How DA is calculated for central govt employees?
DA is calculated based on their basic salary and the DR is calculated based on their basic pension. For example, if an employee’s basic salary is 18000 and if a pensioner’s basic pension is 9000, then the calculation of DA and DR will be as follows: Basic Salary: 18000 x 21% = 3780. Basic Pension: 9000 x 21% = 1890.
How is DA 2021 calculated?
DA payment will be done twice a year based on the CPI-IW inflation usually January and July….Expected DA from January 2021 is 28%
| Current Rate of DA % is | 17% |
|---|---|
| Approximately expected Hike in DA for the month of July 2021 is 4% (27%+4%) | 31%* |
What will be the DA in January 2022?
Recent DA increase DA was increased by 3% in January 2022, which will take the DA that employees get to 34% from 31%. As per AICPI data till December 2021, DA has become 34.04%.
What is new DA calculation formula?
The Dearness Allowance (DA) of Central government employees is updated two times a year between January and July. The DA is calculated by multiplying the current rate of dearness allowance by the base wage. Both the organisations are obliging an increase in HRA from January 1.
How is DA amount calculated?
The formulae for calculating dearness allowance are as under: For central government employees: DA% = ((Average of AICPI (Base Year 2001=100) for the past 12 months -115.76)/115.76)100 For central public sector employees: DA% = ((Average of AICPI (Base Year 2001=100) for the past 3 months -126.33)/126.33)100 Here.
What is DA in January 2021?
Following the COVID pandemic outbreak, the government had frozen the three additional instalments of the DA and DR, which were due from January 1, 2020, July 1, 2020, and January 1, 2021. The freeze was lifted from July 1, 2021, and the DA, DR rate was hiked by 11 percentage points to 28 %.
Is DA increase in Jan 2022?
However, the amount of DA increase that will be applied in January 2022 is yet unknown. However, according to the AICPI index, the DA is predicted to rise by 3% in 2022. In addition to the DA increase, several Central government personnel is scheduled to be promoted in the New Year.
How much percentage is DA of basic salary?
The Central government employees and pensioners’ salaries and pensions are all set to increase. The DA and DR will now be paid at a rate of 31% of the basic pay and pension, respectively.
How to calculate da and Dr percentage of CG employees?
DA calculation is very simple. The current rate of Dearness allowance multiply with your basic salary is Dearness allowance. For example, the existing rate of percentage is 12%, if your basic salary is Rs. 49000. The DA is (49000 x 12) /100. How to Calculate DA and DR Percentage of CG Employees and Pensioners?
How to calculate da?
How to calculate DA? DA is calculated on the percentage fixed by the Central Government from time to time as per the calculation method prescribed by the pay commission. The percentage of basic pay is Dearness Allowance. The formula for DA Calculation is common for 5th CPC, 6th CPC and 7th CPC, except the fitment factor.
What is the current DA for central government employees in India?
The total DA increased to 31% (28% + 3% = 31%). All Central Government Employees will be get Arrears for the month of July, August and September will be paid with the salary of October 2021. [ Click to Read More…
What is Dearness Allowance (DA) for central government employees?
Central Government Employees DA calculation: The Union government has decided to increase the Dearness Allowance of central government employees by 5 per cent over the existing rate of 12 per cent of their Basic pay. The hiked DA of 17 per cent would be provided with effect from July 1, 2019.