AICPIN June 2024: July DA Calculation Update
AICPIN June 2024: The AICPIN for June 2024 is just around the corner! According to the Labour Bureau’s advance release calendar, this key information will be unveiled on July 31, 2024, a Wednesday. You can find it on the Labour Bureau’s official site at labourbureau.gov.in. The June figures are vital as they will directly impact the Dearness Allowance (DA) effective from July 2024 for all categories of Central Government employees, including pensioners, family pensioners, Army personnel, ex-servicemen, and railway staff.
This upcoming release is particularly significant since it follows the completion of the previous month’s data, wrapping up in December 2023, which relates to the Dearness Allowance that took effect from January 1, 2024. With excitement in the air, this new data will be crucial in determining the upcoming adjustment of the Dearness Allowance based on these important AICPIN statistics.
AICPIN June 2024: Hike in DA for Government Employees
The Dearness Allowance, an essential financial support aimed at countering inflation’s effects, is adjusted biannually for both current and retired central government staff—a tradition that has been upheld for quite some time! This allowance is carefully computed twice a year: from January through June and from July to December, adhering to a specific formula outlined by the 7th Pay Commission.
To break it down, the percentage for the first installment of the Dearness Allowance is based on calculations made during the latter half of the year, with payments commencing on January 1st. On the flip side, the second installment’s percentage is derived from the first half of the year and is issued starting July 1st. This process guarantees employees receive a steady and dependable adjustment to their pay, reflecting economic fluctuations.
AICPIN June 2024 Table
| M/Y | CPI BY-2001 | CPI BY-2016 |
| Jan-24 | 400 | 138.9 |
| Feb-24 | 401 | 139.2 |
| Mar-24 | 400 | 138.9 |
| Apr-24 | 401 | 139.4 |
| May-24 | 403 | 139.9 |
| Jun-24 |