Expected DA Slab increase for Bank Employees from May 2018 to July 2018 only 6 slab

 Now, on 28.03.2018, CPI for the month of Feb'18 announced as 6551.03

We are regularly providing calculations of expected DA on the basis of three assumption as under :-

1. On assumptions that CPI would remain at least same as of Feb'18 for the next next month i.e. for Mar'18. In this situation the expected (tentatively) increase in DA Slabs would come to 3 slabs.(on this assumption the total tentatively revised DA slabs would be 530 i.e. 53.00%)
2. On assumptions that there would be an increase of one point in CPI data in next month Mar'18 In this situation the expected (tentatively) increase in DA Slabs would come to 5 slabs.(on this assumption the total tentatively revised DA slabs would be 532 i.e. 53.20%)
   
   
   
   
3. Keeping in view the recent fuel price hike we assume that there be may an increase of two points in Mar'18, In this situation the expected (tentatively) increase in DA Slabs would come to 6 slabs.(on this assumption the total tentatively revised DA slabs would be 533 i.e. 53.30%)

Expected DA Slabs increase for Bank Employees for May, June, July 2018

Consumer Price Index (CPI) is announced by Labour Bureau for month of February 2018 which is 287 (decreased by 1 point from January CPI which was 288).

Expecting CPI data to increase by 1 point for month of march 2018 i.e, 288, what will be the expected DA increase – here is the calculation.

Consumer Price Index (CPI) Numbers for January 2018 – 288 (published)

Consumer Price Index (CPI) Numbers for February 2018 – 287 (published)

Consumer Price Index (CPI) Numbers for March 2018 – 289 (expected)

Multiply it by conversion factor (4.63 x 4.93),

• CPI for Jan 2018 = (288×4.63×4.93) = 6573.85
• CPI for Feb 2018 = (287×4.63×4.93) = 6551.03
• CPI for March 2018 = (289×4.63×4.93) = 6596.68
• Average CPI = (6573.85+6551.03+6596.68)/3 = 6573.85
• Deducting 4440 slabs which are merged in basic pay as per 10th bipartite settlement = (6573.85-4440) = 2133.85
• Divide 2126.24 by 4 to calculated DA slabs for quarter = (2133.85/4) = 533   on which 0.10 percent DA is payable.

So DA slabs percentage for May 2018, June 2018 and July 2018 will be 53.30 percent.

Expected Increase in DA Slabs = 533-527 = 6 slabs

So expected DA increase for month of May, June and July 2018 will be 0.60 percent