Central government employees may not get pay hike salaries in March-24 salaries , as per reports.

Central government employees may not get their increased salaries for the month due financial year ending, however that the Reserve Bank of India (RBI) has asked banks to work on March 31 falls on Even though its Sunday, as it is the penultimate day of the budget year.

The government had approved a 4 percent increase in the DA for central employees earlier. This increase, which will take effect in January 2024, will increase the DA from 46 per cent to 50 per cent.

As a result, employees will be eligible for arrears for the months of January and February. For better understanding the dearness allowance is calculated on the basis of the latest CPI-IW data collected by the Labour Bureau on a monthly basis. Therefore, the increase in the dearness allowance for the employees and pensioners will be based on the formula as per the recommendations made by the 7th central pay commission.

Since the DA has gone up to 50 per cent, there may be corresponding increase in the HRA (House Rent Allowance). The increase in DA should also triggers an increase in various special allowances. These include Child Education Allowance, Hostel Subsidy, Travel Allowance on Transfer, Dress Allowance, Gratuity Ceiling, and Mileage Allowance. The official details may be followed soon.