Today i.e. on 30.04.2015, Government announced Consumer Price Index (CPI) data for the month of Mar'15. The Dearness Allowance payable for the period of May'15 to July'15 (as per tabled below) is an increase of 4 DA Slabs and in terms of percentage the increase in DA is 0.60% for the month of May'15 to July'15 and total revised DA slab payable for the month of May'15 to July'15 are 738 Slabs i.e. 110.70%.
Earlier on 31.03.2015 for our valued visitors we have provided expected (tentatively) increase in DA Slabs of 3 slabs for the month of May'15 to July'15 based on the announcements of Consumer Price Index for the month of Feb'15 and Mar'15 further on assumptions that CPI for the month of Mar'15 would be as average CPI for the two months of this period i.e. of Jan'15 and Feb'15 and also shared that It would be surprising to all of us that every items of our day to day needs is becoming costly in comparison with the previous months whereas the CPI data released by the Govt. shows a different picture.
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Our valued visitors have seen that on 31.12.2014 CPI data for the month Nov. 2014 was released and on that basis we have calculated that there is expected an increase of 2 slabs and total DA of 734 slabs may become payable for the month of Feb 2015 - April 2015 on certain assumptions on available CPI data for the month of Oct. 2014 and Nov. 2014
Now the official release of CPI by the Govt. for the month of Dec. 2014 is as 5774.95 (as assumed by us) and the detailed computation of DA slabs is shown below.
Accordingly, revised Dearness Allowance (DA) for the month of Feb. 2015 to Apr. 2015 is an increase of 2 slabs i.e. an increase of 0.3% for the month of Feb. 2015 to April. 2015 and total revised DA slabs is 734 Slabs i.e. 110.10%.
For our valued visitors we are providing the updared DA calculator as per revised DA slabs w.e.f Feb. 2015 to April. 2015.
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For our valued visitors on 30.09.2104, on release of CPI data for the month August 2014 we have calculated that there is expected (tentatively) an increase of 49 DA Slabs comes for the month of Nov 2014 - Jan 2015 on assumptions of CPI data if it would remain same for the months of September 2014 as of August 2014.
Now the official release of CPI by the Govt. for the month of Sep. 2014 is as 5774.95 and the detailed computation of DA slabs is shown below.
Accordingly, revised Dearness Allowance (DA) for the month of Nov. 2014 to Jan. 2015 is an increase of 49 slabs i.e. 7.35% and total DA slabs 732 i.e. 109.80% are payable w.e.f. Nov. 2014. For our valued visitors we are providing the updared DA calculator as per revised DA slabs w.e.f Nov. 2014.
On 30.06.2014 for our valued visitors we have provided expected (tentatively) increase in DA Slabs of 30 slabs for the month of Aug - Oct 2014 based on the monthly announcements of Consumer Price Index for the month of April 2014 and May 2014 further on assumptions of CPI data that would remain same for the month of June 2014 as of May 2014.
Now on release of CPI data for the month of June 2014 the Dearness allowance payable for the period of Aug. to Oct 2014 is 683 slabs i.e. 102.45% with an increase of 33 slabs (4.95%). This is computed on basis of monthly CPI data declared by the Govt. for the period April 2014 - June 2014 as detailed given below :-
Please keep on visiting to check any further updates of Dearness Allowance payable to PSU bank employees
(Disclaimer : For the month of CPI not announced / updated /due for announcement; previous month/months CPI taken for computing average for the quarterly average of CPI, you may check the official web site/announcement of increase of DA / exact CPI for the concerned period. The users are requested to please do inform in case he/she has noticed any error or updation of the official announcements in the matter for correction/updation. Your feedback shall be highly obliged.)