DA from July 2019 – 5% Confirmed
The Central Government has released the AICPIN of June 2019 which showed an increase to 316, the much awaited AICPIN value has finally released, based on the DA Calculation the DA as on June 2019 is 17.09%, which means five per cent increase in DA is confirmed now.
The DA percent of employees will increase by 5% from the existing 12% and total DA is 17% from July 2019, which will then be the highest DA increment so far since the implementation of 7th pay commission in 2016. Central Government will revise the DA twice in a year, on 1st January and 1st July. DA is a fully taxable allowance.
How to calculate Dearness Allowance
Formula to calculate Dearness Allowance for Central Government Employees after 1.1.2016
DA % = (Average of AICPIN for the past 12 months – 261.4) * 100 / 261.4
Source : igecorner