DA from January 2024 Calculation for 50%
DA from January 2024 Calculation Table: Calculation Table for Dearness Allowance effective January 2024: The following table provides a detailed breakdown of the process for calculating Dearness Allowance from the 1st of January 2024. To obtain the accurate final percentage, it is essential to first compute the six-month period from July 2023 to December 2023 in full. Each subsequent calculation is dependent on the preceding result, making it necessary to proceed methodically through each step. Click Here
Table of Contents
AICPIN Raises DA to 50% – Latest Updates
The initial column represents the updated index of AICPIN for Industrial Workers (IW) based on the year 2016, which must be adjusted to correspond with the year 2001, as indicated in the second column. The third cell displays the cumulative total of the previous 12 months’ AICPIN values, which are then averaged by dividing the sum by 12. The subsequent steps involve determining the increase relative to the base factor of 261.42 and further dividing this figure by 261.42. The final result, rounded to whole numbers without decimal points, represents the finalized Dearness Allowance percentage.
Jan 2024 DA Calculation Table
| M/Y | (i) | (ii) | (iii) | (iv) | (v) | (vi) |
| Jul-23 | 139.7 | 402 | 4616 | 384.67 | 0.47 | 47.15 |
| Aug-23 | 139.2 | 401 | 4642 | 386.83 | 0.48 | 47.97 |
| Sep-23 | 137.5 | 396 | 4660 | 388.32 | 0.49 | 48.54 |
| Oct-23 | 138.4 | 399 | 4677 | 389.74 | 0.49 | 49.08 |
| Nov-23 | 139.1 | 401 | 4696 | 391.32 | 0.50 | 49.69 |
| Dec-23 | 139.8 | 400 | 4714 | 392.83 | 0.50 | 50.27 |
| M/Y | Month & Year |
| (i) | AICPIN-IW BY 2016 |
| (ii) | AICPIN-IW BY 2001 |
| (iii) | Total of 12 Months |
| (iv) | Average of 12 Months |
| (v) | Increase over 261.42 |
| (vi) | % Increase over 261.42 |
50% DA Cabinet Committee Approval
The Union Cabinet, a pivotal governing body in India, is anticipated to grant its approval for the enhancement of the Dearness Allowance (DA) by a notable 4% starting from the month of July in the year 2023. This anticipated approval is typically bestowed by the esteemed Cabinet Committee of Economic Affairs, known for its deliberative approach to economic matters, during the second week of the month of September.
The decision-making process hinges significantly on the average All India Consumer Price Index for Industrial Workers over the preceding span of 12 months. As it stands, the current allocation of DA stands at a respectable 42%; however, with the proposed increment, it is poised to ascend to a commendable 46% commencing on the 1st of July in the aforementioned year. This forthcoming elevation in the DA rate is expressly designed to furnish solace and support to government employees and pensioners, who are grappling with the relentless surge in the cost of living expenses.