Tuesday, 1 May 2018

Bank DA Calculation from May 2018


Bank DA Calculation from May 2018
The All India Consumer Price Index for the month of March 2018 has been released by Labour Bureau yesterday. The index remained unchanged at the point of 287.

M/Y Jan-2018 Feb-2018 Mar-2018
CPI 288 287 287
Conversion 6573.86 6551.03 6551.03
Average - - 6558.64
Minus 4440 - - 2118.64
Divided by 4 - - 530.00
DA % - - 53.00%

Dearness Allowance for workmen and officer employees in banks
Payable for the Year Payable for the months Average CPI No. of slabs % of pay
2018 May, June, July 2018 6558 530 53.0
2018 February, March April 2018 6551 527 52.7
2017 November, December 2017, January 2018 6505 516 51.6
2017 August September October 2017 6353 478 47.8
2017 May June July 2017 6261 456 45.6
2017 February March April 2017 6315 469 46.9
2016-17 November, December 2016, January 2017 6353 478 47.8
2016 August, September, October 2016 6261 455 45.5
2016 May, June, July 2016 6117 420 42.0
2016 February, March, April 2016 6147 426 42.6

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