Web Analytics

Expected DA from July 2024: 50% + 3% = 53% for CG Employees: Cabinet Approved Soon!

by
Expected DA Calculator

Expected DA Calculator for CG Employees in July 2024 | 53% Estimation Over!

Expected DA Calculator from July 2024 for CG Employees: Predict the Dearness Allowance for Central Government employees with the Expected DA Calculator from July 2024. This tool forecasts the upcoming installment’s Dearness Allowance, a vital element of Central Government employees’ salary, pensioners, and family pensioners. The calculation considers the basic salary or pension and undergoes revision biannually.

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)?

Central government employees and pensioners have their Dearness Allowance computed in accordance with the directives established by the 7th Pay Commission. The procedure follows a simple approach, as delineated in the formula below, accompanied by a step-by-step explanation for carrying out the computation.

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

Determining the Dearness Allowance (DA) hinges on two pivotal elements. The initial element encompasses the Current Consumer Price Index, a monthly publication by the Labour Bureau. Meanwhile, the second element involves the Average Consumer Price Index, symbolizing the mean index from the preceding CPI (IW) BY-2001 period.

The shift of the base year for the CPI index occurred in September 2020, transitioning from 2001 to 2016. The initial phase in computing the Dearness Allowance (DA) entails harmonizing the AICPIN data with the updated base year before initiating the calculation 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

Determining the Expected Dearness Allowance (DA) involves a simple process that relies on the Consumer Price Index (CPI) data over the last 12 months. This data is essential for applying the formula set by the 7th Pay Commission, which has been active since 2016.

  • To compute the Dearness Allowance (DA) for January 2024, it is necessary to examine the All India Consumer Price Index for Industrial Workers (AICPIN) data from January 2023 to December 2023, spanning a year.
  • The average of this data needs to be calculated. Then, using the provided Fitment Factor of 261.42, the surplus value of the Fitment Factor must be determined.
  • The resulting number, rounded to the nearest whole number, indicates the percentage of Dearness Allowance (DA).

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

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%