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 |
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.
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)
- for instance:
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 | – |
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.
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