Saturday, May 12, 2012

Central D.A. from July 2012 ? We guess it for you !!

We all know that D.A is calculated on the average of AICPIN data for the last 12 months. The formula for calculating the D.A is Dearness Allowance = (Avg of AICPI for the past 12 months - 115.76)X100/115.76
We have data published by Labour Bureau, Govt. of India for Jan, Feb and march 2012 which stands at 198, 199, 201 respectively. So in order to calculate D.A. from July 2012 , data for three months (Apr, May, June'12) is required. Assuming the data is more or less same (in the range of 201(+/-) 2, for the following months, 6% rise in D.A. may be predicted. With this hike , total D.A. is likely to be 71% of Basic Pay with effect from July 2012.
It may kindly be noted that it is only an assumption based on the current trend.
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