Cabinet Nod: Central Government Employees to Receive 4% Hike in Dearness Allowance

Cabinet approves additional instalment of Dearness Allowance and Dearness Relief to Central Government employees and pensioners49.18 lakh employees and 67.95 lakh pensioners to benefit 4% benefit to cost Rs.12,868.72 crore per annum to exchequer The Union Cabinet chaired by Prime Minister Shri Narendra Modi approved to release an additional instalment of Dearness Allowance (DA) to … Read more

Grant of Dearness Relief to Railway pensioners/family pensioners—Revised Rates effective from 01.07.2023

GOVERNMENT OF INDIAMinistry of RailwaysRailway Board PC-VII No.- 211 RBE No: 121/2023 File No. PC-VII/2016/1/7/2/3 New Delhi, dated: 07.11.2023 The General Manager/CAOs(R),All Zonal Railways & Production Units,(As per standard mailing list) Sub: – Grant of Dearness Relief to Railway pensioners/family pensioners—Revised Rates effective from 01.07.2023. A copy of Office Memorandum No. 42/04/2023-P&PW(D) dated 27.10.2023 of … Read more

How to Calculate Dearness Allowance 2024 – A Simple Formula

DEARNESS ALLOWANCE 2024

Dearness Allowance (DA) is a salary element designed to offset inflation’s effect on employees’ buying power. It’s calculated using the average All India Consumer Price Index (AICPIN) for Industrial Workers over 12 months. DA calculation involves subtracting 90.76 from this average, multiplying by 100, and dividing by 90.76.

Tamil Nadu Government Announces 4% Dearness Allowance Hike for Its Employees

The Tamil Nadu government has raised the Dearness Allowance (DA) for its employees by 4%. The move, which benefits thousands of employees and retirees, aims to offset inflation and the rising cost of living. This increase, recommended by the Pay Commission, also stimulates economic growth by boosting disposable income and spending. Employee associations have welcomed the decision.

Expected Dearness Allowance From January 2024

Dearness Allowance 2024 Dearness Allowance (DA) is an important component of the salary for government employees in India. It is a cost of living adjustment allowance that is calculated as a percentage of the basic salary to mitigate the impact of inflation on the purchasing power of employees. The DA is revised twice a year, … Read more