Wednesday, August 8, 2012

DA RATE WEF JULY 2012 TO BE 72% (7 % INCREASE) CONFIRMED


on Wednesday, August 8, 2012

We have calculated  the expected DA(dearness allowance ) wef 01.07.2012 (July,2012) and we have also explained that How DA can be estimated/calculated ?.DA for 01.04.2012 has already been declared at 65 %.. As the AICPI (index) for June 2012 is also available now . The calculation given below is confirmed and now it is only  formality from the govt to declare DA(dearness allowance ) wef 01.07.2012 to 72 %. Details is given below.

DA(dearness allowance rates are fixed on the basic of All India Consumer Price Index for industrial workers.Base year has been taken as 2001. This new DA rate system is adopted by Central and State Govts and public sector Under takings from 01.01.2006 with new pay scale as declared by the Pay commission . DA rates are to be announced half yearly basis and applicable from first of January and First of July.

Update (24.09.2012)
DA for Central Government Employees
The Union Cabinet today(24.09.2012) approved to release additional installment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners with effect from 01.07.2012, representing an increase of 7 per cent over the existing rate of 65 per cent of the Basic Pay/Pension, to compensate for price rise.

The increase is in accordance with the accepted formula, which is based on the recommendations of the 6th Central Pay Commission.

The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief would be of the order of Rs.7408.24 crore per annum and Rs. 4938.78 crore in the financial year 2012-2013 i.e. for a period of 8 months from July, 2012 to February, 2013.

Also Read :Expected Dearness allowance(DA) Rate wef January,2013 (01.01.2013) 



How to calculate Dearness Allowance from the year 2006:It is very simple ,suppose if you want to calculate Dearness Allowance with effect from Jan-12, get the average of monthly All India Consumer Price Index for industrial workers with the base year 2001=100 for the preceding 12 months and apply the same in the following formula


Dearness Allowance = (Avg of AICPI for the past 12 months - 115.76)*100/115.76

(ignore fractions)

Here 115.76 means average of price index from Jan 2005 to Dec 2005.

So to calculate July 2012 DA rate (to be announced) we need Price index average from July 2011 to June 2012.As per Labour Bureau, Department Statistics, Government of India website index for July 2011 to  June 2012 has already been declared . So from the calculation given below .It is confirmed that Da wef 01.07.2012 will be 72 % (i.e increase of 7 % from 01.01.2012 )

AICPI data for July 2011 to June ,2012


Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
total
AVG
193
194
197
198
199
197
198
199
201
205
206
208
2396
199.58


Calculation of Dearness rate Increase from July 2012 remains the same i.e 7 % and new dearness allowance from 01.07.2012 will be declared at 72 %.(100% sure) 

On the Basis of The assumption the calculation is given as under.

Dearness allowance (01.07.2012)=(199.58-115.76)*100/115.76=72.41 (ignore fraction)=72 %

so  DA rate from 01.07.2012 to be fixed at 72 % which is a increase of 7 % from previous rate of 65 % .




Note:DA rate Jan 2012 has been approved by the Cabinet.(read here) on 23.03.2012
Tags: expected da from july 2012, Dearness allowance wef 01.07.2012, july da rate , tentative da rate from july , new da installment , new rate of da , 7 % increase in da from july 2012, da 07/12, da 7/2012 

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  1. mr. finance minister(govt. of india)
    when the new da will be declared? pl hurry up

    ReplyDelete
  2. govt must declare the DA within first week of JAN and JULY

    ReplyDelete
  3. when the new DA will be declared ?

    ReplyDelete
  4. MR FINANCE MINISTER PLEASE HURRYUP TO DECLARE D.A HIKE FROM JULY 2012 AS THE PRICES OF ALL COMMODITIES HAD
    ALREDY BEEN HIKED

    ReplyDelete
  5. When it will be declared?

    ReplyDelete
  6. Sir, can you please publish the foreign allowance rates for Indians employed in various countries.

    ReplyDelete
  7. 7% DA is very less according to bazar prize hike

    ReplyDelete
  8. my name Rajesh Kumar, i Know to this da july 2012, When it will be declared? please send my mob 9413088517

    ReplyDelete
  9. My name Rajesh Kumar, please tell me this installedment july 2012 When it will be declared? my no 9413088517 please send me this information

    ReplyDelete
  10. When it will be declared?

    Reply my no 9413088517

    ReplyDelete
    Replies
    1. How we can tell you , it is govt affair and only govt can decide the same , In our view it will be declared in first week on October

      Delete
  11. Increase more DA for defence person in comparison of civilian employee


    ReplyDelete
  12. milega, arrer ban kar to milega.. as diwali bonus

    ReplyDelete
  13. Dear Sir's
    DA Calculation system is far away from the fact's of market,it's just like OOTh Ke Mukh men JEERA.It should be like MP's salaries hike,with in no time no formula no system no discussion no permission no period, Why ?

    With Regards
    Dr Amar Singh Yadav (Retd JCo Arty)
    A Nationalist

    ReplyDelete
  14. Expected D.A. is very less. It should be 10% as per Consumer Price Index which was more than 10% during the month of June,12 and July, 12 and now more than 12%.

    ReplyDelete