DA Arrears Calculator January 2023
The calculation of DA arrears for January 2023 is a crucial matter for government employees in India, as this allowance plays a significant role in their salaries. It is revised twice a year to address the rising cost of essential goods, and its increase is closely observed by employees and pensioners across all states. The enhancement of DA is typically announced in March and September, corresponding to the months of its increase in January and July each year.
DA Arrears Calculation 2023
How to Calculate your Dearness Allowance and Dearness Relief Arrears?: If you are a Central Government Employee or Pensioner, you may be eligible for a 4% additional Dearness Allowance and Dearness Relief. The Union Cabinet Committee has given approval to this increase, and it will be reflected in your salary and pension from March 2023. However, it is important to note that arrears for January and February will be paid separately. To help you calculate your DA and DR arrears, use our updated DA Arrears Calculator 2023.
The DA is usually adjusted twice a year, in January and July, and is calculated based on the most recent Consumer Price Index for Industrial Workers (CPI-IW). As of July 1, 2023, the DA was increased to 42% of the basic salary. The revised rate of DA will be issued in March 2023 as per the order issued by the Finance Ministry.
To find out how much DA arrears you are owed for January and February, simply enter your basic salary into our DA Arrears Calculator 2023. The tool has been updated to factor in 42 percent of DA and DR with arrears. For example, if your basic salary is Rs.18,000, your old DA would be 38%, which equals Rs. 6,840, whereas your new DA would be 42%, which equals Rs. 7,560.
If you are a pensioner or family pensioner, you can expect to receive separate payments for Dearness Relief arrears for Jan and Feb 2023 in April. This means that the enhanced DR amount will be paid alongside the pension payment for March 2023. To ensure you receive the correct pension amount, it is important for all pensioners to verify their increased DR amount with their pension amount in their bank account on March 31, 2023.
Stay informed about the DR Arrears Calculator Jan 2023 and use our DA Arrears Calculator 2023 to calculate your DA and DR arrears accurately.