AICPIN FOR THE MONTH OF JUNE 2019
6 MONTHS’ STORY OF ‘EXPECTED DA JULY 2019’ TO BE FINALISED!
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
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.
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…!