DA Rates Table: As you may be aware, inflation in our country is constantly increasing day by day. In such a scenario, it is crucial for you to stay updated with the latest information regarding the cost of living allowance. We would like to inform you that the last adjustment for the cost of living allowance was made by the Indian government on 31st July 2023. According to recent news reports, it is being said that in the year 2024, the cost of living allowance will be implemented twice. This time, the cost of living allowance for 2024 will be applied considering the AICPI index number.
If you are also working in a government job or are a pensioner, then the Indian government is set to provide a fantastic benefit in the form of the cost of living allowance in the year 2024. In such a scenario, if you have any doubts or concerns regarding the cost of living allowance, then through today’s article, we will dispel those doubts for you. Because today, we will provide you with complete information about the DA Rates Table in this article.
DA Rates Table 2024
We would like to inform you that, as of now, the Indian government has not provided any official update regarding the latest cost of living allowance. However, according to some media reports, it is being said that the Indian government will soon make an announcement regarding the implementation of the cost of living allowance in the country.
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The last time the government issued the cost of living allowance, it was at 46%. Now, it remains to be seen what percentage the allowance will be this time. According to some media reports, the cost of living allowance for the year 2024 could be more than 50%. In such a scenario, employees and pensioners can expect a significant increase in their wages and pensions.
HRA Revision Likely Again
The news of implementing a new cost of living allowance for government employees was indeed a significant piece of good news. However, along with this comes another big announcement that if there is an increase of more than 50% in the cost of living allowance, then the HRA will be revised again. However, according to much information available this time, it is being said that the latest cost of living allowance will be more than 50%. If this happens, government employees will see a significant benefit. However, this news has not been officially announced yet, and we will only know when the cost of living allowance is implemented.
Impact of Cost of Living Allowance on Salary
As you all may know, the last cost of living allowance was implemented in the year 2023, which currently provides salaries based on a cost of living rate of 46%. For example, if an employee is receiving a salary of Rs. 36,500, they are actually receiving Rs. 16,790 adjusted for the cost of living.
So, if this year the cost of living allowance increases by more than 50%, then an employee who was receiving Rs. 16,790 would now receive Rs. 18,250. This year, we might see an increase in the cost of living allowance ranging from 4% to 5%.
AICPIN पर आधारित DA Calculations
| Year & Month | DA Percent | AICPIN | Sanctioned by Government |
|---|---|---|---|
| January 2020 | 21% (Not Paid) | ||
| June 2020 | 332 | ||
| July 2020 | 24% (Not Paid) | ||
| December 2020 | 28.17 | 118.8 | |
| January 2021 | 28% (Paid From July) | ||
| June 2021 | 31.17 | 121.7 | |
| July 2021 | 31% | ||
| December 2021 | 34.46 | 125.4 | |
| January 2022 | 34% | ||
| June 2022 | 38.54 | 129.2 | |
| July 2022 | 38% | ||
| December 2022 | 132.3 | ||
| January 2023 | 42% | ||
| June 2023 | 136.4 | ||
| July 2023 | 46% |
Announcement of Dearness Allowance
We want to inform all of you that the government has not made any announcement regarding the Dearness Allowance (DA) yet. All this information is being reported through media outlets, indicating that the Indian government will soon implement the DA. The exact date of the announcement will be known only when the DA is released. However, last time the government issued the DA in July 2023. It’s been almost 10 months since then. In this situation, the announcement of the DA by the Indian government will be made soon.
Some media reports are also suggesting that this time the DA could be more than 50%. Whether this happens or not will only be known when the DA is issued. In such a situation, if you also want to know more about the DA, keep checking this article from time to time because as soon as the DA is issued or any update is released, we will inform you first through this website.
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