Friday, February 28, 2014

10% increase in Dearness allowance to Central Government employees wef 1.1.2014 approved.

on Friday, February 28, 2014

Union cabinet ,today ,approved additional Installment of DA wef 01.01.2014 @10 %.After this installment the DA rate for central Govt employees wef 01.04.2014 will be 100%.

Release of additional installment of dearness allowance to Central Government employees and dearness relief to Pensioners, due from 1.1.2014

The Union Cabinet today approved the proposal to release an additional installment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners with effect from 01.01.2014, in cash, but not before the disbursement of the salary for the month of March 2014 at the rate of 10 percent increase over the existing rate of 90 percent.

Hence, Central Government employees as well as pensioners are entitled for DA/DR at the rate of 100 percent of the basic with effect from 01.01.2014. The increase is in accordance with the accepted formula based on the recommendations of the 6th Central Pay Commission.

The combined impact on the exchequer on account of both dearness allowance and dearness relief would be Rs. 11074.80 crore per annum and Rs. 12920.60 crore in the financial year 2014-15 ( i.e. for a period of 14 months from January 2014 to February 2015).

DA rates wef 01.01.2006 to 01.01.2014 is given below


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