Know how D.A. is calculated for Bankers? Know DA history

                                            

1. Labour Department will release Consumer Price Index (No.) every month ,based on year 2001.

2. Jan,Feb,March is one quarter. likewise there are 4 quarters.

3. Difference between average CPI over average of previous quarter is called increase.

4. Bank Dearness Allowance(DA) is calculated on CPI based on year 1960.

5. Conversion factor to year 2001  is  Index No.* 4.63 * 4.93

6. For every increase of 4 points 1 slab at the rate of 0.15% is given as D.A

7. Since every month’s CPI is announced on the last day of next month Dearness Allowance(DA) is given effect on the subsequent month. i.e 2 months later.

Check also - Know DA History 

EXAMPLE: 

Calculate Dearness Allowance(DA) for Feb 2012:

APR   MAY  JUN  JULY  AUG  SEP  OCT  NOV   DEC -2011

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  186    187     189     193     194    197    198    199      197

--------------------------------------------------------------------------- -------

Average of Oct,Nov,Dec 2011                     =(198+199+197) * 4.93 * 4.63 / 3

On conversion =Average O N D 2011        = 4519.53 

DA already paid for Nov. 2011(i.e average of Jul,Aug,Sep) = 401 slabs = 401 * 4 + 2836  = 4440.00   (2836 is already merged point in 9th B,P)

Increase    4519.53 - 4440 = 79.53    

Slabs    =79.53 / 4 = 19.88 = 19

(ONLY WHOLE NUMBERS ARE TAKEN. DECIMALS ADJUSTED IN THE NEXT MONTH )

HENCE INCREASE FOR Feb 2012 is 19 * 0.15=2.85% of (B.P+SPL.ALLOW.+PQP) 

Total Dearness Allowance(DA) for Feb,Mar,Apr 2012 = 401+19 = 420 slabs = 60.15%+2.85% = 63%

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D.A. History:

                                                                         

Month	Slabs	Percentage(%)
Nov,Dec, 2007 & Jan 2008	40	6.00
Feb,Mar,Apr    2008	55	8.25
May,Jun,July   2008	63	9.45
Aug,Sep,Oct     2008	84	12.60
Nov,Dec, 2008 &Jan 2009	116	17.40
Feb,Mar,Apr    2009	133	19.95
May,Jun,July   2009	135	20.25
Aug,Sep,Oct     2009	154	23.10
Nov,Dec, 2009 & Jan 2010	213	31.95
Feb,Mar,Apr    2010	245	36.75
May,June,July  2010	264	39.60
Aug,Sep,Oct     2010	272	40.80
Nov,Dec,2010 & Jan 2011	308	46.20
Feb,Mar,Apr    2011	333	49.95
May,Jun,July   2011	352	52.80
Aug,Sep,Oct     2011	360	54.00
Nov,Dec, 2011 & Jan 2012	401	60.15
Feb,Mar,Apr    2012	420	63.00
May,June,July  2012	428	64.20
Aug,Sep,Oct     2012	468	70.20
Nov,Dec. 2012 & Jan 2013	510	76.50   10.90
Feb,Mar,Apr  2013	535	80.25   13.40
May,June,Jul  2013	561	84.15   16.00
Aug,Sep,Oct  2013	593	88.95   19.20
Nov,Dec, 2013 & Jan 2014	641	96.15   24.00
Feb, Mar, Apr 2014	666	99.60    26.50
May,June,July 2014	650	97.50    24.90
Aug,Sep,Oct 2014	683	102.45  28.20
Nov,Dec 2014&Jan 2015	732	109.80  33.10
Feb,Mar,Apri 2015	734	110.10  33.30
May, Jun,July 2015	337	33.70
Aug,Sep,Oct  2015	364	36.40
Nov, Dec 2015 & Jan 2016	398	39.80
Feb, Mar, Apr 2016	426	42.60
May, Jun, Jul 2016	419	41.90
Aug, Sep, Oct 2016	455	45.50
Nov, Dec 2016 & Jan 2017	478	47.80
Feb, Mar, Apr 2017	469	46.90
May, Jun, Jul 2017	456	45.60
Aug, Sep, Oct 2017	478	47.80
Nov, Dec 2017 & Jan 2018	516	51.60
Feb, Mar, Apr 2018	527	52.70
May, Jun, Jul 2018	529	52.90
Aug, Sep, Oct 2018	541	54.10
Nov, Dec 2018 & Jan 2019	607	60.70
Feb, Mar, Apr 2019	611	61.10
May, Jun, Jul 2019	645	64.50
Aug, Sep, Oct 2019	681	68.10
Nov, Dec 2019 & Jan 2020	717	71.70
Feb, Mar, Apr 2020	759	75.90