rsmr2009 Started The Discussion:
Dear Seniors,
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,
R. Narwal
26th October 2010 From India, New Delhi

Dear Narwal,
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
27th October 2010 From India, Bangalore
Hi Abbas,
Thanks for the enormous information you provide on this site.
I was working as grade 4 with Rs 6800 as basic in Jan 1997 .
Please let me know the wage revision arrears calculation for 39 months.
Regards,
user
17th December 2014 From India, Bangalore
Please share if you have any insights for this topic page and be part of our fostered professional community at Cite.Co. Avoid "Thank You" posts to preserve the integrity and readability of this page. Instead, help someone else with your knowledgeable inputs. If you have any related query please start a discussion thread.



 
 
 
 





Anonymous (Don't Display Username)


Disclaimer: This network and the advice provided in good faith by our members only facilitates as a direction towards the actions necessary. The advice should be validated by proper consultation with a certified professional. The network or the members providing advice cannot be held liable for any consequences, under any circumstances.

About Us - Advertise - Contact Us - RSS   On Google+  
Privacy Policy | Disclaimer | Terms Of Service
Facebook Page | Follow Us On Twitter | Linkedin Network