Friday, November 1, 2013

Expected DA rate January ,2014 wef 01.01.2014 will be 100 percent-Increase 10 percent


on Friday, November 1, 2013

We have calculated the expected DA(dearness allowance ) wef 01.01.2014 (January,2014) and this is not a pure guess work  but based on real calculation and we have also explained the basis of of our calculations .

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 Governments  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.

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-14, get the average of monthly All India Consumer Price Index for industrial workers with the base year 2001=100 for the preceding 12 months (Jan,13 to December,2013)and apply the same in the following formula

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 Estimated DA rate wef January,2014 (01.01.2014), we need Price index average from January, 2013 to December,2013.

As per Labour Bureau, Department Statistics, Government of India website index for January 2013 to September ,2013 has already been declared .

Da (dearness allowance) Rates wef 01.01.2006 to 01.01.2014(expected) is given in the list below



Download DA rate Chart 01.01.2006 to 01.01.2014(Expected) as shown above

However Price Index from October ,2013 to December,2013 is yet to be declared.

So to estimate the DA rates wef January ,2014 we have to consider Price Index from October,2013 to December ,2013 on estimated basis . Further We will revise the Calculation as and when these months actual figures will be available.


Case-1

In First case we have added one each month in price index starting from October,2013 to December 2014. Though we think price index will be higher .

On the Basis of The assumption the total of price index from January 2013 to December 2013 will be 2783 and Avg for Last 12 months will be 231.92 .The calculation for dearness allowance (DA) wef January ,2014 is given as under.

Dearness allowance(DA rate) (01.01.2014)=(231.92-115.76)*100/115.76= 100.34%(ignore fraction)=100 %

The above calculation assures us  us that at least DA will be declared at 100% wef 01.01.2014 that is a Increase of  10  % from 90 % (wef 01.07.2013).

Further If  Sum of price index of Last twelve months remains with 2779-2792 then DA rate will remain 100% wef 01.01.2014

Case-2

In Second case we have added two each month in price index starting from October,2013 to December 2013. .

On the Basis of The assumption the total of price index from January 2013 to December 2013 will be 2789 and Avg for Last 12 months will be 232.42 .The calculation for dearness allowance (DA) wef January ,2014 is given as under.

Dearness allowance (01.01.2014)=(232.42-115.76)*100/115.76= 100.77%(ignore fraction)=100 %
The above calculation assures us  us that at least DA will be declared at 100% wef 01.01.2014 that is a Increase of  10  % from 90 % (wef 01.07.2013).

Further If  Sum of price index of Last twelve months remains with 2779-2792 then DA rate will remain 100% wef 01.01.2014

Case-3

In third case we have added three each month in price index in October, 2013 and December,2013 . 

On the Basis of The assumption the total of price index from January 2013 to December 2013 will be 2795 and Avg for Last 12 months will be 232.92 .The calculation for dearness allowance (DA) wef January ,2014 is given as under.

Dearness allowance (01.01.2014)=(232.92-115.76)*100/115.76=101.21%(ignore fraction)=101 %

The above calculation assures us  us that at least DA will be declared at 101% wef 01.01.2014 that is a Increase of  11  % from 90 % (wef 01.07.2013).

Further If  Sum of price index of Last twelve months remains with 2793-2806 then DA rate will remain 101% wef 01.01.2014

Case-4

In Forth case we have added four each month in price index starting from October,2013 to December 2013. Though we think price index will be lesser than this estimate.

On the Basis of The assumption the total of price index from January 2013 to December 2013 will be 2801 and Avg for Last 12 months will be 233.42 .The calculation for dearness allowance (DA) wef January ,2014 is given as under.

Dearness allowance (01.01.2014)=(233.42-115.76)*100/115.76=101.64%(ignore fraction)=101%

The above calculation assures us  us that at least DA will be declared at 101% wef 01.01.2014 that is a Increase of  11  % from 90 % (wef 01.07.2013).

Further If  Sum of price index of Last twelve months remains with 2793-2806 then DA rate will remain 11% wef 01.01.2014

Conclusion :Expected DA with effect from January ,2014 to be 100% (01.01.2014) 

From the above calculation most likely case will be case-1 and Case-2 .Case -3 and Case -4 can be ruled out due to high estimated .So balance left is 100 % ,both in case-1 and case-2
Keeping in View all circumstances and economic situation we expect sum total of price index of 1/2013 to 12/2013 in between range of 2779-2792 (Case-1 & 2) and Expected DA wef 01.01.2014 to 100%(10% Increase)

Please Comment about our above calculation and Record your estimated Price Index from 10/2013 to 12/2013 or sum total of price index 1/2013 to 12/2013 and DA rate wef 1/2014.

Tags: expected da from January,2014, Dearness allowance wef 01.01.2014, January 2014 da rate , tentative da rate from January,2014 , new da instalment , new rate of da , 10% increase in da from  January 2014, da 01/2014, da 1/2014, Dearness allowance for Central govt employees ,January 2014(01.01.14)

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  1. All that the GOVT.Employees think is that their PAY-PACKET became HEAVIER by 10% DA HIKE. They do not "see" the actual REALITY that their RUPEE VALUE is DEVALUED by 100% and things from the Ordinary MILK and KELA N BHAJI will SKYROCKET FASTER than the REALTY PRICES which are already way beyond ALL OF US. The already RICH will become SUPER RICH and the REST SUPER-POOR and there will be more CRIMES in INDIA...THAT's for sure.

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  2. DA DUE W E F 1-1-2014 IS 10% [90+10=100% ] GOVT OF INDIA & STATES KULDIP SINGH BHAKNA

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  3. I AM SURE BANK EMPLOYEES WILL ALSO COME UNDER THIS PURVIEW AUTOMATICALLY

    ReplyDelete
  4. DA DUE 1-1-2014 IS 10% CONFIREMED OR 11% [ 90%+10%=100% ] ALL CENTRAL GOVT EMPLOYEES
    GOVT OF INDIA & ALL STATES GOVT EMPLOYEES WITH THANKS KULDIP SINGH BHAKNA E7/500 NEW RANJIT PURA-1 CHHEHARTA-143105 [AMRITSAR ] PUNJAB

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