The dearness allowance is updated by the government on a half yearly basis. This DA increase takes place based only on AICPI. And the increase in the dearness allowance will be done based on the data released until October 2024 in January 2025. It is a huge hope for lakhs together of central employees and pensioners that like the last time there will be a strong DA jump this time too (DA Hike). It will increase the salary and pension and provide relief from inflation. Let us find out in this news, how much dearness allowance is going to increase this particular time.
In fact, the new year is already on, and in the meantime, there might be good news for central employees. 48 lakh central employees and 68 lakh pensioners await the increase in dearness allowance (DA Hike Update). Most employees at present enjoy salary and other allowances under the 7th Pay Commission. The Government revises dearness allowance for employees twice a year so that they can relieve their burdens during inflation distress. Actually, DA is calculated on the basis of AICPI. This time, AICPI index figures will be considered from July to December 2024.
This time, there might be an increase of 3 percent in DA according to data released till October 2024. Figures for November and December haven’t come out yet. The final number will be decided only after these come. If this figure keeps close to 145 in November and December 2024 also, then this time the dearness allowance will be increased to 56 percent.
What will be the amount of increase of DA?
The main basis for the increase in dearness allowance of central employees is AICPI. The figures until October 2024 have been released, according to which the index has reached 144.5 points. Looking at the previous months’ figures, it is becoming clear that the government may raise DA from 53 percent to 56 percent in the coming year. An increase of 3 percent in DA (Dearness Allowance Update) will make a substantial difference in the salary of central employees. If there is an increase of 3 percent in dearness allowance, a drastic change in the salary of the employees can be expected.
AICPI Index: What do previous trends suggest?
Now, if we talk about September 2024, the AICPI figure was at 143.7. Which in October hit 144.5 and thus this brought the DA score to around 55.05 percent. The AICPI figures for the months of November and December are still awaited. The increase of even 1 point in November 2024 will push the limit such that it attains 145.5 and basically the dearness allowance will now rise to 55.63 percent. Now, if at least an increase of 0.50 points happens in December, then it would be 146 points. Thus, DA would touch 56.29 percent. That is, whatever may happen, AICPI data coming out in December decides how much DA is going to increase. For the reader’s information, no official confirmation has yet taken place.
The dearness allowance is revised twice a year by the government. The increase in DA is computed depending only on AICPI. The increase will be effective from January 2025, based upon data up to October 2024, for all central employees and pensioners who only wished for a phenomenal DA jump again, as has been the case of the past. As a result, the amount will be added to their salary or pension and will bring them relief from inflation. Read the news below for more information on how much dearness allowance this time will be increased.
Increase in dearness allowance
The new year has started and it can be good news for central employees in the meantime. 48 lakh central employees and 68 lakh pensioners are still waiting for the increase in dearness allowance. Employees now avail of the salary and other benefits under the 7th Pay Commission. To provide some relief from the on-going inflation, the government revises the dearness allowance twice a year-the DA is actually based on AICPI. This time the figures of AICPI index will be from July to December 2024.
According to the data released up to October 2024, this time there can be an increase of 3 percent in DA. The figures for November and December have not been declared yet. With these, final calculations will be made. If this figure remains near to 145 in November and December 2024, then this time the dearness allowance will become 56 percent.
How much will DA increase?
As per the dearness allowance compensation of central employees, the major basis is AICPI. Evident data till October 2024 have come, in which index has reached at 144.5 points; judging the previous month’s figures, it is apparent that the government might increase DA between 53 to 56 percent in the new year. This means that it will increase with a 3 percent increment.
