Expected DA Calculation Updated on 29.12.23 on the basis of CPI for the month of Nov'23 with the assumptions of CPI for the next month as mentioned hereunder. The CPI for the month of Oct'23 announced today as 139.10 (as per revised base year 2016) (The base year was changed from Oct 2020)
To calculate Bankers Dearness Allowance for the month of February 2024, we need know about CPI (Consumer Price Index) for the month October 2023, November 2023 and December 2023. We get this CPI index subsequent month.
October 2023 CPI index we get on 30th November 2023 and November 2023 CPI index we get on 31st December 2023 and December 2023 CPI index we receive on 31st January 2024.
This CPI index always we get one month late.
In last year February 2023 CPI Index increased on an 2.24 percent. On this basis we can expect for the month of October 2023 and November 2023 and December 2023 expected CPI Index will be.
October 2023 CPI Index will be 138.40 November 2023 CPI Index will be 139.10 December 2023 CPI Index will be 138.80.
Now we need to add October 2023 to December 2023 CPI Index figures
=138.40+139.10+138.80/ 3 =416.30/3 =138.77 (Average)
Now we need to multiply this figure to Base Year table.
=138.77*2.88*4.93*4.63 =9122.33 =9122/-
We need to subtract from 6352.
Its is because in 11 BPS 6352 points merged in the
DA. =9122-6352 =2770/- (Remaining points left)
Now we need to covert this points to slabs.
To cover this points to slabs we need divide it from 4. =2770/4 =692.50 Slabs
Now we need to convert these slabs to percentage.
Its because DA calculated in percentage.
To convert this into percentage we need to multiply with 0.07.
It is because according to 11 BPS 1 slab is equal to 0.07 =693*0.07 =48.51 %.
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