Friday, July 30, 2010

Expected Dearness Allowance (DA) from July 2010–> 10%?


Expected Dearness Allowance (DA) from July 2010 -> 10% ?


Today Labour Bureau, released AICPIN for the month of June 2010, we all are waiting for this index value for long time to calculate dearness allowance from July 2010 onwards.

The AICPIN for the month of June 2010 is 174


MonthAll India Index% of increase
Nov-0814821.44
Dec-0814722.38
Jan-0914823.39
Feb-0914824.32
Mar-0914825.12
Apr-0915025.98
May-0915126.84
Jun-0915327.78
Jul-0916029
Aug-0916230.23
Sep-0916331.45
Oct-0916532.67
Nov-0916834.11
Dec-0916935.7
Jan-1017237.43
Feb-1017039.01
Mar-1017040.59
Apr-1017042.03
May-1017243.54
Jun-1017445.06


Based on AICPIN index, here we calculated DA percentage from 1st July 2010 onwards

As per index value, % of increase for June 2010 is 45.06, so it will be 45% dearness allowance from July 2010 onwards for central government employees.


How to calculate % of increase ?



Here is the simple formula for calculate increase percentage for AICPIN


=> DA = (Average of AICPIN for the past 12 months – 115.76)*100/115.76



Last time Dearness Allowance is 35% and this time will be 45%, so there is a chance for 10% increase in DA from July 2010 onwards.


Date
From which Payable
Rate (%)Increase (%)
1st Jan 200600
1st Jul 200622
1st Jan 200764
1st Jul 200793
1st Jan 2008123
1st Jul 2008164
1st Jan 2009226
1st Jul 2009275
1st Jan 2010358
1st Jul 20104510



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