3rd PRC Employees IDA Rates From 01.01.2022

3rd PRC Employees IDA Rates From 01.01.2022 

For the employees of 3rd PRC here are the new expected IDA rates from 1st January 2022 For each quarter after the pay revision check out the industrial Dearness Allowance increased percentage-wise View the new formula of IDA calculation for 3rd PRC employees

A new PRC named as 3rd PRC from 01.01.2022 is introduced for pay scale revision of all cadre employees working in different organizations by the Central Public Service Employees (CPSE)

As per the new pay scale revision issued by the approval of the Department of Public Enterprise, the PSU dearness allowance is considered to be zero in certain months beginning of January, April, July, and October

The 3rd PRC is for all those industrial workers and the industrial brands mentioned which are often found over the PRC Wage Relief Based on an average value of AICPIN number the basic salary of the employee under 3rd PRC increases or decreases in each quarter as released by the labor bureau

3rd PRC Employees PSU IDA Rates

IDA from To % of IDA % of Increase
01.01.2022 31.03.2022 29.4 2.2
01.10.2021 31.12.2021 27.2 2.5
01.07.2021 30.09.2021 24.7 1.5
01.04.2021 30.06.2021 23.2 -0.5
01.01.2021 31.03.2021 23.7 2.8
01.10.2020 31.12.2020 20.9 2.5
01.07.2020 31.10.2020 18.4 -0.3
01.04.2020 30.06.2020 18.7 1.5
01.01.2020 31.03.2020 17.2 2.4
01.10.2019 31.12.2019 14.8 2.4
01.07.2019 31.10.2019 12.4 2.4
01.04.2019 30.06.2019 10 1.2
01.01.2019 31.03.2019 8.8 1.5
01.10.2018 31.12.2018 7.3 3.5
01.07.2018 30.09.2018 3.8 0.3
01.04.2018 30.06.2018 3.5 0.1
01.01.2018 31.03.2018 3.4 1.2
01.10.2017 31.12.2017 2.2 2.2
01.07.2017 30.09.2017 -0.2
01.04.2017 30.06.2017 -1.1
01.01.2017 31.03.2017 0 0

 

Here mentioned are the confirmed IDA rates for PSU employees which are applicable to all whether officers or non-executive workers working in the public sector The new IDA rates on the basic pay would be announced after releasing of the AICPIN number quarterly by the labor bureau

3rd PRC Employees PSU Calculation Formula for IDA

  1. Average AICPIN (2001-100) for the Quarter (Mar2021 – 344, April 2021 – 346 & May 2021 – 347, Calculate the Average of this quarter)
  2. Link Point = 277.33 ( As on 01.01.2017)
  3. An increase over link point = XX( Average of quarterly AICPIN minus Link Point
  4. IDA Rate from 1st April 2021 = XX% [(Point3-Point2)*100]

3rd PRC is being implemented for the companies undertakken by the government and the IDA rates are clearly and openly mentioned Labour Bureau page can also be visited to check the index number announced

PSU Companies 3rd PRC

  • ONGC (Oil & Natural Gas Corporation)
  • IOCL (Indian Oil Corporation Limited)
  • HPCL (Hindustan Petroleum Corporation Limited)
  • BPCL (Bharat Petroleum Corporation Limited)
  • Oil India
  • CCIL (Container Corporation of India Limited)
  • NTPC (National Thermal Power Corporation)
  • Coal India Limited
  • HAL (Hindustan Aeronautics Limited)
  • GAIL (Gas Authority of India Limited)
  • AAI (Airport Authority of India)
  • NHPC (National Hydroelectric Power Corporation)
  • PGCIL (Power Grid Corporation of India Limited)
  • POSOCO (Power System Operation Corporation)
  • NLC (Neyveli Lignite Corporation)
  • NALCO (National Aluminum Company Limited)
  • EIL (Engineers India Limited)
  • RailTel
  • TCIL (Telecommunications Consultants India Limited)
  • ECIL (Electronics Corporation of India Limited)
  • CWC (Central Warehousing Corporation)
  • FCI (Food Corporation of India)
  • SPMCIL (Security Printing & Minting Corporation of India Limited)
  • Bridge and Roof Co (India) Ltd

IDA Rates Expected For 3rd PRC Employees from 01.04.2022

Month CPI Index Number Status % of Increase Expecting
Dec21 360 (125 = 2016 Base Year CPI) Expecting
January 2022 362 (125.6) Expecting
February 2022 363 (126.04) Expecting 2.7% (Expecting)

  • Basic Pay Scale BSNL for officers and Workmen
  • New Basic Pay Scale Calculation AP PRC 2021 and AP Employees/Teachers Take Home Salary
  • Meaning Of Appraisal and Appraisal Process for Employee’s Performance
  • Pay Scale Structure CWC for Executive & Group C/D Employees
  • Index Numbers By Labour Beaureau, Labour Journal
  • Calculate Voluntary Retirement Benefits Using BSNL VRS Calculator
  • Executive and Class lll/ IV Employees Payscale FCI
  • GPF & Taxable GPF Withdrawl
  • GPF Interest Rates List Jammu and Kashmir Employees
Share This:

Leave a Reply

Your email address will not be published. Required fields are marked *