DA Hike Before Holi 2025: The festival of Holi (holi 2025) is going to come very shortly. Before this festival, the employees can expect a fat gift from the government; with this, there will be a bumper increase in their DA. Because of this, there will be a huge growth in the salary and pension of more than 1 crore central employees (latest update for employees). Let’s read about this update in detail, concerning the increase in DA.
DA Hike Update
The central government does two increments in DA for employees every year. The first increase is in January. The second increase happens to be in July. However, currently speaking, the government has yet to raise the DA for the month of January for employees. The government is apparently going to raise the DA for the employees soon. This means fantastic benefits for the employees.
Right Now, The DA Stands Up To
Presently, central employees and pensioners receive the DA at a 53 percent rate, and besides that, the employees enjoy the benefits of dearness allowance and relief from dearness. The second round of hike for the employees-in-update is expected to be very soon. Because the new rate will be determined by the AICPI index data from July to December 2024 by the Ministry of Labor, it is expected that DA bad news would again rise by up to 3 percent. It can be announced anytime in the cabinet to be held before Holi.
DA Of Employees Will Increase In March
If one considers the data from July to November for the DA government employees (basic salary hike), the AICPI index may reach 144.5 and the DA score may reach 55.05 percent. Accordingly, it is expected that there will be an increase in DA by 3 percent. December data of 2024 is not available so that final report of this pay commission (8th Pay Commission) can be extended to January 2025. Hence the new rates will be effective from January 2025. Thus, dues of 2 months i.e., January and February will also be available. This increase in salary of the employees (basic salary hike) shall be done under the 7th Pay Commission itself. Thus, more than 48 lakh central government employees will benefit and 69 lakh pensioners will be benefited by it.
There Will Be An Extremely Huge Increase In DA
- DA percentage : [ (Average of AICPI (base year 2001= 100) for the last 12 months)-115.76]/115.76] × 100
- DA of government employees will be calculated like this: DA percentage=[(Average of AICPI (base year 2001= 100) for the last 3 months)-126.33]/126.33]×100
If, for example, an employee (news for employees) has a minimum salary of Rs 18,000, after a DA hike of about 3 percent, his salary will increase by Rs 540. Similarly, employees whose maximum salary (DA hike effect on salary) is Rs 2,50,000 will have their salaries increase by Rs 7,500.
If DA given to an employee is 15,000 per month (DA hike in January), then this will be raised by Rs 450 to 15,450, meaning that the employee can get a benefit of up to Rs 450 in the same month. Even pensioners will be affected by this, as pensions will be affected by Rs 270 for employees (DA hike for central govt. Employees). The pension of employees will be hiked to Rs 3,750.
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