DA FROM JULY 2024: जुलाई 2024 से महंगाई भत्ते में बम्पर बढ़ोतरी, EXPECTED DA FROM JULY 2024
As you know DA hike from July 2024 for Central Govt Employees and Pensioners is a great cause of concern. DA hike is calculated based on CPI-IW numbers released by Labour Bureau every month. By the time of July new Government would have been formed in centre.
What is DA and DR?
The Dearness
Allowance (DA) and Dearness Relief (DR) is a calculation on inflation and
allowance paid to government employees and pensioners in India.
Aspects Governing the Calculation of DA and DR
Consumer Price
Index for Industrial workers (CPI-IW) or AICPIN is the key factor for
calculation of Dearness Allowance (DA) for Government Employees and Dearness
Relief (DR) for Pensioners.
What is the AICPIN For Jan 2024?
The All-lndia CPI-IW for January ,2024 increased by 0.1
point and stood at 138.9 (one
hundred thirty eight point nine). On one month percentage
change, it increased by 0.07 per cent with respect to previous month compared
to increase of 0.38 per cent recorded between corresponding months a year ago.
Why to Calculate Expected Dearness Allowance (DA) and Dearness Relief (DR)?
The calculation of Dearness Allowance (DA) and Dearness
Relief (DR) is a useful tool for government employees and Pensioners to estimate
their future salary and Pension and plan their expenses accordingly.
Calculation for Expected DA from July 2024
For Calculation for Expected DA from July
2024, AICPIN/CPI-IW points for past 12 months are used. Average of
last 12 months CPI-IW is taken on account for DA Calculation for the current
month.
Below tables
will explain the expected DA from July 2024 calculation for central Govt
Employees and Pensioners-
Condition-1: if CPI-IW
Numbers remains same
for next 5 months.
|
DA
FROM JULY 2024 CALCULATOR |
||||
|
MONTH |
CPI(IW) |
12 MONTH AICPIN AVG |
DA/DR CALC |
FINAL DA/DR % |
|
Jan-24 |
138.9 |
136.91 |
50.83 |
50 |
|
Feb-24 |
138.9 |
137.43 |
51.40 |
51 |
|
Mar-24 |
138.9 |
137.89 |
51.91 |
51 |
|
Apr-24 |
138.9 |
138.28 |
52.34 |
52 |
|
May-24 |
138.9 |
138.63 |
52.73 |
52 |
|
Jun-24 |
138.9 |
138.84 |
52.96 |
52 |
Condition-2: if CPI-IW Numbers increased by 0.5 for next 5 month.
|
MONTH |
CPI(IW) |
12 MONTH AICPIN AVG |
DA/DR CALC |
FINAL DA/DR % |
|
Jan-24 |
138.9 |
136.91 |
50.83 |
50 |
|
Feb-24 |
139.4 |
137.47 |
51.45 |
51 |
|
Mar-24 |
139.9 |
138.02 |
52.05 |
52 |
|
Apr-24 |
140.4 |
138.53 |
52.62 |
52 |
|
May-24 |
140.9 |
139.05 |
53.19 |
53 |
|
Jun-24 |
141.4 |
139.47 |
53.65 |
53 |
Condition-3: if CPI-IW Numbers increased by 01 for next 5 month.
|
DA FROM JULY 2024 CALCULATOR |
||||
|
MONTH |
CPI(IW) |
12 MONTH AICPIN AVG |
DA/DR CALC |
FINAL DA/DR % |
|
Jan-24 |
138.9 |
136.91 |
50.83 |
50 |
|
Feb-24 |
139.9 |
137.51 |
51.49 |
51 |
|
Mar-24 |
140.9 |
138.14 |
52.19 |
52 |
|
Apr-24 |
141.9 |
138.78 |
52.90 |
52 |
|
May-24 |
142.9 |
139.47 |
53.65 |
53 |
|
Jun-24 |
143.9 |
140.09 |
54.34 |
54 |
Condition-4: if CPI-IW Numbers decreased by 0.3 for next 5 month.
|
DA FROM JULY 2024 CALCULATOR |
||||
|
MONTH |
CPI(IW) |
12 MONTH AICPIN AVG |
DA/DR CALC |
FINAL DA/DR % |
|
Jan-24 |
138.9 |
136.91 |
50.83 |
50 |
|
Feb-24 |
138.6 |
137.40 |
51.37 |
51 |
|
Mar-24 |
138.3 |
137.82 |
51.83 |
51 |
|
Apr-24 |
138 |
138.13 |
52.18 |
52 |
|
May-24 |
137.7 |
138.38 |
52.45 |
52 |
|
Jun-24 |
137.4 |
138.47 |
52.55 |
52 |
What will be the expected most likely rate of DA from July 2024?
On analysing the above 4 condition, we found that in all condition DA
calculation is set to 53%. Thus 3% hike in DA/DR is more likely from 50%
to 53% wef. 01 July 2024 for government employees and pensioners.
Frequently Asked Question (FAQ)
Q: What is the expected DA for July 2024?
Ans: As per best possible
calculation based on the CPI-IW (AICPIN) numbers till January 2024 by Labour
Bureau, expected DA from July 2024 is 53 percent. It will benefit around 50
lakh central government employees and 62 lakh pensioners.
Q: What happens if DA reaches 50 percent?
Ans: It is a practice to combine
dearness allowance with basic salary once the DA percentage crosses the 50%
mark. It is a great salary booster for employees as all the other parts of the
salary is calculated keeping basic salary as the base. When DA reaches 50
percent mark, the following allowances will be increased by 25 percent-
1. House Rent Allowance (HRA)
2. Children Education Allowance (CEA)
3. Special Allowance for Child Care
4. Hostel Subsidy
5. TA on Transfer (Transportation of Personal Effects)
6. Gratuity Ceiling
7. Dress Allowance
8. Mileage Allowance for Own Transport
9. Daily Allowance
What is the expected DA for July 2024?
Ans: As per best possible
calculation using AICPIN by Labour Bureau, expected DA for July 2024 is 53
percent. It will benefit around 50 lakh central government employees and 62
lakh pensioners.
How many times DA is given in a
year?
The Dearness Allowance is granted
to compensate for price increases to which the revised pay scales relate. This
will be reviewed twice a year, on 1st January and 1st July.
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