What will be the DA rate in July 2021?
Dearness Allowance (DA) hike for central govt employees effective from July 1. 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 is the DA in 6th Pay Commission?
“…the rate of Dearness Allowance in respect of employees of Central Government and Central Autonomous Bodies, who are continuing to draw their pay in the pre-revised pay scale/Grade Pay as per 6th Central Pay Commission, shall be enhanced from the existing rate of 189% to 196% of the Basic Pay with effect from 15t July …
How is da calculated in 6th Pay Commission?
The formulae for calculating dearness allowance are as under: For central government employees: DA% = ((Average of AICPI (Base Year 2001=100) for the past 12 months -115.76)/115.76)100 For central public sector employees: DA% = ((Average of AICPI (Base Year 2001=100) for the past 3 months -126.33)/126.33)100 Here.
What is 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.
What is DA rate from Jan 2016?
Dearness Allowance Rates (DA Rates)
| Effective Rates | Rates of DA | |
|---|---|---|
| 01.07.2014 | 107% | DA OM |
| 01.01.2015 | 113% | DA OM |
| 01.07.2015 | 119% | DA OM |
| 01.01.2016 | 125% | DA OM |
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.
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.