IDA Increased From October 2013
The IDA w.e.f. 01-October-2013 has been increased by 6.6% i.e upto 85.5% depends upon the Average AICPIN of the months Jun'13, Jul'13 & Aug'13.
The AICPIN of the months Jun'13, Jul'13 & Aug'13 are 231, 235 & 237 declared on 31-July-2013, 30-August-13 & 30-September-13 respectively, The Average AICPIN of the 3 months is 234.33. Thus the actual IDA will be 85.5 w.e.f 01/10/2013 for CPSEs. This is the second highest hike in IDA after 04 years i.e. 01/10/2009 when it was increased by 6.8%.
COPY OF DPE ORDERTop 10 Projections:
Last updated: 30/09/2013 18:30 Hrs.
The IDA w.e.f. 01-October-2013 has been increased by 6.6% i.e upto 85.5% depends upon the Average AICPIN of the months Jun'13, Jul'13 & Aug'13.
The AICPIN of the months Jun'13, Jul'13 & Aug'13 are 231, 235 & 237 declared on 31-July-2013, 30-August-13 & 30-September-13 respectively, The Average AICPIN of the 3 months is 234.33. Thus the actual IDA will be 85.5 w.e.f 01/10/2013 for CPSEs. This is the second highest hike in IDA after 04 years i.e. 01/10/2009 when it was increased by 6.8%.
COPY OF DPE ORDER
Expectation No. | Expected CPI of Aug'13 | Avg. CPI Projected | Projected IDA (%age) | Projected IDA Increase (%age) |
3 | 237 | 234.33 | 85.5 | 6.6 |
No use of increasing; as eventually it will increase your expenditure (including Income Tax) more than before. Try to control the price hike.
ReplyDeleteI totally agree with u sir........
ReplyDeleteExpert comment sir...
ReplyDeleteBHAGWAN KARE KI INFLATION HAMESHA BADHTA RAHE JISSE KI SARKARI EMPLOYEES KA DA BADHTA RAHE ..
ReplyDeletebhaisahab, phir badha hua tax kaun pay karega? Humlog toh mahangai bhatte (DA) par bhi tax dena padta hai. Sahi mayne me mahangai jab 100rs badhta hai toh hume sirf 80-90 rs hi muavza milta hai. :)
Deletemost likely the DA will be around 85.8% i.e 6.9% hike. but actually it will be 6.2 or lesser as some part will be taken away by Income tax department.
ReplyDeletewhy a huge difference b/w IDA and CDA. Now CDA is 90% effective from july-13.In PSU Sector it is just78.9%.
ReplyDeletei agree with u
DeleteDue to the difference in commodities included in the price index
DeleteAlthough both IDA & CDA are calculated w.r.t. Average AICPI(IW), there is difference between IDA & CDA. It happens because of difference in date of implementation of revised pay scales.
DeleteIDA is calculated quarterly w.r.t. average of AICPI of Last 3 months & Average AICPI as on 01/01/2007 (effective implementation date of 2nd PRC for PSUs) whereas CDA is calculated twice a year w.r.t. average of AICPI of Last 12 months & Average AICPI as on 01/01/2006 (effective implementation date of 6th central pay commission).
Because CDA is from 01.01.2006 whereas IDA is from 01.01.2007
DeleteIncrease of DA is essential, otherwise valuation of black money will increase wrt expenditure of common man.
ReplyDeleteThank U for systematic prediction of expected DA for CPSE from OCT-2013
ReplyDeleteWe can compensate the inflation with IDA, but what about those people who are not covered in it.
ReplyDeletehey bhagwan inflation january tak me itna badha do ki meri salary ka ida kam se kam 8% badh jaye.
ReplyDeletegovt should increase the price of vegetables by 200% then my ida will increase significantly and my gross salary will become 30k...
ReplyDelete