaj Allianz Life Insurance results announced, IRNB increased by 34%, gross written premium increased by 23%.
Why is it done in DAshift,
Dearness Allowance is an important part of the salary of government employees and pensioners which is given to reduce the impact of rising inflation. Changes in DA rates are made on the basis of inflation rate and also depend on the place of work of the employees (urban, semi-urban, or rural area). The central government reviews DA rates every year in January and July so that the salaries of the employees remain in line with inflation.
