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Expected DA Calculator for July 2024 – 53% Confirmed – Cabinet Approve Next Week!

July 2024 Expected DA Calculator | 53% for CG Employees | Cabinet Approve DA Hike in September!

After the official release of the All-India Consumer Price Index Number (AICPIN) for the month of June, it has been confirmed that the Dearness Allowance (DA) calculation is set to increase significantly by 3% from the existing rates, which is certainly good news for employees. This new DA hike, bringing the total allowance to an impressive 53%, is anticipated to receive approval from the Union Cabinet Committee in their next scheduled meeting. Once the Cabinet grants this crucial approval, the DA payment will be disbursed seamlessly alongside the salary slip for the month of September, providing much-needed financial relief to employees. Additionally, pensioners and family pensioners alike can expect to receive their revised pension amounts directly deposited into their bank accounts in the same month, ensuring that they too benefit from this favorable adjustment.

  • Existing DA Rate = 50%
  • Additional DA Rate = 3%
  • Revised DA Rate = 53%

DA Calculator July 2024: Expected DA Calculator from July 2024 for Central Government Employees. This tool serves to anticipate the Dearness Allowance for the forthcoming installment, a significant element of the compensation structure for Central Government employees, pensioners, and family pensioners. The calculation of Dearness Allowance (DA) is dependent on the basic salary or pension amount and undergoes revision biannually.

Expected DA Calculator 2024 Overview Dates

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 DA?

The calculation of Dearness Allowance (DA) for Central government employees and pensioners is in accordance with the guidelines established by the 7th Pay Commission. The process involves a straightforward formula, detailed below, along with a step-by-step explanation of how to conduct the calculation.

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

The computation of Dearness Allowance (DA) depends on two primary factors. The first factor is the Current Consumer Price Index, which is released on a monthly basis by the Labour Bureau. The second factor is the Average Consumer Price Index, which reflects the average index from the preceding period of CPI (IW) BY-2001.

In September 2020, the base year for the CPI index was revised from 2001 to 2016. To determine the Dearness Allowance (DA), the initial step involves adjusting the AICPIN data to correspond with the updated base year before proceeding with the calculation process.

Expected DA Calculator July 2024

MonthCPI 2001CPI 2016DA%
Jan-2024400138.950.72
Feb-2024401139.251.31
Mar-2024400138.951.83
Apr-2024401139.451.31
May-2024403139.952.78
Jun-2024407141.453.36

Explaining the Importance of AICPIN for Calculating DA

The Consumer Price Index for Industrial Workers (CPI-IW) serves as a crucial element in determining the Dearness Allowance (DA) for employees and pensioners of the Central Government. The latest version of CPI-IW, based on the year 2016=100, is utilized in the computation of DA. Data pertaining to the previous month is disclosed by the Labour Bureau on the final day of each month. To ascertain the DA percentage for the present month, it is necessary to consider the AICPIN figures from the preceding 12 months, which includes the current month. The following steps outline a straightforward method to perform this calculation.

How to Calculate Expected DA July 2024 | Step-by-Step Guide

The process of calculating the Expected Dearness Allowance (DA) is a straightforward one, contingent upon the Consumer Price Index (CPI) data accumulated over the previous 12 months. This data is vital for applying the formula established by the 7th Pay Commission, which has been operational since 2016.

  • In order to determine the Dearness Allowance (DA) for January 2024, a thorough examination of the All India Consumer Price Index for Industrial Workers (AICPIN) data spanning from January 2023 to December 2023 is imperative, encompassing a full year.
  • It is essential to compute the average of this dataset. Subsequently, utilizing the specified Fitment Factor of 261.42, the surplus value of the Fitment Factor needs to be calculated.
  • Once this final figure is obtained and rounded off to the nearest whole number without decimal points, it signifies the percentage equivalent of the Dearness Allowance (DA).
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 – Easily Calculate Your DA

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%

July 2024 DA Calculation: 6 Stages for Jan-Jul 2024

The calculation of Dearness Allowance (DA) starting from July 2024 is facing significant challenges due to the inaccurate release of data crucial for calculating the All India Consumer Price Index for Industrial Workers (AICPIN) by the Labour Bureau. These delays have caused uncertainties in determining the DA for July 2024. It is expected that the issues hindering the calculation process will be addressed as more information becomes available in the coming days.

The initial phase of calculating Dearness Allowance (DA) for Central Government employees and pensioners effective from July 2024 has been successfully completed, resulting in a DA percentage increase to 50.85% as per the formula stipulated by the 7th Pay Commission.

However, the progression to the second stage has been postponed due to the non-timely publication of the AICPIN data for February 2024 by the Labour Bureau, which was scheduled for release on March 28, 2024. For further information, please consult the provided link for more insights.

The third stage of the process is set to be finalized by April 30, 2024. Nevertheless, the Labour Bureau has yet to release the AICPIN data according to the designated timeline, leading to pending calculations for Dearness Allowance (DA) pertaining to February and March 2024.

Curious about the upcoming increase in Dearness Allowance (DA) for government staff starting July 2024?

Anticipation is building for central government personnel, pensioners, and family pensioners, particularly within the Railways and Armed Forces, as a 3% hike in Dearness Allowance (DA) tied to basic pay is set to kick in on July 1, 2024! This isn’t just a rumor; it stems from the computations provided by the 7th pay commission. Curious about how this increase will impact an employee’s earnings starting July 1, 2024? Let’s delve into an illustrative example to uncover the details.

Basic PayCurrent 50%Expected 53%Hike in DA
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