6th Pay Commission: DA hiked to 246% for THESE central govt staff

6th Pay Commission Update: The Dearness Allowance (DA) for central government employees and employees of Central Autonomous Bodies, who are still receiving their emoluments as per the old pay scale under the 6th Pay Commission, will increase from 239% to 246% of their basic salary. This change will take effect from July 1, 2024, according to an Office Memorandum (OM) issued by the Department of Expenditure, Ministry of Finance.

The Ministry has confirmed that the provisions from earlier office memorandums regarding the regulation of DA will continue to apply under this new update.

Government departments and organizations that follow Central Government pay scales have been instructed to ensure that this information is communicated to all concerned employees.

Also read: 7th Pay Commission: DA at 53% to be merged into basic pay before January revision for central govt employees?

“The contents of this Office Memorandum may also be brought to the notice of all organisations under the administrative control of the Ministries/Departments which have adopted the Central Government scales of pay,” the circular said.

Which central govt employees are covered under the 6th Pay Commission?

Employees of Central Autonomous Bodies and Public Sector Undertakings (PSUs) and some central government civilian employees are still covered under the 6th Pay Commission provisions.

DA hike under 7th Pay Commission:

The Centre last month hiked the DA for over 1 crore central government employees and pensioners by 3% to 53% of the basic pay. The Centre hikes DA twice a year, effective from January 1 and July 1.

The next DA hike is due from January 1, 2025. However, the announcement is likely to be made in March, as has been the case in the past.

 » Read More

Related Articles

Mutual Fund: Rs 1 lakh invested in this SBI ELSS fund at launch turned into Rs 1.28 crore! Check SIP returns

All mutual fund investors investing in equity have this primary goal of achieving high returns. However, there are lots of investors who enter the mutual fund space with one equally important objective, i.e. tax saving. Investors who park their money in ELSS (Equity Linked Saving Scheme) mutual funds are allowed to avail of tax deduction

Lodha Vs Lodha: How did Lodha family feud unfold – A timeline

The family feud between real estate moguls Abhishek Lodha and Abhinandan Lodha continued to escalate over the ‘Lodha’ trademark dispute, with the most recent development being Abhishek Lodha’s Macrotech Developers filing a Rs 5,000 crore lawsuit against the younger brother’s firm, the House of Abhinandan Lodha (HoABL). The brand infringement lawsuit, filed on January 20

IREDA board approves raising Rs 5000 crore via QIP

Key renewable power play IREDA board has approved raising Rs 5000 crore through a QIP or qualified institutions placement in one or more tranches. The filing at the exchanges specified that the board has decided that fund raising is subject to shareholder approval and Govt shareholding will not decirease more than 7% of the company’s

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

Mutual Fund: Rs 1 lakh invested in this SBI ELSS fund at launch turned into Rs 1.28 crore! Check SIP returns

All mutual fund investors investing in equity have this primary goal of achieving high returns. However, there are lots of investors who enter the mutual fund space with one equally important objective, i.e. tax saving. Investors who park their money in ELSS (Equity Linked Saving Scheme) mutual funds are allowed to avail of tax deduction

Lodha Vs Lodha: How did Lodha family feud unfold – A timeline

The family feud between real estate moguls Abhishek Lodha and Abhinandan Lodha continued to escalate over the ‘Lodha’ trademark dispute, with the most recent development being Abhishek Lodha’s Macrotech Developers filing a Rs 5,000 crore lawsuit against the younger brother’s firm, the House of Abhinandan Lodha (HoABL). The brand infringement lawsuit, filed on January 20

IREDA board approves raising Rs 5000 crore via QIP

Key renewable power play IREDA board has approved raising Rs 5000 crore through a QIP or qualified institutions placement in one or more tranches. The filing at the exchanges specified that the board has decided that fund raising is subject to shareholder approval and Govt shareholding will not decirease more than 7% of the company’s

Infosys to create 17,000 more jobs as it announces plans to expand IT campus in Hyderabad

Infosys has announced its plans to strengthen its strategic partnership with Telangana government with the expansion of Infosys’ IT campus at Pocharam in Hyderabad. This will create an additional 17,000 jobs in the Pocharam campus, where Infosys already employs over 35,000 people, making it one of their largest campuses in the country, stated a report

Nifty ends above 23,200 amidst rangebound trade; mid and small cap indices clock smart gains

The benchmark equity indices ended Thursday’s trading session in positive territory. The NSE Nifty 50 advanced 60.90 points or 0.26% to settle at 23,216.25, while the BSE Sensex rose 115.39 points or 0.15% to end the day at 76,520.38. Underperforming the overall markets, the banking index, Nifty Bank closed the session 130 points or 0.27%