Expected DA Calculator July 2024 for Central Govt Employees
AICPIN for February, March & April 2024 Released Today!
After a long period of waiting, the Labour Bureau finally released the much-anticipated press releases for February, March, and April 2024 today. These pending updates, which had been eagerly awaited by many, were finally made public by the central government without a clear explanation for the delay provided by the Labour Bureau. In the latest reports, the AICPIN points for February, 2024 saw a modest increase of 0.3 points, bringing the index to 139.2. However, there was a slight decrease in the All-India CPI-IW for March, 2024, as it dropped by 0.3 points to 138.9. Moving forward to April, 2024, the All-India CPI-IW experienced a rise of 0.5 points, reaching a total of 139.4.
Expected DA from July 2024 Increase: 53%
According to the current scenario, the All India Consumer Price Index (AICPIN) points have shown high volatility and minimal increases in February, March, and April 2024. Based on our analysis, it is projected that the Dearness Allowance for central government employees and pensioners will see a modest increase of 3% starting from July 2024.
Online Expected DA Calculator July 2024: The upcoming installment of ‘Projected DA for July 2024’ is now available. This calculation commences with the AICPIN figures for January 2024 and concludes with the AICPIN statistics for December 2024. It is anticipated to be the most significant salary raise for government employees and retirees in India as part of the biannual Dearness Allowance adjustment. To facilitate this process, we have developed a user-friendly online utility for determining the projected percentage increase in Dearness Allowance effective from July 1, 2024. Should you wish to explore this further, kindly input your hypothetical AICPIN data in the designated field. The tool will promptly reveal the corresponding DA percentage.
Expected DA Calculator July 2024 Overview
Subject | Dearness Allowance |
Calculator | Expected DA |
Mode | Online |
Effective From | 1.7.2024 |
Beneficiaries | Central Govt Employees |
Updated | 29.2.2024 |
DA Calculation from July 2024
Every year, on the 1st of January and the 1st of July, a specific percentage of Dearness Allowance is granted to all categories of government employees, pensioners, and family pensioners in India. It is a highly anticipated event as it brings with it the promise of a better financial future. And now, the time has come for the calculation of Dearness Allowance from July 2024. The first installment of this allowance, with effect from January 2024, is all set to be released. The Dearness Allowance has reached a remarkable stage, touching the milestone of 50%.
July 2024 DA Calculator
The July 2024 DA Calculator holds the key to the future, providing employees and pensioners with a glimpse of the financial benefits that await them. It is a tool that will help them plan their finances and make informed decisions. Based on the present circumstances, it is anticipated that the Dearness Allowance may see a 4% increase from the current rate in July 2024, reaching a favorable level of 54%.
DA Calculation Table for July 2024
M/Y | AICPIN | DA% |
Jan-2024 | 138.9 | 50.85% |
Feb-2024 | 139.2 | 51.46% |
Mar-2024 | 138.9 | 51.97% |
Apr-2024 | 139.4 | 52.45% |
May-2024 | 000.0 | – |
Jun-2024 | 000.0 | – |
1st Step is completed for DA July 2024
The initial phase of calculating Dearness Allowance (DA) effective from July 1, 2024, has been finalized using the January 2024 All India Consumer Price Index (AICPIN) data. The Consumer Price Index for Industrial Workers (CPI-IW) for the year 2016 has risen by 0.1 point, resulting in a confirmed value of 138.9. In accordance with the formula for DA calculation outlined by the 7th Central Pay Commission, the Dearness Allowance percentage has been adjusted to 50.85%.
Expected DA Calculator July 2024 Online
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Why new AICPIN IS NOT SHOWING IN TABLE OF CALCULATER
DA from july 2024 will be 53% only.