AICPIN June 2019: Expected DA July 2019 Calculation will be over by tomorrow!
AICPIN FOR THE MONTH OF JUNE 2019
6 MONTHS’ STORY OF ‘EXPECTED DA JULY 2019’ COMES TO AN END!
All India Consumer Price Index (AICPIN) for the month of June 2019 will be released on 31.7.2019 by the Labour Bureau under Ministry of Labour and Employment.
7th CPC DA Calculation: There was no change in the calculation method of Dearness allowance after implementation of 7th Pay Commission with effect from 1.1.2016. The 12 months’ average factor only changed. In 6th CPC the average factor was 115.76 and now the factor is 261.42.
The new formula is given below…
Percentage of Dearness Allowance = (Average of AICPN for last 12 months) – 261.42 x 100 / 261.42.
Labour Bureau already released the CPI (IW) numbers for five months from January 2019 to May 2019. One more month data need to complete the calculation of additional DA percentage from July 2019.
After releasing the AICPIN for the month of June 2019, the DA will be finalized!
The below table shows the current scenario…!
Click to continue..