How is basic DA calculated?
The current rate of Dearness allowance multiply with your basic salary is Dearness allowance. For example, the existing rate of percentage is 12%, if your basic salary is Rs. 49000. The DA is (49000 x 12) /100.
What is the formula for 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 is da calculated in India?
Calculation of Dearness Allowance
- For Central Government employees: Dearness Allowance % = ((Average of AICPI (Base Year 2001=100) for the past 12 months -115.76)/115.76) *100.
- For Central public sector employees: Dearness Allowance % = ((Average of AICPI (Base Year 2001=100) for the past 3 months -126.33)/126.33) *100.
How do you calculate DA base year 2016?
Calculation sheet
- Dearness Allowance %= {(Average of AICPI(Base year 2001=100) for the past 12 months – 115.77)/115.77}*100.
- DA = (A – 261.4)*100/(261.4) Where A = Avg of CPI-IW (base 2016=100) for the past 12 months x linking factor of 2.88.
What is the DA of basic salary?
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.
What was DA in Dec 2015?
Dearness Allowance Rates (DA Rates)
| Effective Rates | Rates of DA | |
|---|---|---|
| 01.07.2014 | 107% | DA OM |
| 01.01.2015 | 113% | DA OM |
| 01.07.2015 | 119% | DA OM |
| 01.01.2016 | 125% | DA OM |
How DA is calculated in salary with example?
For example: Suppose an employee was getting Rs 100 as basic pay. The DA amount at 17 per cent rate for him was Rs 17. Now, the total DA he will get will be 28 per cent of Rs 100 i.e. Rs 28. The minimum basic pay recommended for Central Government Employees at the entry-level by the 7th Pay Commission is Rs 18,000.
How much is the DA in July 2017?
ll(B) dated 30th March, 2017 on the subject mentioned above and to say that the President is pleased to decide that the Dearness Allowance to Central Government employees shall be enhanced from the existing rate of 4% to 5% of the basic pay per month, with effect from 1st July, 2017.
How to calculate Dearness Allowance?
Dearness Allowance % = ( (Average of AICPI (Base Year 2001=100) for the past 12 months -115.76)/115.76)*100 Dearness Allowance % = ( (Average of AICPI (Base Year 2001=100) for the past 3 months -126.33)/126.33)*100 Where, AICPI stands for All-India Consumer Price Index.
What is the increase in dearness allowance under new development budget?
It came out as a big relief to employees working under the central government when they witnessed an increase in the DA under the New Development Budget. As per the new budget, the announcement was made by the Union Cabinet that there is an increase in dearness allowance for the employees working under the central government.
Is Dearness Allowance (Dar) taxable?
According to the Assessment Year 2017-18, Dearness Allowance is fully taxable for individuals who are salaried employees.