How is DA arrears of salary calculated?
DA is calculated based on their basic salary and the DR is calculated based on their basic pension. For example, if an employee’s basic salary is 18000 and if a pensioner’s basic pension is 9000, then the calculation of DA and DR will be as follows: Basic Salary: 18000 x 34% = 6120. Basic Pension: 9000 x 34% = 3060.
What will be expected DA in July 2021?
2020 and 01.01. 2021, were frozen and to say that the President is pleased to decide that the Dearness Allowance payable to Central Government employees shall be enhanced from the existing rate of 17% to 28% of the basic pay with effect from 1st July, 2021.
What will be DA from Jan 2022?
The Dearness Relief admissible to Central Government pensioners/family pensioners shall be enhanced from the existing rate of 31 per cent to 34 per cent effective from January 1, 2022.
What is the formula for calculating DA?
The formulae for calculating dearness allowance are as under: For central government employees: DA% = ((Average of AICPI (Base Year 2001=100) for the past 12 months -115.76)/115.76)100 For central public sector employees: DA% = ((Average of AICPI (Base Year 2001=100) for the past 3 months -126.33)/126.33)100 Here.
How to calculate DA hike?
DA hike calculation: How much your salary will increase If a central government staff gets ₹18,000 every month, the DA in his salary will increase by 3%. With 34% DA, the employee will see a jump of ₹6,120 in the monthly salary. The DA is linked to the basic salary.
Will DA increase in July 2021?
“The rate of DA (dearness allowance) admissible to railway employees of above category shall be enhanced from the existing rate of 189 per cent to 196 per cent with effect from July 1, 2021, and from 196 per cent to 203 per cent with effect from January 1, 2022,” the Ministry of Railways said in the notification …
What will be the DA after June 2021?
“….the Dearness Allowance payable to central government employees shall be enhanced from the existing rate of 28 per cent to 31 per cent of the basic pay with effect from July 1, 2021,” the expenditure department of the finance ministry said in an office memorandum on October 25.
How do you calculate DA variable?
What is the percentage of DA on basic salary?
50%
Ever since the revision of the calculation formula, the DA for public sector and central government employees has been consistently rising. Presently, it stands at 50% of the basic salary.
How is DA 2021 calculated?
As per the 7th pay commission recommendations, subtract the factor of 261.4 with 12 months average of AICPIN and again divide by the 261.4 and multiply with 100. The whole number (without decimal) is DA percentage.
What about DA arrears for 18 months?
It is expected that a one-time settlement of 18 months DA arrears will also crop up during the meeting. The Dearness Allowance and Dearness Relief of Central government employees and pensioners were restored to 31% from 17% from October 2021, however the arrears have not been deposited as yet.
What will be next DA?
The Union Cabinet on Wednesday approved a 34% Dearness Allowance (DA) to the central government employees and Dearness Relief for pensioners. The decision to increase the DA by 3% will be effective 1 January, 2022. The new rate of dearness allowance will now be 34% from 31% earlier.
What will be DA in 2021?
How many DA are in July 2021?
In July 2021, the Centre hiked the DA by 11 per cent to 28 per cent. It was earlier paid at the rate of 17 per cent.
How is DA calculated for industrial workers?
According to Clear Tax, dearness allowance is calculated as per the following formula: For the central government employees of % of DA = {(Average of the All-India Consumer Price Index (Base year -2001 =100) for the last 12 months -115.76)/115.76} x 100For Central Public Sector Employees % of DA = {(Average of the All- …
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