Dear Central Government Employees, if you’re looking to calculate the expected Dearness Allowance (DA) for the period starting from July 2024, here’s a comprehensive guide to help you estimate it. The DA is typically revised biannually in January and July, and it’s based on the All India Consumer Price Index for Industrial Workers (AICPI-IW).
The Step-by-Step Guide to Calculate Expected DA for any instalments in a particular year is provided below
Step-by-Step Guide to Calculate Expected DA :
Understand the DA Calculation Formula
The DA calculation formula for Central Government employees is: DA (%) =(12 Months Average AICPIN−261.42)/261.42) x 100
Where 261.42 is the base index value as per the 7th Pay Commission.
Determine the Average AICPIN:
The AICPI data for the 12 months leading up to June 2024 are needed to Calculate DA rate for July 2024. This includes data from January to June 2024.
Collect AICPI Data:
Obtain the AICPI numbers from here or official sources such as the Labour Bureau or related government releases. Here’s how to find the average:
AICPI Points for July 2024 DA calculation:
- July 2023 = 139.7
- August 2023 = 139.2
- September 2023 = 137.5
- October 2023 = 138.4
- November 2023 = 139.1
- December 2023 = 138.8
- January 2024: 348 = 138.9
- February 2024 = 139.2
- March 2024 = 138.9
- April 2024 = 139. 4
- May 2024 = –
- June 2024 = –
Calculate the average of these 12 months.
Add the indices for these 12 months and divide by 12.
Compute the DA Percentage:
Plug this average into the formula to get the new DA percentage.
Online DA calculator for July 2024
Here a Calculator is provided below to Calculate the rate of DA from July 2024
| Month/ Year | CPI(IW) BY2016=100 |
DA% Monthly Increase |
| July 2023 | 139.7 | |
| August 2023 | 139.2 | |
| September 2023 | 137.5 | |
| October 2023 | 138.4 | |
| November 2023 | 139.1 | |
| December 2023 | 138.8 | |
| January 2024 | 138.9 | |
| February 2024 | 139.2 | |
| March 2024 | 138.9 | |
| April 2024 | 139.4 | |
| May 2024 | ||
| June 2024 |
| Expected DA from July 2024 |
|---|
Thus, the expected DA from July 2024 would be approximately 53.77%. To simplify, round it off to 35%.
Important Notes:
Official Confirmation: The exact DA percentage will be confirmed by the government. This guide provides an estimate based on the available AICPI data.
Variable Factors: The AICPI is subject to change, so the final DA could be different if the AICPI values for subsequent months vary.
By following this guide, you should be able to estimate the expected DA for July 2024 effectively.
