There is good news for central government employees and pensioners. They will start receiving 18 months DA Arrears from November 2024. This is the same DA which was stopped during the Covid-19 pandemic. The government has now decided to give it, which will provide great relief to lakhs of employees and pensioners.
Due to this DA Arrears, there will be a significant increase in the salary of the employees. The outstanding DA of 18 months will bring a huge amount in his pocket. The government has taken this decision in view of the long standing demand. Let us know about this DA Arrears in detail.
What is DA Arrears?
DA Arrears i.e. Dearness Allowance Arrears is the outstanding amount that is given to the employees for the past period. DA is increased every 6 months, but it was frozen during the Corona period. Now the government has decided to give DA of 18 months during that period together.
| DA dues | November 2024 |
|---|---|
| beneficiary | Central Government Employees and Pensioners |
| Duration | 18 months (January 2020 to June 2021) |
| Total DA increase | 17% (in 3 installments) |
| beginning | November 2024 |
| Estimated Expenses | approximately Rs 34,000 crore |
| number of beneficiaries | About 48 lakh employees and 68 lakh pensioners |
| payment method | lump sum |
What will be the amount of DA Arrears?
The amount of DA Arrears will depend on the basic pay of the employee. There was a total DA increase of 17% in 18 months. It was divided into 3 instalments:
- January 2020: 4% increase
- July 2020: 3% increase
- January 2021: 10% increase
For example, if an employee’s basic pay is Rs 50,000, he will get DA Arrears of approximately Rs 1.5 lakh.
When will DA Arrears be received?
Government has announced that payment of DA Arrears November 2024 Will start from. This will be given as a lump sum amount. Employees and pensioners will receive this additional amount along with their November salary/pension.
Who are the beneficiaries of DA Arrears?
Beneficiaries of DA Arrears include:
- All regular employees of Central Government
- Employees of Central Autonomous Institutions
- Central Government Pensioners
- family pensioner
It is estimated that approximately 48 lakh employees And 68 lakh pensioners Will benefit.
Financial impact of DA Arrears
Due to payment of DA Arrears, the government is responsible for almost Rs 34,000 crore There will be an additional financial burden of Rs. However, this will increase the purchasing power of employees and is expected to boost the economy.
Importance of DA Arrears
Payment of DA Arrears is important in many ways:
- Employees will get financial relief
- Will help in dealing with inflation
- Spending capacity will increase during the festive season
- Possibility of increase in demand in the economy
What needs to be done for DA Arrears?
Employees and pensioners will not have to do anything special to get DA Arrears. This amount will be automatically deposited into their account. Still, it’s important to keep a few things in mind:
- Keep your bank account information updated
- Pensioners should submit their Life Certificate on time.
- Stay in touch with your department for any updates
Tax on DA Arrears
Income tax will be applicable on DA Arrears. This amount will be added to the total income of the employee and tax will have to be paid accordingly. Employees are advised to consult an expert for tax planning.
How to use DA Arrears properly?
DA Arrears will be a huge amount. It is important to use it correctly. Some suggestions:
- repay the loan
- Create an emergency fund
- take insurance
- Invest in children’s education
- do retirement planning
Important questions related to DA Arrears
- Will all employees get DA Arrears?
Yes, all eligible central government employees and pensioners will get it. - Will DA Arrears be received at once?
Yes, it will be given as a lump sum amount. - Will TDS be deducted on DA Arrears?
Yes, TDS will be deducted as per rules. - Will contract employees get DA Arrears?
No, it is only for regular employees. - Will DA Arrears become part of pension?
No, this is a one-time payment and will not form part of pension.
DA Arrears: Government’s view
The government says that payment of DA Arrears is a decision taken in the interest of the employees. This will not only provide relief to the employees, but is also expected to give impetus to the economy. A senior Finance Ministry official said, “This decision has been taken keeping in mind both the welfare of the employees and the economy of the country.”
DA Arrears: Response of employee organizations
Employee organizations have welcomed the decision of payment of DA Arrears. A prominent employee union leader said, “This has been our demand for a long time. We welcome this decision of the government. This will provide great relief to the employees.”
Future of DA Arrears
Regular increase of DA will continue after payment of DA Arrears. The government will continue to increase DA every 6 months. Employees are advised to make their financial plans accordingly.
conclusion
Receiving 18 months of DA Arrears is a big relief for central government employees and pensioners. This will not only strengthen their financial position but will also boost the country’s economy. Employees should utilize this amount properly and make financial plans for the future.
Disclaimer: This information is based on government announcements and media reports. However, the last date and details of payment of DA Arrears are subject to change. Please wait for official notifications for updates.
