Recently, the Madhya Pradesh government has increased the DA by 4 percent for its employees.
The central government can give good news to the government employees soon. In the past, many state governments have increased the Dearness Allowance (DA). After this, now the central government can also increase the dearness allowance. According to a report, the central government may increase the DA by 4 percent for its employees. After the 4 per cent increase, DA will increase to 46 per cent.
DA increases twice a year
DA is increased twice a year (January and July). The last increase in DA was announced in March 2023, which was effective from January 1, 2023. Earlier the DA was 38 per cent, which has been increased to 42 per cent. The hike in DA may be announced in September or October.
Dearness Allowance (DA) is given to government employees, while Dearness Relief (DR) is for pensioners. According to official data, there are 47.58 lakh central government employees and 69.76 lakh pensioners. These employees and pensioners will be benefitted after the upcoming DA hike.
There has been an increase in DA in Madhya Pradesh as well.
Recently Madhya Pradesh has increased DA by 4% for its employees. Earlier, the Odisha government had also announced a four per cent hike in dearness allowance for its employees and pensioners. DA for employees and pensioners has been increased to 42 per cent from the existing 38 per cent. The enhanced DA will be applicable from January 23 this year and the employees will get this amount along with their June salary.
Earlier, Karnataka had also increased DA by 4 percent from January 1, 2023. DA in Karnataka has been increased from 31% to 35%. Jharkhand and Himachal Pradesh have also announced salary hike for their government employees and pensioners.
Fill ITR soon
The last date for filing income tax return is 31 July. The Finance Ministry has asked taxpayers to file their tax returns by July 31. Revenue Secretary Sanjay Malhotra has asked taxpayers to file their returns at the earliest as the Finance Ministry is not considering extending the July 31 deadline.