How to calculate Dearness Allowance from the year 2006, twice a year using this average index? It is quite simple. Say, if you want to calculate Dearness Allowance with effect from Jan-06, get the average of monthly All India Consumer Price Index (IW) with the base year 2001=100 for the preceding 12 months and apply the same in the following formula Dearness Allowance = (Avg of AICPI for the past 12 months – 115.76)*100/115.76 For your convenience, here is a small and smart tool that can calculate the dearness allowance with effect from January or July of a particular year in the future, once the AICPI(IW) for a particular month is published by the Government. What you have to do is, go to Labour bureau website by clicking the link below, where Government officially post the All India consumer price Index every month.
Posted on: Tue, 19 Nov 2013 18:41:06 +0000
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