Good News To Central Govt Employees ! Cabinet Approved 3% DA hike from July 2024 ! Official Press Release

Good News To Central Govt Employees

Around 49.18 lakh Central Government Employees and 64.89 lakh Pensioners have a reason to rejoice before the festive season, as the Union Cabinet has approved a 3% hike in Dearness Allowance (DA) effective from July 2024.

PIB has issued Official Press Release after the approval of the Union cabinet it its meeting held today

Cabinet Approved 3% DA hike from July 2024 – Official Press Release

Cabinet approves additional instalment of three percent of Dearness Allowance to Central Government employees and Dearness Relief to Pensioners

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 01.07.2024 representing an increase of three percent (3%) over the existing rate of 50% of the Basic Pay/Pension, to compensate against price rise.

This increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission. The combined impact on the exchequer on account of both DA and DR would be Rs.9,448.35 crore per annum.

This will benefit about 49.18 lakh central government employees and 64.89 lakh pensioners.

Calculate DA from January 2025