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Expected DA Calculator for July 2024: Union Cabinet May Approve 53% DA Hike Soon!

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Expected DA Calculator

Expected DA July 2024 Calculator for Govt Employees and Pensioners | Union Cabinet Committee May Approve 53% DA Hike in September!

This coming September, the Union Cabinet Committee is anticipated to approve a rise in the Dearness Allowance from 50% to 53%, which will be implemented starting July 1, 2024.

50% + 3% = 53%

Expected DA Calculator 2024 for Central Govt Employees in India: We present a comprehensive calculation method for Dearness Allowance specifically designed for Central government employees and pensioners. Through our website ghdays.in, we offer a direct link to the ‘Expected DA Calculator for July 2024‘ to facilitate your understanding of the upcoming DA percentage. For instance, let’s consider an employee with a basic pay of Rs. 50,000 who is set to receive a 50% increment starting from the 1st of January 2024. Furthermore, if the Dearness Allowance (DA) rises to 53% effective from the 1st of July 2024, this would result in an additional monthly DA increase of Rs. 1,500 for the employee, bringing the total DA to Rs. 26,500 per month.

Expected DA and DR Calculation Tool

Dearness Allowance (DA) and Dearness Relief (DR) may seem similar at first glance, as they both aim to provide financial assistance to individuals. However, there is a distinction between the two in terms of their beneficiaries. DA is extended to Central Government employees, while DR is specifically allocated to Central Government pensioners and family pensioners. A separate scheme, known as Industrial Dearness Allowance (IDA), caters to public sector employees, including those working in organizations like BSNL. This nuanced arrangement ensures that different segments of the working population receive appropriate financial support tailored to their specific needs.

Why ‘Expected DA’ is famous among government employees in India?

The term ‘Expected DA’ has gained significant prominence among government employees in India due to their keen interest in anticipating the upcoming percentage of Dearness Allowance. This curiosity stems from the fact that DA is a crucial component of their overall compensation package and directly impacts their purchasing power. The DA is typically provided twice a year, with the first installment being revised in January and the second installment from July of each year. As such, the incremental increase in DA in their salaries serves as a particularly attractive factor for existing employees, as it not only reflects cost-of-living adjustments but also ensures a certain level of financial stability and security.

HeadingExpected DA Calculator
BeneficiariesGovernment Employees & Pensioners
Year2024
Installment2nd Installment from July 2024
DA FormulaAs per 7th Pay Commission
FactorAICPIN
Calculator LinkClick Here
Home PageClick Here

How do you calculate ‘Expected DA’ for July 2024?

To grasp the concept of calculating Dearness Allowance (DA), understanding the calculation formula is crucial. The AICPIN (All India Consumer Price Index) number for Industrial Workers of the base year 2001 plays a significant role in this calculation. If you wish to determine the percentage of DA in any given month, you must have access to the AICPIN data for the previous 12 months. For instance, if you aim to calculate the DA for the month of July 2024, you need to gather the CPI data from July 2023 all the way to June 2024. This data is essential for accurate computation and analysis of the Dearness Allowance percentage for that specific period.

Expected Dearness Allowance Calculator
Expected DA Calculator

DA Formula as per 7th Pay Commission

To calculate the Dearness Allowance (DA) as per the 7th Pay Commission guidelines, you must first gather the All India Consumer Price Index (AICPIN) data for 12 consecutive months starting from June 23 to July 24, specifically for the calculation month of July 2024. Once you have compiled this data, the straightforward formula to apply is as follows:

DA = (12 Month Average of AICPIN – 261.42) / 261.42 x 100

Expected DA Calculator Table for July 2024

M/YCPI-2016CPI-2001DA%
July-2023139.740247.12
August-2023139.240147.95
September-2023137.539648.53
October-2023138.439949.07
November-2023139.140149.67
December-2023138.840050.28
January-2024138.940050.85
February-2024139.240151.46
March-2024138.940051.97
April-2024139.440152.45
May-2024139.940352.93
June-2024139.940353.24

Expected DA Calculator Method for July 2024: Step-by-Step Explained

An important point to note is that the Dearness Allowance (DA) hike is declared for central government employees and pensioners in January and July of every year. The calculation for the December and June ending months is finalized to determine the upcoming DA adjustments for January and July, respectively. To calculate the DA for July 2024, the following steps are undertaken:

Step 1 involves collecting all 12 months of data on the All India Consumer Price Index (AICPIN) from July 2023 to June 2024.

In Step 2, the CPI Base year is converted from 2016 to 2001 for consistency.

Step 3 requires totaling the 12 months of AICPIN data.

Step 4 entails finding the average of the 12 months total of AICPIN.

Step 5 involves subtracting 261.42 from the average AICPIN number.

In Step 6, the result of the subtraction is divided by 261.42.

Step 7 is crucial, as the final DA percentage is derived by ignoring the decimal points and considering the full number obtained.

This detailed method ensures an accurate calculation of the DA for the specified period.

AICPIN Points Table 2024

CPI MonthsPDF Link
AICPIN January 2024View
AICPIN February 2024View
AICPIN March 2024View
AICPIN April 2024View
AICPIN May 2024View
AICPIN June 2024View

DA for July 2024: 6 Levels of Calculation

1st Level is Over: The initial step in computing the Dearness Allowance entitlement commencing from 1st July 2024 for Central Government employees and pensioners has been successfully completed. This stage involved the publication of the All India Consumer Price Index Numbers for the month of January 2024. Subsequently, the Dearness Allowance percentage was adjusted upwards from 50.28 to 50.85, thereby impacting the financial benefits received by the aforementioned individuals.

2nd Level is Pending: Actually, the expected completion of the second stage was supposed to be by now. However, due to unforeseen circumstances, the Labour Bureau has not yet released the All India Consumer Price Index Numbers (AICPIN) for the month of February 2024. As a result, this stage is still pending, causing delays in the process.

3rd Level is Pending: The third stage of the Dearness Allowance (DA) calculation is expected to be transparent this time around, yet the Labour Bureau has not released the All India Consumer Price Index (AICPIN) points for March 2024. As a result, this crucial stage of the calculation remains pending, causing uncertainty and delay in determining the final DA for eligible individuals.

4th Level: This stage of the process will be resolved once the AICPIN points for the month of April 2024 are released, as this data point will be crucial for making the necessary adjustments.

5th Level: The latest AICPIN figures for May 2024 have been unveiled, indicating a projected increase of 52.93% in the DA calculation. With one more month remaining to determine the final DA percentage, it is highly likely to surpass the 53% mark.

6th Level: The final phase of the DA Calculation involves the AICPIN data for June 2024. Released today by the Labour Bureau, this data shows a notable rise of 1.5 points, bringing the index to 141.4. Consequently, the DA has increased to 53.37%.

What increase in Dearness Allowance (DA) can government employees expect beginning in July 2024?

Central government employees, along with pensioners and family pensioners from sectors like Railways and the Armed Forces, are in for some good news: a 3% boost in DA linked to their basic pay will kick in on July 1, 2024! This isn’t just a guess; it’s grounded in the calculations provided by the 7th pay commission. So, what can an employee expect their salary to look like after July 1, 2024? Let’s delve into this with a practical example.

Basic Salary50%53%DA Hike
Rs.1800090009540540
Rs.199009,95010547597
Rs.2170010,85011501651
Rs.2550012,75013515765
Rs.2920014,60015476876
Rs.3540017,700187621062
Rs.4490022,450237971347
Rs.4760023,800252281428
Rs.5310026,550281431593
Rs.5610028050297331683
Rs.6770033850358812031
Rs.7880039400417642364
Rs.12310061550652433693
Rs.13110065550694833933
Rs.14420072100764264326