Maharashtra government hikes DA by 12%: Know who is eligible for benefit
An official from the state finance department stated that the DA hike is expected to benefit approximately 17 lakh employees.
The Maharashtra government on Tuesday issued an order increasing the dearness allowance (DA) of its employees by 12 per cent under the unrevised pay scale of the 5th Pay Commission, effective from July 1, 2024.
As per a Government Resolution (GR), the DA has been revised from 443 per cent to 455 per cent and will be paid in cash along with the salary for February 2025, including arrears for the period from July 1, 2024, to January 31, 2025.
An official from the state finance department stated that the DA hike is expected to benefit approximately 17 lakh employees.
The GR also mentioned that existing procedures and provisions related to DA disbursement will remain unchanged.
The additional expenditure due to the revised DA will be covered under the budgetary provisions allocated for government employees’ salaries and allowances. For grant-in-aid institutions and Zilla Parishad employees, the expenditure will be booked under the designated sub-heads for their financial assistance.
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.