Please help me out.
1. We are govt. PSU and are getting unrevised pay-scales with 50% DP. I want to know the revised rates applicable on old pay-scales (with 50% DP) w.e.f. 01.01.2008 to 2010.
2. Also, how to calculate further increases of IDA (in above case) on quarterly basis.
Thanks & regards,
First of all please note that the 50% DA merger is effective from 01.01.2007 (not 1.1.08).
On 1.1.2007, the IDA corresponding to AICPI (base 1960) of 2884 points is 68.8%. Out of this 50% will be changed as Dearness Payment, equal to basic. Difference in DA w.r.t basic = 68.8-50 = 18.8. Addl DA for DP = 18.8x50% = 9.4
Hence total DA on 1.1.2007 = 50 (DP) + 18.8 (difference in DA) + 9.4 (enhanced DA due to implication of 50% DP) = 78.2%.
Similarly on 1.10.2010 the calculation will be as follows :
DP = 50, Difference in DA = 136.1-50 = 86.1. Addl. DA for DP = 86.1x50% = 43.1. Total DA = 50+86.1+43.1 =179.2.
On 1.1.2011 the calculation will be as follows :
DP = 50, Difference in DA = 141.5-50 = 91.5. Addl. DA for DP = 91.5x50% = 45.8. Total DA = 50+91.5+45.8 =187.3.
The in between quarters can also be calculated in the same manner.
Abbas.P.S, ITI Ltd, PALAKKAD - 678 623
Ph. +91 9447 467 667
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