How DA is calculated in RBI?

As one slab of DA = 4 points of index numbers, the figures against balance index numbers given in last row of the table above are divided by 4 to get the total slabs payable to each category(cat 1.. cat-2. etc.) And by multiplying the slabs by \% rate per slab we get the total \% of DA admissible.

What is current DA of RBI employees?

Dearness Allowance: The RBI Grade B officers will receive DA of 113\% of the basic salary. HRA Allowance: The Reserve Bank of India will offer 2BHK/3BHK flat to the RBI Grade B employees. If the employees are not allocated with flats, then they can claim up to Rs 70,000 as rent allowance.

What is dearness allowance in RBI?

Dearness Allowance(D.A) – 113\% of the basic pay that previously accounted for D.A. has now been revised to 125\% House Rent Allowance(H.R.A) – H.R.A. is provided to those employees who are posted out of their hometowns./Accommodation is also provided to RBI employees./Usually one gets a 2 BHK flat.

How DA slab is calculated?

DA is calculated based on Consumer Price Index and revised in every quarter for bank employees. As DA is related to cost of living, it varies from employee to employee based on whether they work in urban sector, semi-urban sector or the rural sector.

How DA is calculated Quora?

DA(Dearness Allowance) :The Dearness Allowance(DA) is a cost of living adjustment to allowance. It is calculated as a percentage of (Basic pay + grade pay). Dearness allowance is updated every quarter of calendar year to compensate for inflation in consumer price index.

How is dearness relief calculated?

The current rate of Dearness allowance multiply with your basic salary is Dearness allowance. For example, the existing rate of percentage is 12\%, if your basic salary is Rs. 49000. The DA is (49000 x 12) /100.

How is DA calculated for bank employees Quora?

In case of bank staff, their D.A for a particular quarter is calculated based on the average of All India Consumer Price Index for the 3 month period preceding the current cycle of D.A. Their D.A is revised every 3 months.

Which of the following is useful to calculate dearness allowances of employee?

The formulae for calculating dearness allowance are as under: For central government employees: DA\% = ((Average of AICPI (Base Year 2001=100) for the past 12 months -115.76)/115.76)100 For central public sector employees: DA\% = ((Average of AICPI (Base Year 2001=100) for the past 3 months -126.33)/126.33)100 Here.