DA FROM JULY 2024, EXPECTED DA FROM JULY 2024 CALCULATOR
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. As you know, new Government has 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 to counter inflation effect on cost of living.
Aspects Governing the Calculation of DA and DR
Consumer Price
Index for Industrial workers (CPI-IW) is the key factor for
calculation of Dearness Allowance (DA) for Government Employees and Dearness
Relief (DR) for Pensioners.
What is the AICPIN For Feb 2024, March 2024 and April 2024?
The All-India CPI-IW for February, 2024 increased by 0.3 point and stood at 139.2 (one hundred thirty nine point two). The All-India CPI-IW for March, 2024 decreased by 0.3 point and stood at 138.9 (one hundred thirty eight point nine). The All-India CPI-IW for April, 2024 increased by 0.5 point and stood at 139.4 (one hundred thirty nine point four).
Why to Calculate Expected Dearness Allowance (DA)?
The calculation of Dearness Allowance (DA) is a useful tool for government employees to
estimate their future salary 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 2 months.
|
Month |
CPI(IW) |
12
MONTH AVERAGE AICPIN |
DA/DR
(%) CALCULATOR |
DA/DR
% |
|
Jan 2024 |
138.9 |
136.91 |
50.83 |
50 |
|
Feb 2024 |
139.2 |
137.45 |
51.43 |
51 |
|
March 2024 |
138.9 |
137.92 |
51.94 |
51 |
|
April 2024 |
139.4 |
138.35 |
52.42 |
52 |
|
May 2024 |
139.4 |
138.74 |
52.85 |
52 |
|
June 2024 |
139.4 |
138.99 |
53.13 |
53 |
Condition-2: if CPI-IW Numbers increased by 0.5 for next 2 month.
|
Month |
CPI(IW) |
12
MONTH AVERAGE AICPIN |
DA/DR
(%) CALCULATOR |
DA/DR
% |
|
Jan 2024 |
138.9 |
136.91 |
50.83 |
50 |
|
Feb 2024 |
139.2 |
137.45 |
51.43 |
51 |
|
March 2024 |
138.9 |
137.92 |
51.94 |
51 |
|
April 2024 |
139.4 |
138.35 |
52.42 |
52 |
|
May 2024 |
139.9 |
138.78 |
52.90 |
52 |
|
June 2024 |
140.4 |
139.12 |
53.26 |
53 |
Condition-3: if CPI-IW Numbers decreased by 0.5 for next 2 month.
|
Month |
CPI(IW) |
12
MONTH AVERAGE AICPIN |
DA/DR
(%) CALCULATOR |
DA/DR
% |
|
Jan 2024 |
138.9 |
136.91 |
50.83 |
50 |
|
Feb 2024 |
139.2 |
137.45 |
51.43 |
51 |
|
March 2024 |
138.9 |
137.92 |
51.94 |
51 |
|
April 2024 |
139.4 |
138.35 |
52.42 |
52 |
|
May 2024 |
138.9 |
138.70 |
52.80 |
52 |
|
June 2024 |
138.4 |
138.87 |
53.00 |
53 |
Frequently Asked Question (FAQ)
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.
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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