Six Months has passed and only one month is in hand to declare AICPIN Index value by Consumer Price Index Numbers for Industrial Workers of India. The AICPIN Index Value is stand at the point "253" from Last 4 months i.e. from August-14 to November-14. There is no far-way possibility to increases 10 point of AICPIN Index Value in the month of December, 2014 which will be declared on 31st January-2015. Therefore the Additional Dearness Allowance, which is given once every six months, is likely to be 6% hike from January-2015. This is 1% less than the previous hike of additional Dearness Allowance from July-2014. The total Additional Dearness Allowance from Jan., 2015 will become 113% confirmed.
How Dearness Allowance is calculated ?
Month Year / CPI(IW) BY 2001=100 / Total / Average / App. DA / DA%
First is the month and year. Then the CPI (IW) Base Year 2001=100 and the relevant data. In the next column, you have the sum total of all the 12 months, i.e., the total of the declared AIPCIN numbers for the past 12 months. Next comes the division of the sum total by 12.
The next step is the most crucial one. You will have to find out by how much it exceeds 115.76. You will have to calculate the excess as percentage of 115.76.
(12 Monthly Average) – 115.76
-------------------------------------- X 100 = Percentage increase in prices
115.76
How Dearness Allowance is calculated ?
Month Year / CPI(IW) BY 2001=100 / Total / Average / App. DA / DA%
First is the month and year. Then the CPI (IW) Base Year 2001=100 and the relevant data. In the next column, you have the sum total of all the 12 months, i.e., the total of the declared AIPCIN numbers for the past 12 months. Next comes the division of the sum total by 12.The next step is the most crucial one. You will have to find out by how much it exceeds 115.76. You will have to calculate the excess as percentage of 115.76.
(12 Monthly Average) – 115.76
-------------------------------------- X 100 = Percentage increase in prices
115.76
