The Industrial Dearness Allowance (IDA) calculation formula plays a crucial role in determining the compensation of public sector employees, helping them cope with inflation through systematic adjustments to their basic salary. IDA Calculation Formula for PSU Employees The current formula for calculating IDA in public sector undertakings is: Industrial DA = [ (Average of AICPIN … Read more
In the realm of Insurance sector, the Public Sector General Insurance DA rate for employees plays a crucial role in determining the financial well-being of employees. This article aims to provide a comprehensive overview of the expected and current DA rates of PSGIC (Public Sector General Insurance Companies), focusing on various insurance companies, including United … Read more
The Expected DA Calculator is an essential tool designed to help employees, especially those in government sectors, to estimate their Dearness Allowance in this 2024 and coming 2025. This allowance is crucial as it compensates for the cost of living adjustments due to inflation, and the DA is typically revised quarterly for PSU’s named as … Read more
Keeping track of the expected DA for bankers from Nov 2024 will enable bank employees to effectively manage their finances despite the increase from the present DA and swiftly adapt to economic changes. This DA increase for Bankers from current DA rates ensures they are well-prepared for any adjustments to their salary and can maintain … Read more
Post the 12th BPS, there has been a significant re calibration in DA for Bankers with new slabs and calculation for employees. We present the old and current DA for Bankers in the table format for increase and decrease as well for easy understanding. DA for Bankers from August 2024 The data of AICPIN for … Read more
The IDA pay scales of 1987, 1992, and 1997 pay revision and IDA rates were pivotal topics for employees across various sectors. The Industrial Dearness Allowance (IDA) rates for 1987, 1992, and 1997 pay revision, influenced by economic conditions, played a crucial role in determining the compensation framework. It is very hard for an employee … Read more