Good news for government employees of THIS state - DA hiked by 3% - details
Maharashtra State DA Hike, Salary Increase: The Maharashtra government has increased the DA by 3 per cent for its employees.
Maharashtra DA Hike News, Salary Increase: The Maharashtra government has announced to hike the dearness allowance (DA) for employees by 3%. According to a Tweet shared by the Directorate General of Information and Public Relations, the new DA will take effect in August itself.
Accordingly, the dearness allowance of Maharashtra government employees will now be increased to 34% of the basic pay. The hike in inflation-linked allowance will result in an increase in salary for government employees.
The decision to hike the DA was taken at a Cabinet meeting presided over by Chief Minister Eknath Shinde.
राज्य शासकीय कर्मचाऱ्यांसाठी केंद्र शासनाच्या धर्तीवर महागाई भत्त्यात ३ टक्क्यांनी वाढ करण्याचा निर्णय मुख्यमंत्री @mieknathshinde यांनी मंत्रिमंडळ बैठकीनंतर जाहीर केला. ही वाढ ऑगस्ट २०२२ पासून रोखीने देण्यात येईल. यामुळे आता #महागाईभत्ता ३१ वरुन ३४ टक्के होणार आहे. pic.twitter.com/O24O3iuhPb
— MAHARASHTRA DGIPR (@MahaDGIPR) August 16, 2022
DA is a part of the salary. It is calculated as a specific percentage of the basic salary which is then added to the basic salary.
The hike in DA will come as a major relief to government employees amid skyrocketing inflation.
Earlier this week, Gujarat and Chhattisgarh announced to hike DA for employees by 3 per cent and 6 per cent, respectively.
READ MORE: DA Hike: Salary of government employees in THIS state increased by 6%
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
09:42 AM IST