DA Increased: Good news for employee-pensioners, 2.73% hike in DA, arrears to be paid in 8 installments
7th Pay Commission: With the beginning of the new year (New Year 2023), the government employees of Telangana state (Tamil Nadu) have got a big gift. The decision will benefit around 4.4 lakh government employees and 2.88 lakh pensioners in the state.
The state government has announced a 2.73 per cent hike in Dearness Allowance (DA), which will be implemented from July 1, 2021. After the amendment, the DA of the employees has increased from 17.29 percent to 20.02 percent.
The arrears of payment of dearness allowance for the period from July 1, 2021 to December 31, 2022 will be credited to the General Provident Fund (GPF) account of the employees. However, the arrears of dearness allowance will be paid to the employees retiring on May 31, 2023. He is exempted from making any contribution to General Provident Fund during the last four months of service.
Lakhs of employees will be benefited
Payment of revised dearness relief for pensioners will be payable in February, 2023 along with pension of January, 2023. According to the orders issued on Monday, the dearness relief arrears from July 1, 2021 to December 31, 2022 will be paid in eight equal monthly installments starting from February, 2023 and payable in March, 2023.
Finance Minister T Harish Rao said that the state government’s decision to increase DA will benefit 4.40 lakh government employees and 2.88 lakh pensioners. According to the employees, dearness allowance for July 2021 has been issued and dearness allowance for January 2022, July 2022 and January 2023 is outstanding.
The Tamil Nadu government also increased it, let us tell you that earlier the Tamil Nadu government had increased the dearness allowance by four per cent. After this, the DA received by them has increased from 34 percent to 38 percent. After this decision of Tamil Nadu government, there will be a huge increase in the salary of more than 16 lakh employees of the state. Till now the employees were given 34 per cent dearness allowance, which has now increased to 38 per cent. However, after this decision, there will be an increase in the expenditure of the government.