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
Topic | Expected DA Calculator |
Beneficiaries | CG Employees & Pensioners |
AICPIN | All India Consumer Price Index Number |
CPI-2001 | AICPIN (IW) BY 2001 |
CPI-2016 | AICPIN (IW) BY 2016 |
Formula | 7th Pay Commission |
Release Date | January & July of Every Year |
Current DA Rate | 50% from January 2024 |
Expected DA Rate | 53% from July 2024 |
Home Page | Click Here |
Table of Contents
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
Month | CPI 2001 | CPI 2016 | DA% |
Jan-2024 | 400 | 138.9 | 50.85 |
Feb-2024 | 401 | 139.2 | 51.46 |
Mar-2024 | 400 | 138.9 | 51.97 |
Apr-2024 | 401 | 139.4 | 52.45 |
May-2024 | 403 | 139.9 | 52.93 |
Jun-2024 | 403 | 139.9 | 53.25 |
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).
Month | AICPIN 2016 | AICPIN 2001 |
Jan-2023 | 132.8 | 382 |
Feb-2023 | 132.7 | 382 |
Mar-2023 | 133.3 | 384 |
Apr-2023 | 134.2 | 386 |
May-2023 | 134.7 | 388 |
Jun-2023 | 136.4 | 393 |
Jul-2023 | 139.7 | 402 |
Aug-2023 | 139.2 | 401 |
Sep-2023 | 137.5 | 396 |
Oct-2023 | 138.4 | 399 |
Nov-2023 | 139.1 | 401 |
Dec-2023 | 138.8 | 400 |
12 Months Total | 4714 | |
12 Months Average | 1636.8 | |
% Increase Over 261.42 | 50.26 | |
Jan 2024 DA% | 50 |
DA Calculation Sheet – Calculate Your DA with Ease!
Month/Year | DA% |
July 2025 | 62% |
January 2025 | 58% |
July 2024 | 53% |
January 2024 | 50% |
July 2023 | 46% |
January 2023 | 42% |
July 2022 | 38% |
January 2022 | 34% |
July 2021 | 31% |
January 2021 | 28% (Paid from July-21) |
July 2020 | 24% (Not Paid) |
January 2020 | 21% (Not Paid) |
July 2019 | 17% |
January 2019 | 12% |
July 2018 | 9% |
January 2018 | 7% |
July 2017 | 5% |
January 2017 | 4% |
July 2016 | 2% |
January 2016 | 0% |