What Is The DA Rate?

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 da law?

In the United States, a district attorney (DA), state’s attorney or state attorney is the chief prosecutor representing a U.S. state in a local government area, typically a county. … The prosecutors decide what criminal charges to bring, and when and where a person will answer to those charges.

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 .

What is the DA of Central Govt Employees?

At present, central government employees get DA of 17 per cent. This level of DA became effective from July 2019 with further revision due from January 2020.

How is Da pension calculated?

The formulae for calculating dearness allowance are as under: For central government employees: DA% = ((Average of AICPI (Base Year 2001=100) for the past 12 months -115.76)/115.76)100 For central public sector employees: DA% = ((Average of AICPI (Base Year 2001=100) for the past 3 months -126.33)/126.33)100 Here, …

What is the salary of 4200 grade pay?

7th pay commission pay matrixPay Matrix (Civilian Employees)Pay Band5200-202009300-34800Grade Pay18004200Entry Pay (EP)700013500Level0001000629 more rows•Jun 29, 2016

What is DA in 2019?

The hike announced for government employees would enhance their DA from the existing 6.50 per cent to 11.25 per cent of the basic pay, an order issued by the state Finance Department said. The hike would come into retrospective effect from July 1, 2019.

What is DA & DR?

Providing big relief to the central government employees and retired pensioners, the government has decided to restore their three pending installments of Dearness Allowance (DA) and Dearness Relief (DR) from July.

What is the retirement age of Central govt employees?

Notably, the state government had in May last year increased the retirement age of government employees to 59 from 58 years. The gesture from the state government came into immediate effect and the government came out with an order (GO) to give effect to the chief minister’s announcement.

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 …

What is freezing of DA?

Govt Announces Freezing Of Dearness Allowance (DA) Hike For CPSE Employees. … The decision to freeze increment in DA for about 50 lakh central government employees and 61 lakh pensioners till July 2021 was taken by the finance ministry in April, in light of the COVID-19 crisis.

What is expected DA from Jan 2020?

Recently the government announced the new series of CPI for industrial workers (CPI-IW) with a new base year of (2016-100)….Expected DA from January 2021 is 27%Current Rate of DA % is17%Hike in DA as on January 2020 is 4% (17%+4%)21%Hike in DA as on July 2020 DA is 3% (21+3)24%2 more rows

What is Da rate from Jan 2019?

The Cabinet has approved additional DA of 3% over the existing rate of 9% to government employees and dearness relief to pensioners from 1 January 2019, Finance Minister Arun Jaitley told reporters after the Cabinet meeting. The hike will benefit about 48.41 lakh central government employees and 62.03 lakh pensioners.

What is Da rate from July 2019?

DA (Dearness Allowance) Calculation Based on AICPINMonth & YearAICPIN (B.Y. 2000 = 100)DA PercentageDecember 2018301140.81January 2019June 2019316147.82July 201951 more rows

How much is the DA in July 2021?

The center has announced that central government employees’ DA will be restored from July 2021. That means, from 1st July 2021, central government employees’ applicable DA will be 28 per cent (3 per cent for January to June 2020, 4 per cent for July to December 2020 and expected 4 per cent from Jan to June 2021).

What is da slab?

DA for Bank employees is revised every quarter, which increases or decreases based on the CPI (Consumer Price Index, CPI is released by Ministry of Labour, Govt. of India on monthly basis based on year 2001). … According to this calculation, the DA slab for next quarter will be 455 on which 0.10% is payable as DA.