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PSU IDA Rates from 01.07.2021, Check IDA Calculation Formula

May 25, 2023 By Nupur Leave a Comment

Discover PSU IDA charges of Industrial Dearness Allowance older and anticipated from 01.07.2021 relevant to workers and pensioners working 2nd / third PRC of PSUs beneath Authorities of India, verify IDA calculation system based mostly on value index quantity. ..

The IDA or Industrial Dearness Allowance is a kind of allowance granted to workers of public sector enterprises (PSEs) beneath the Authorities of India in addition to pensioners based on the value index quantity declared by the Labor Bureau.

Nonetheless, IDA is just not a obligatory allowance in relation to non-public sector workers, and because of this non-public sector firms should not compelled to offer such allowance to their workers.

As well as, IDA charges are revised fairly incessantly because of the fee of inflation on a quarterly foundation to scale back the burden of inflation, the place as well as, the federal government has provide you with extra advantages in addition to varied allowance schemes for workers.

Staff might due to this fact face the scenario, one of many most important causes for the speedy rise in CPI is because of frequent modifications in IDA charges, furthermore, you must know that the revised industrial dearness allowance charges based mostly on the final 3 months AICPIN or All India Client Worth Index Quantity.

Verify PSU IDA charges for third PRC worker from 01.07.2021

PSU IDA fee desk for different PRC workers

From Service Industrial dearness allowance fee (IDA) % IDA enhance
01.07.21 30.09.2021 173.6 (anticipated) 3.1% anticipated)
01.04.2021 30.06.2021 160.5 -1
01.01.2021 31.03.2021 181.5% 6.1%
01.10.2020 31.12.2020 185.4 5.5%
01.07.2020 30.09.2020 15.97 -0.8%
01.04.2020 31 July 2020 170.4 3.4%
01.01.2020 31.03.2020 153.3 5.3
01.10.2019 31.12.2019 152 5.3
1.7.2019 30.09.2019 146.7 5.3
1.4.2019 30.7.2019 141.4 2.6
1.1.2019 31.3.2019 138.4 3.2
1.10.2018 31.12.2018 135.6 7.6
1.7.2018 30.9.2016 128 0.8
1.4.2018 30.7.2016 127.2 0.3
1.1.2018 31.3.2018 126.9 2.6
1.10.2017 31.12.2017 128.3 5.3
1.7.2017 30.9.2016 119 1.9
1.4.2017 30.7.2016 117.1 -2.4
1.1.2017 31.3.2017 119.5 -0.8
1.10.2016 31.12.2016 120.3 5.5
1.7.2016 30.9.2016 114.8 2.6
1.4.2016 30.7.2016 112.4 0
1.1.2016 31.3.2016 112.4 4.5
1.10.2015 31.12.2015 107.9 5.3
1.7.2015 30.9.2015 102.6 2.1
1.4.2015 30.06.2015 100.5 0.2
1.1.2015 31.3.2015 100.3 2.2
1.10.2014 31.12.2014 98.1 6.8
1.4.2016 30.9.2016 91.3 2.9
1.4.2014 30.7.2016 88.4 -2.1
1.1.2016 31.3.2016 90.5 5
1.10.2013 31.12.2013 85.5 6.6
1.7.2013 30.9.2013 78.9 4
1.4.2013 30.7.2013 74.9 3.4
1.1.2013 31.3.2013 71.5 4.2
1.10.2012 31.12.2012 4.3 5.8
1.7.2012 30.9.2012 61.5 4.8
1.4.2012 30.7.2012 56.7 0
1.1.2012 31.3.2012 56.7 4.7
1.10.2011 31.12.2011 52 4.8
1.4.2011 30.9.2011 47.2 0
1.4.2011 30.7.2011 47.2 4.2
1.1.2011 31.3.2011 43 3.2
1.10.2010 31.12.2010 39.8 4.7
1.4.2010 30.9.2010 35.1 0.3
1.4.2010 30.7.2010 34.8 3.9
1.1.2010 31.3.2010 30.4 5.6
1.10.2009 31.12.2009 25.3 6.8
1.7.2009 30.9.2009 18.5 1.6
1.4.2009 30.9.2009 16.9 0.3
1.1.2009 31.3.2009 16.6 3.7
1.10.2008 31.12.2008 12.9 3.7
1.7.2008 30.9.2004 9.2 2.9
1.4.2008 30.8.2004 6.3 0.5
1.1.2004 31.3.2008 5.8 1.6
1.10.2007 31.12.2007 4.2 2.9
1.4.2004 30.9.2004 1.3 0.5
1.4.2004 30.8.2004 0.8 0.8
1.1.2004 31.3.2006 0 0
PSU IDA Charges 2007 to 2021

After the most recent AICPIN was confirmed by the Labor Bureau, any PSU issued an elevated IDA fee order to its items to use the brand new IDA to the brand new charges from the respective month.

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The right way to calculate IDA (Industrial Dearness Allowance) for the second PRC

The right way to calculate IDA, nicely, calculating PSU IDA charges is just not actually a tough job, and you must know that the IDA fee revision is predicated on All India Client Worth Index numbers.

Usually after the second pay revision from 01.01.2007, the bottom index has additionally been revised to 01.01.2007, Which is 126.33. is, So to know the IDA progress fee, we’ve to seek out the All India Client Worth Index for Industrial Staff [CPI(IW)] For the final three months.

Additionally, for IDA amendments from January 1, CPI numbers for September, November, December are required, and CPI numbers from 01/04, January, February and March are required, the place the CPI of July 1, March, April of a 12 months Quantity is required. , And Might are required, and for the IDA revision from October 1, the CPI of June, July and August are required, and equally, after having the typical CPI of the final three months, it is advisable to calculate the system beneath Industrial DA charges for PSUs will must be used, and this system is:

IDA calculation system for an additional PRC worker

  • New IDA Charge = (Common CPI – Base Index) * 100
  • Base index = 126.33
  • IDA Charge Enhance = New IDA Charge – Outdated IDA Charge
    • for instance:
      • If the CPI for March 2020 is 326, April 2032 is 329 and the anticipated for Might 2020 is 336, and the typical CPI is 329.8, then the calculation will likely be completed.
      • [(329.66 – 126.33) / 126.33] * 100 = 180.95 (170)
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IDA charges anticipated from 01.10.2021 for different PRC PSU workers

CPI Month Serial quantity Occasion % Of DA enhance from October 2021 (anticipated)
June 21 349 expectation –
21 July July 353 expectation –
21 August August 355 expectation –
IDA charges anticipated from July 2021

Authorities of India introduced freeze of IDA by 30.06.2021, now the overall DA will be paid to all workers as per the calculation given from 1 July 2021. 10.6% IDA continues to be pending for fee of workers.

Wiki Biography

  • PSU IDA fee desk for different PRC workers
  • The right way to calculate IDA (Industrial Dearness Allowance) for the second PRC
  • IDA calculation system for an additional PRC worker
  • IDA charges anticipated from 01.10.2021 for different PRC PSU workers
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