What is the rate of Ida?
Table of Contents
What is the rate of Ida?
PSU IDA Rates for 3rd PRC Employees
| IDA from | To | % of IDA |
|---|---|---|
| 01.04.2020 | 30.06.2020 | 18.7 |
| 01.01.2020 | 31.03.2020 | 17.2 |
| 01.10.2019 | 31.12.2019 | 14.8 |
| 01.07.2019 | 31.10.2019 | 12.4 |
What is the latest circular of BSNL Ida?
D.P.E. issued I.D.A Increase order for 1.2% w.e.f. 01.04. 2022 on 08.04. 2022.
What is the expected Ida from July 2021?
Expected IDA Calculator from July 2022
| Month | All India Index | % OF INCREASE for 2007 Pay Scale |
|---|---|---|
| May 2021 | 120.6 | 173.79 |
| June 2021 | 121.7 | 175.39 |
| July 2021 | 122.8 | 177.44 |
| Aug 2021 | 123 | 179.27 |
Will DA increase for PSU employees?
Now, the government has decided to increase the Dearness Allowance to the central government employees and Dearness Relief to pensioners with effect from July 1, 2021, to 28 percent representing an increase of 11 percent over the existing rate of 17 percent of the basic pay/pension.
What is 3rd PRC in PSU?
PSU Salary After 3rd PRC – A state-owned enterprise ( in India is called a public sector undertaking (PSU) or a public sector enterprise….3rd PRC Revised Pay Scales.
| Grade | Existing Pay Scale | Revised Pay Band (01.01.2017) |
|---|---|---|
| E-2 | 20,600 – 46,500 | 50,000 – 1,60,000 |
| E-3 | 24,900 – 50,500 | 60,000 – 1,80,000 |
What will be Ida from July 2021?
| Period | IDA for 3rd PRC or 2017 pay scale |
|---|---|
| 01.04.2021 to 30.06.2021 | 23.2 %, But kept same at 18.4% |
| 01.01.2021 to 31.03.2021 | 23.7 %, But kept same at 18.4% |
| 01.10.2020 to 31.12.2020 | 20.9 %, But kept same at 18.4% |
| 01.07.2020 to 30.09.2020 | 18.4 % |
What will be expected DA from July 2021?
The Finance Ministry had stopped the DA hike from January 2020 until June 30, 2021, due to the Pandemic. The DA hike restarted in July last year. Subsequently, on the basis of the 7th Pay Commission’s recommendations, DA for all Central Government employees was hiked in July 2021 to 28 per cent from 17 per cent.
How is IDA pay scale calculated?
IDA Calculation Formula for 2nd PRC employee
- New IDA rate = (Average CPI – Base Index) * 100.
- Base Index = 126.33.
- Increase in IDA rate = New IDA rate – Old IDA rate. For Example: If CPI for March 2020 is 326, April 2020 is 329 and May 2020 expecting is 334, and the average CPI is 329.66, then the calculation would be.
Will Ida increase?
Accordingly, PSU releases new instructions after 01.07.2022 to all BSNL circles for new increase of BSNL IDA rates from 01.07.2022. So, with this new CPI Index numbers, BSNL employees and pensioners will get new IDA rates from the 2nd quarter of Financial Year 2022-2023.
Why IDA is less than DA?
Even though both Industrial Dearness Allowance and Central Dearness Allowances are calculated with respect to Average AICPI, there is a difference between Industrial Dearness Allowance and Central Dearness Allowances. It occurs because of the difference in the date of completion of revised pay scales.
What is the expected DA from July 2021?
7th Pay Commission: DA to be announced in July with new formula; 5% likely hike | Zee Business.
What is DA from July 2021?
The central government had in July 2021 increased the DA and DR for the central government employees and pensioners, respectively, to 28 per cent from 17 per cent after a long pause. Again, in October 2021, the central government employees witnessed a jump of 3 per cent in dearness allowance.
How much is the DA in July 2022?
Due to these two hikes, from July 1, 2021 itself, all Government employees had started receiving DA at the rate of 31 per cent. After that on January 1, 2022 also, a three per cent hike in DA was announced, after which Government employees have been receiving DA at 34 per cent rate.
How much DA hike from July 2021?
The central government had in July 2021 increased the DA and DR for the central government employees and pensioners, respectively, to 28 per cent from 17 per cent after a long pause.
What will be DA July 2022?
What is the expected DA for July 2021?
On 14th July 2021, the Cabinet Committee has taken the decision on Dearness Allowance to hike by 11% from the existing rate for all groups of Central Government employees and pensioners. The newly revised DA percentage from 1st July 2021 is 28%.
