Tuesday, 4 June 2019

Expected DA from July 2019

Expected DA from July 2019 – 4% or 5% ?
All India Consumer Price Index Numbers for Industrial Workers – CPI(IW) for April 2019 increased by 3 points and pegged at 312, based on the DA Calculation Sheet the DA as on April 2019 is 15.50%.
Expected DA is 16 % from July 2019 if the CPI is less than 2 points in the next two months, if it raises more than 2 points then DA shall be 17%, i.e. increase of 5 percent.

How to calculate Dearness Allowance?

Formula to calculate Dearness Allowance for Central Government Employees after 1.1.2016
DA % = (Average of AICPIN for the past 12 months – 261.4) * 100 / 261.4

Example:
For April 2019 (AICPIN 312 Points)
12 Months AICPIN total = 3623
(289+291+301+301+301+302+302+301+307+307+309+312)
12 Months Average = 301.92 (=3623/12)
DA % = (301.92-261.4)*100/261.4 = 15.49%
Approx DA = 15%

Expected DA from July 2019
Now time to find out the Dearness Allowance from July 2019, based on our calculation with the assumption value there are chances to get increase of 4 percent Dearness Allowance from July 2019, but more chances are there to get 5 percent increase in DA, in case of AICPIN value increase more than 2 points in the coming months.
However this is only the prediction, we have to wait until end of July 2019 to find the exact increase in the Dearness Allowance.

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