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What is the DA rate from January 2021?

What is the DA rate from January 2021?

Following the COVID pandemic outbreak, the government had frozen the three additional instalments of the DA and DR, which were due from January 1, 2020, July 1, 2020, and January 1, 2021. The freeze was lifted from July 1, 2021, and the DA, DR rate was hiked by 11 percentage points to 28 %.

Just so, Is Da given from July 2021?

1/1/2020-E-II (B) dated 20th July, 2021 on the subject mentioned above and to say that the President is pleased to decide that the Dearness Allowance payable to Central Government employees shall be enhanced from the existing rate of 28% to 31% of the Basic Pay with effect from 1st July, 2021.

Will DA increase in September 2021? The DA hike which was expected to be announced sometime in the month of September 2021, will be applicable most likely for the first half of 2021. … This put it in a range of Rs 105 to Rs 210 per month. The rates had been effective from April 2021. It was intended to benefit around 1.5 crore workers at the time.

Similarly, What will be the rate of DA in July 2021?

The Finance Ministry has raised the DA rate due to Central Government employees from 28% to 31% and the new rate will go into effect on July 1, 2021, according to the notification issued by DoE on 25th October 2021.

What is the expected DA in July 2021?

The decision was announced during a cabinet briefing on Thursday. The DA will be hiked by 3 per cent to 31 per cent which will incur an additional cost of Rs 9,488.70 cr. The decision is expected to benefit 47.14 lakh central employees and 68.62 lakh pensioners. It will be implemented with effect from 1 July 2021.

What is expected DA from Jan 2022?

Experts opine that the dearness allowance can be increased by 3% in January 2022, thus taking the total DA percentage from 31 percent to 34 percent. According to AICPI data, the figures till September 2021 suggest Dearness Allowance (DA) @ 32.81 percent.

Is Da added to pension?

“In view of the unprecedented situation which arose due to the Covid-19 pandemic, three additional installments of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners, which were due from 01.01. 2020, 01.07. … 2020 to 30.06. 2021 shall remain at 17%,” he added.

What is the current rate of DA?

As per the recent OM, the rate of DA admissible to above categories of employees of Central Government and Central Autonomous Bodies shall be enhanced from the existing 164% to 189% of the Basic Pay with effect from 01.07. 2021. The increase subsumes the additional instalments arising on 01.01. 2020, 01.07.

Does HRA increase with DA?

If one goes by the 7th Pay commission rules, the HRA of central government employees would be increased by 3% when DA crosses 25% mark of basic salary. In 20217, the Department of Expenditure had issued an order, saying that when the DA will exceed 25%, the HRA will be revised automatically.

What is DA in salary?

What is Dearness Allowance. Dearness Allowance is paid by the government to its employees as well as a pensioner to offset the impact of inflation. The effective salary of government employees requires constant enhancement to help them cope up with the increasing prices.

What is DA percentage in salary?

Since the year 2006, the dearness allowance for employees from the public sector has been continuously growing. The figure currently stands at 50% of the basic salary.

What will be expected DA from Jan 2022?

As per a report by Zee News, the Narendra Modi government is likely to hike the Dearness Allowance (DA) again in January 2022. … As per updates from the experts in the matter, the dearness allowance can be increased by 3% in January 2022, thus taking the total DA percentage from 31 percent to 34 percent.

Will HRA increase with DA?

If one goes by the 7th Pay commission rules, the HRA of central government employees would be increased by 3% when DA crosses 25% mark of basic salary. In 20217, the Department of Expenditure had issued an order, saying that when the DA will exceed 25%, the HRA will be revised automatically.

Is DA increase in July 2021?

Dearness Allowance (DA) for central government employees has been hiked to 31% of the basic pay from 28%with effect from July 1, 2021, the Finance Ministry stated on Tuesday.

What happens when DA reaches 50?

(61% – 50% = 11%) 50% of dearness allowance was merged with basic pay and the remaining 11% was issued as normal dearness allowance with effect from 1.1. 2004. Example: An employee’s Basic Pay had revised as under on 1.1.

What will be expected DA from July 2021?

Cabinet hikes DA by 3%, to be in effect from July 1, 2021. … The decision was announced during a cabinet briefing on Thursday. The DA will be hiked by 3 per cent to 31 per cent which will incur an additional cost of Rs 9,488.70 cr. The decision is expected to benefit 47.14 lakh central employees and 68.62 lakh pensioners …

How is DA calculated in salary?

The current rate of Dearness allowance multiply with your basic salary is Dearness allowance. For example, the existing rate of percentage is 12%, if your basic salary is Rs. 49000. The DA is (49000 x 12) /100.

How much did DA increase in September 2021?

AICPI data suggested that the DA is payable at a 31 per cent rate given that the index for June 2021 increased by 1.1 points, leaving the final number at 121.7. The DA hike which was expected to be announced sometime in the month of September 2021, will be applicable most likely for the first half of 2021.

What happens when DA reaches 25?

If DA Crosses 25 Percent Hike Allowances

At present, the HRA is paid at the rate of 24%, 16%, and 8% as per the classification of the cities and towns notified by the Finance Ministry. The Indian cities and towns are classified as per the population as X, Y, and Z cities.

What is basic pay in 7th pay Commission?

The new scales of pay provided for entry-level basic pay going up from Rs 7,000 per month to Rs 18,000, while at the highest level i.e. Secretary, went up from Rs 90,000 to Rs 2.5 lakh. For Class 1 officers, the starting salary was at Rs 56,100.

What happens when DA reaches 50 %?

(61% – 50% = 11%) 50% of dearness allowance was merged with basic pay and the remaining 11% was issued as normal dearness allowance with effect from 1.1.

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