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Expected DA July 2024: 53% DA Hike Union Cabinet Approved in Next Week!

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Expected DA Calculator

Expected DA July 2024: 53% DA Hike for CG Employees and Pensioners | Union Cabinet Approved in Next Week!

Expected DA Calculator from July 2024 for CG Employees: The Central Government Employees’ Anticipated DA Estimator for July 2024 is a handy tool designed to forecast the upcoming Dearness Allowance installment. For Central Government employees, pensioners, and family pensioners, Dearness Allowance (DA) holds significant importance as it is derived from the basic salary or pension amount and undergoes biannual revisions.

Expected DA Calculation Overview – July 2024

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)?

The Dearness Allowance computation for employees and retirees of the Central government strictly follows the directives established by the 7th Pay Commission. The method is simple, as delineated in the formula presented here, accompanied by comprehensive instructions on executing the computation.

Dearness Allowance (DA) = (Current Index-Average Index) / Average Index X 100

Determining the Dearness Allowance (DA) involves considering two crucial elements. The initial element pertains to the Current Consumer Price Index, a monthly publication by the Labour Bureau. The subsequent element involves the Average Consumer Price Index, reflecting the mean index from the prior CPI (IW) BY-2001 period.

The transition of the base year for the CPI index occurred in September 2020, moving from 2001 to 2016. In order to calculate the Dearness Allowance (DA), the initial step necessitates adjusting the AICPIN data to correspond with the updated base year before proceeding with the computation process.

Expected DA Calculator July 2024

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: Importance of Calculating DA Explained

Decoding AICPIN: Essential Role in Determining DA: The AICPIN plays a crucial role in the computation of the Dearness Allowance granted to employees and retirees under the Central Government. The most recent version utilized for calculating DA is the CPI (Consumer Price Index) designated for Industrial Workers with the Base Year 2016=100. Monthly data is disclosed by the Labour Bureau on the final day of each month. To ascertain the DA percentage for the ongoing month, it is imperative to retain the AICPIN figures from the past 12 months, encompassing the current month. Follow the simple steps outlined to perform the calculation effortlessly.

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

Determining the Expected Dearness Allowance (DA) involves a simple process hinging on the collection of Consumer Price Index (CPI) data over the past year. This data plays a crucial role in applying the formula outlined by the 7th Pay Commission, which has been active since 2016.

  • To ascertain the Dearness Allowance (DA) for January 2024, one must carefully examine the All India Consumer Price Index for Industrial Workers (AICPIN) information spanning from January 2023 to December 2023, covering a full year.
  • It is imperative to calculate the average of this dataset. Following this, utilizing the designated Fitment Factor of 261.42, it is necessary to determine the surplus value of this Factor.
  • The resulting value, rounded off to the nearest whole number without any decimals, signifies the percentage equivalent of 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 – Calculate Your DA with Ease!

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%