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Expected DA for July 2024: 53% Waiting for Cabinet Approval!

CG Employees: Expected DA Calculator for July 2024 | 53% Dearness Allowance Confirmed | Waiting for Cabinet Approval

The much-anticipated announcement regarding the confirmation of a 53% Dearness Allowance for Central Government employees and pensioners has been made, effective from the date of July 1, 2024. However, this significant increase is still pending final approval from the Cabinet, which is expected to finalize the decision in the coming weeks. This increase in the Dearness Allowance is designed to help offset inflation and improve the financial well-being of those who have dedicated their careers to public service, ensuring that they can maintain a reasonable standard of living amidst rising costs.

Expected DA Calculator from July 2024 for CG Employees: Anticipated DA Estimator for July 2024 – Central Government Staff: This tool forecasts the Dearness Allowance for the forthcoming period, pivotal for the remuneration of Central Government workers, retirees, and beneficiaries. The DA is determined in relation to the fundamental salary or pension, with adjustments scheduled biannually.

Expected DA Calculation Overview – July 2024

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 Dearness Allowance (DA)?

Calculating the Dearness Allowance for Central government employees and pensioners complies with the regulations established by the 7th Pay Commission. The method is simple, following the formula presented here, along with comprehensive instructions on executing the computation.

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

Determining the Dearness Allowance (DA) involves considering two essential elements. One factor is the monthly release of the Current Consumer Price Index by the Labour Bureau. The second factor encompasses the Average Consumer Price Index, reflecting the mean index from the preceding period of CPI (IW) BY-2001.

The transition of the base year for the CPI index occurred in September 2020, shifting from 2001 to 2016. The initial phase to compute the Dearness Allowance (DA) entails recalibrating the AICPIN data to correspond with the updated base year before advancing with the calculation process.

Expected DA Calculator July 2024

MonthCPI 2001CPI 2016DA%
Jan-2024400138.950.85
Feb-2024401139.251.46
Mar-2024400138.951.97
Apr-2024401139.452.45
May-2024403139.952.93
Jun-2024403139.953.25

AICPIN: Importance of Calculating DA Explained

Deciphering AICPIN: Significance in Deriving DA: AICPIN plays a crucial role in determining the Dearness Allowance for employees and retirees under the Central Government. The most recent version utilized for computing DA is the CPI (Consumer Price Index) for Industrial Workers with Base Year 2016=100. Data for the month prior is disclosed by the Labour Bureau on the final day of each month. To ascertain the DA percentage for the ongoing month, it is essential to retain the AICPIN figures from the preceding 12 months, inclusive of the present month. The following simple steps outline how to perform this calculation.

Calculate Expected DA July 2024 | Easy Step-by-Step Guide

Determining the Expected Dearness Allowance (DA) involves a simple process that relies on the Consumer Price Index (CPI) data from the previous 12 months. This data is vital for applying the formula specified by the 7th Pay Commission, which has been active since 2016.

  • To calculate the Dearness Allowance (DA) for January 2024, it is necessary to examine the All India Consumer Price Index for Industrial Workers (AICPIN) data from January 2023 to December 2023, spanning a year.
  • The mean of this data needs to be calculated. Then, using the Fitment Factor of 261.42, the surplus value of the Fitment Factor must be determined.
  • When this final number is rounded to the nearest whole number, it signifies the percentage of 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 – Calculate Your DA with Ease!

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%