The AICPIN decreased by 1 point in Dec 2018 and remained at 301 points. So the increase in DA from Jan 2019 may 3% in 7th CPC, and 6% for 6th CPC employees. For AP the new DA from Jan 2019 may be 6*0.524=3.144
Dearnessss Allowance (DA) is a cost of living adjustment allowance paid to Government employees, Public sector employees (PSE)and pensioners in India, Bangladesh and Pakistan
Dearness Allowance is calculated as a percentage of an Indian citizen's basic salary to mitigate the impact of inflation on people. Indian citizens may receive a basic salary or pension that is then supplemented by a housing or a dearness allowance, or both. The guidelines that govern the DA vary according to where one lives. DA is a fully taxable allowance.. Two types : 1) DA given under terms of employment 2) DA not given under the terms of employment
Formula for calculating Dearness Allowance for Central government employees after 1.1.2006 is :
Dearness Allowance %= {(Average of AICPI(Base year 2001=100) for the past 12 months – 115.76)/115.76}*100
Formula for calculating Dearness Allowance for Central public sector employees after 1.1.2007 is :
Dearness Allowance %= {(Average of AICPI(Base year 2001=100) for the past 3 months - 126.33)/126.33}*100
Dearness allowance with effect from January or July of a particular year in the future, once the AICPI(IW) for a particular month is published by the Government, whereas for PSU employees it is declared quarterly by DPE (Department of Public Enterprise).
Beginning 1 January 1996, 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 1 January and 1 July
0 Response to "The AICPIN decreased by 1 point in Dec 2018 and remained at 301 points. So the increase in DA from Jan 2019 may 3% in 7th CPC, and 6% for 6th CPC employees. For AP the new DA from Jan 2019 may be 6*0.524=3.144"
Post a Comment