DA Calculator
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DA Calculator 2024: Calculate Dearness Allowance from July 2024
DA Calculator Dearness Allowance is a tool used to (Dearness Allowance, DA) is used to calculate. Dearness Allowance is provided to employees and pensioners as an increase in their existing salary structure to balance the impact of inflation. Let us know how to use DA Calculator 2024, and Dearness Allowance Calculator You will also learn the uses, benefits, result facts, DA calculation formula along examples of DA Calculator.
Dearness Allowance 2024
Dearness Allowance (DA) is given to government employees, public sector employees, and pensioners. Its objective is to protect them from the effects of inflation and balance their cost of living. In particular, it is awarded to the following:
central government employees: Employees working in various ministries and departments.
state government employees: Employees working in various departments of the state government.
Public Sector Unit (PSU) Employees: Employees working in government undertakings.
a pensioner: People who have retired from the government or public sector and get a pension.
The main objective of the dearness allowance is to maintain the purchasing power of employees and reduce the financial pressure caused by inflation.
Uses of DA
Salary increment: DA is used to increase the salary structure of employees.
protection from inflation: DA helps in reducing the loss caused by inflation.
Benefits for pensioners: It helps in making the living of pensioners easier.
Benefits of DA
price stability: DA balances the effect of inflation.
increase in purchasing power: This increases the purchasing power of the employees.
financial security: It provides financial security to employees and pensioners.
Dearness Allowance Results for
employee satisfaction: DA increases the financial satisfaction of employees.
budget management: This improves the budget management of the organization and government.
balance in pay structure: DA maintains balance in the pay structure.
Dearness Allowance calculation facts
DA is calculated on the basis of some specific formulas and methods. In this, basic salary, inflation rate, and information issued by the government are taken into account.
DA calculation formula
The formula for calculating DA is as follows:
DA=AICPI (Average Consumer Price Index) / Base Year AICPI Base Year AICPI×100
DA table
The table given below shows the various criteria for calculating DA:
Example
Suppose the basic salary of an employee is ₹20,000 and the current DA is 30%.
Calculation of DA:
DA=340−261.42/261.42×100=30.00%
DA amount:
DA amount=Basic pay×DA rate
DA amount=₹20,000×0.30=₹6,000
Total Salary:
Total salary=Basic salary+DA amount
Salary=₹20,000+₹6,000=₹26,000
Information of July 2024
Considering the DA rate of 30% for July 2024, the DA of an employee will be as follows:
basic salary: ₹25,000
DA, Rate: 30%
DA amount: ₹25,000 × 0.30 = ₹7,500
total salary: ₹25,000 + ₹7,500 = ₹32,500
Complete method of using DA Calculator
Follow these steps to use DA Calculator:
Enter basic salary: Enter the basic pay of the employee.
Select DA Rate: Select the current DA rate.
calculate: Click on the ‘Calculate’ button.
view result: Check DA amount and total salary.
