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Expected DA July 2024: 3% Hike Announcement Awaited

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Expected DA July PDF

Expected DA Calculator July 2024 | 3% DA Hike News

Expected DA Calculator from July 2024 for CG Employees: “Use the Expected DA Calculator to estimate the expected Dearness Allowance for Central Government Employees beginning in July 2024. Expected DA July This handy tool predicts the next installment of Dearness Allowance, Expected DA July which is a crucial part of the salary for Central Government staff, retirees, and their dependents. Expected DA July The Dearness Allowance is calculated based on the base salary or pension and is adjusted every six months.”

Expected DA Calculation Overview – July 2024 Guide

TopicExpected DA Calculator
BeneficiariesCG Employees & Pensioners
AICPINAll India Consumer Price Index Number
CPI-2001AICPIN (IW) BY 2001
CPI-2016AICPIN (IW) BY 2016
Formula7th Pay Commission
Release DateJanuary & July of Every Year
Current DA Rate50% from January 2024
Expected DA Rate53% from July 2024
Home PageClick Here

How to Calculate Dearness Allowance (DA) Easily

The calculation of the Dearness Allowance (DA) for employees and pensioners of the Central government adheres to the guidelines set forth by the 7th Pay Commission. The approach is straightforward, as outlined in the formula below, along with detailed steps for carrying out the calculation.
Dearness Allowance (DA) = (Current Index – Average Index) / Average Index x 100
To ascertain the Dearness Allowance (DA), two key factors come into play. Expected DA July First, the Current Consumer Price Index, which is published monthly by the Labour Bureau, acts as the main variable. Second, the Average Consumer Price Index, representing the average from the previous CPI (IW) base year of 2001, is also essential.
As of September 2020, the base year for the CPI index was revised from 2001 to 2016. Expected DA July The process of calculating the Dearness Allowance (DA) begins with adjusting the AICPIN data to align with this new base year before proceeding with the assessment.

Expected DA Calculator – July 2024 Tool for Predictions

MonthCPI 2001CPI 2016DA%
Jan-2024400138.950.85
Feb-2024401139.251.46
Mar-2024400138.951.97
Apr-2024401139.452.45
May-2024403139.952.93
Jun-2024403139.953.25

AICPIN: Understanding the Importance of DA Calculation

Delving into AICPIN: Its Importance in Calculating DA: AICPIN is essential for establishing the Dearness Allowance for both current employees and retirees of the Central Government. The latest Consumer Price Index (CPI) for Industrial Workers, referenced to the year 2016=100, is used as the basis for determining DA. The Labour Bureau releases monthly data on the last day of each month. To calculate the DA percentage for the current month, one must keep track of the AICPIN values from the past 12 months, including the current month. Below are straightforward steps outlining how to carry out this calculation.

Calculate Expected DA July 2024 | Step-by-Step Guide

Calculating the Expected Dearness Allowance (DA) is a straightforward task that hinges on the Consumer Price Index (CPI) figures from the previous year. Expected DA July These figures are essential for utilizing the formula established by the 7th Pay Commission, which has been in effect since 2016.

To figure out the Dearness Allowance (DA) for January 2024, one must analyze the All India Consumer Price Index for Industrial Workers (AICPIN) data from January 2023 through December 2023, covering a complete year.

After averaging this data, it is necessary to apply the designated Fitment Factor of 261.42 to ascertain the excess value of this factor. The final value, adjusted to the nearest whole number, will represent the percentage of the Dearness Allowance (DA).

MonthAICPIN 2016AICPIN 2001
Jan-2023132.8382
Feb-2023132.7382
Mar-2023133.3384
Apr-2023134.2386
May-2023134.7388
Jun-2023136.4393
Jul-2023139.7402
Aug-2023139.2401
Sep-2023137.5396
Oct-2023138.4399
Nov-2023139.1401
Dec-2023138.8400
12 Months Total4714
12 Months Average 1636.8
% Increase Over 261.4250.26
Jan 2024 DA%50

DA Calculation Sheet | Easily Calculate Your DA

Month/YearDA%
July 202562%
January 202558%
July 202453%
January 202450%
July 202346%
January 202342%
July 202238%
January 202234%
July 202131%
January 202128% (Paid from July-21)
July 202024% (Not Paid)
January 202021% (Not Paid)
July 201917%
January 201912%
July 20189%
January 20187%
July 20175%
January 20174%
July 20162%
January 20160%