7th pay commission: Dearness allowance (DA) likely to be hiked soon for central govt employees DA was raised by 3% to 34% as part of this hike, which will take effect on January 1, 2022
Sources have said that the government is likely to hike the dearness allowance (DA) component for central government employees soon.The hike in DA will benefit central government employees, central government pensioners and family pensioners getting pension from the central government.
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.
A hike in DA translates to a hike in the salary of government employees.
What is Dearness allowance/Dearness Relief?
Dearness allowance is usually received by government employees to compensate for rising inflation. The decision announced today will put more money in the hands of government employees and pensioners.
Dearness Allowance/Dearness Relief is paid to central government employees/pensioners to adjust the cost of living and to protect their basic pay/pension from erosion in the real value.
This story originally appeared on: Muscle & Fitness - Author:Tax Cognition
