SRINAGAR: The Finance Department of the Jammu and Kashmir Government announced a four percent increase in Dearness Allowance (DA) on Tuesday. The decision will come into effect from January 1, 2024.
The order, signed by Principal Secretary Santosh D Vaidya, reads that the revised DA rate will now be 50 percent of the basic pay per month. This increment applies to all government employees working at regular pay levels as recommended by the 7th Pay Commission.
Key points from the order include that the revised DA will be paid in cash from May 2024 onwards, with arrears for the period from January to April 2024. Payment calculations will follow specific rounding rules: fractions of less than 50 paise will be ignored, while those of 50 paise and above will be rounded to the next rupee. The increased DA is classified as part of the monthly salary and does not include any other special pay types. (KNO)
