What Is The Expected DA From January 2020?

What is the expected DA from July 2020?

DA hike 25% from July 2020 As per the Government decision, of Dearness Allowance and Dearness Relief due from 1st July 2021 will be subsumed in the cumulative revised rate.

In this regard, all central government employees expect that DA hike may increase up to 25% from July 2020 ..

How is Aicpin calculated?

AICPIN Linking Factor (Conversion Factor) is 2.88 As per the new price index series 2016, the AICPIN converted to 2001 Series by the linking factor of 2.88: September AICPIN = 118.1 x 2.88 = 340.12. October AICPIN = 119.5 x 2.88 = 344.16. November AICPIN = 119.9 x 2.88 = 345.31.

When DA for central govt employees will be announced?

The Union Cabinet had, in March 2020, approved the release of additional instalment of DA to central government employees and Dearness Relief (DR) to pensioners with effect from January 1, 2020. The latest hike by the government will increase the DA to 21 per cent from the existing 17 per cent.

What is the DA rate?

Improvement in DA rates Currently, it is 21 per cent. Central government pensioners also have huge expectation from the government as DA and DR had been frozen since July 2020.

What is the DA from July 2018?

DA (Dearness Allowance) Calculation Based on AICPINMonth & YearAICPIN (B.Y. 2000 = 100)Sanctioned by Govt.June 2018291July 20189%December 2018301January 201912%51 more rows

What is good news for central govt employees?

Earlier, due to the COVID-19 pandemic, the Central Government had declared relaxation in the Leave Travel Concession (LTC) Scheme allowing the central government employees to claim income tax benefits on expenses made between October 12, 2020, to March 31, 2021, on purchase of goods and services that attract GST rate …

Is Da declared for central govt employees?

The DA for central government employees currently stands at 17% as the government withheld the 4% promised hike till July 2021. … Additional instalments of DA & DR from 1 July 2020 & 1 Jan 2021 shall also not be paid,” the finance ministry said last year in a circular declaring a temporary hold on the hike.

What is the current DA rate for bank employees?

81.9%As per current updates, the new total Dearness Allowance for Bank employees is 81.9% which is calculated on the basis of Bank employee basic salary, wherein this quarter, the DA for public sector bank employees do hold an increase of 4.4% Dearness Allowance in their salary from November 20 to January 2021 which boost …

Is Da part of basic salary?

Dearness allowance is calculated as a specific percentage of the basic salary which is then added to the basic salary along with other components like HRA (House Rent Allowance) to make up the total salary of an employee of the government sector.

How DA is calculated in bank salary?

The DA rate is at 0.10% per slab as decided in the X BPS. So, DA percentage on 455 slabs at 0.10% = 455 x 0.10% = 45.50%. According to this calculation, the DA slab for next quarter will be 455 on which 0.10% is payable as DA. So DA payable for next quarter (Aug to Oct 16) will be 45.50%.

What is DA in salary?

However, after around five years of the 7th CPC inception, a central government employee’s monthly salary has risen a lot, especially after the Dearness Allowance (DA) announcement after every six months, Travel Allowance (TA) rising in sync with the DA and other allowances too rising with the passage of time.

What is the current DA for Kerala government employees?

% of D.ATotal D.Aw.e.f1027501/07/20181128601/01/20191730301/07/20191732001/01/202059 more rows

What is DA for?

DA is a cost of living adjustment allowance paid to the government employees, public sector employees and pensioners. This component of your salary break-up is calculated as a percentage of basic salary to mitigate the impact of inflation.

What is the difference between TA and DA?

Q3: What is the main Difference Between TA & DA? TA is given to a working employee to cover their travelling expenses and DA is the amount of money paid to employees so that they can adjust their living expenses.

What is DA in salary for private employees?

DA or dearness allowance is calculated as a specific percentage of the basic salary which is then added to the basic salary along with other components like HRA (House Rent Allowance) to make up the total salary of an employee of the government sector.

How is basic salary calculated?

What Is Basic Salary? Definition, Formula & Income TaxAnnual Basic = Monthly Basic X 12.Gross Pay = Basic + DA + HRA + Conveyance + Medical + Other.Basic = Gross Pay – DA – HRA – Conveyance – Medical – Other.Basic = Gross Pay X Percentage.

What is the expected DA?

So, once the government unfreezes the DA, the central government employees will get a 4 per cent DA hike for the period January to June 2020. Besides, the DA for the July-December 2020 period is also expected to be around 4 per cent following 7th Pay Commission recommendation.