IDA Rates PSU From 01.01.2022, Calculation Formula to Calculate IDA

Know IDA Rates PSU From 01.01.2022, Calculation Formula to Calculate IDA

Check the Industrial Dearness Allowance expected for 2nd and 3rd PRC working employees from 01.01.2022 and the old IDA rates Employees and Pensioners of PSU under the Government of India can check the IDA calculation formula based on the Price Index number announced

Public Sector Employees working under the Governance of Government of India are being given a special type of allowance named Industrial Dearness Allowance or IDA Price Index numbers announced by the Labour Bureau affects the IDA Rates for employees and pensioners

In the Private sector, it is not mandatory to give the employees IDA allowance This obviously means the private sector can never be forced to pay IDA allowance to the working employees

To lower the burden of Inflation IDA rates get modified quarterly based o inflation rise Different allowances and extra benefits are also being announced by the Government for the employees to help employees cope up with the situations

Frequent change in IDA rates give rise to CPI rapid rise Based on the three months AICPIN the IDA rates are modified

IDA Rates Table for 2nd PRC Employees PSU

From To Rate of Industrial Dearness Allowance (IDA) % IDA Increase
01.01.2022 31.03.2022   184.2 4.9
01.10.21 31.12.21 179.3 5.5
01.07.21 30.09.2021 173.8 3.3%
01.04.2021 30.06.2021 170.5 -1.2%
01.01.2021 31.03.2021 171.7 6.3%
01.10.2020 31.12.2020 165.4 5.5%
01.07.2020 30.09.2020 159.9 -0.8%
01.04.2020 31st July 2020 160.7 3.4%
01.01.2020 31.03.2020 157.3 5.3
01.10.2019 31.12.2019 152 5.3
1.7.2019 30.09.2019 146.7 5.3
1.4.2019 30.6.2019 141.4 2.6
1.1.2019 31.3.2019 138.8 3.2
1.10.2018 31.12.2018 135.6 7.6
1.7.2018 30.9.2018 128 0.8
1.4.2018 30.6.2018 127.2 0.3
1.1.2018 31.3.2018 126.9 2.6
1.10.2017 31.12.2017 124.3 5.3
1.7.2017 30.9.2017 119 1.9
1.4.2017 30.6.2017 117.1 -2.4
1.1.2017 31.3.2017 119.5 -0.8
1.10.2016 31.12.2016 120.3 5.5
1.7.2016 30.9.2016 114.8 2.4
1.4.2016 30.6.2016 112.4 0
1.1.2016 31.3.2016 112.4 4.5
1.10.2015 31.12.2015 107.9 5.3
1.7.2015 30.9.2015 102.6 2.1
1.4.2015 30.06.2015 100.5 0.2
1.1.2015 31.3.2015 100.3 2.2
1.10.2014 31.12.2014 98.1 6.8
1.7.2014 30.9.2014 91.3 2.9
1.4.2014 30.6.2014 88.4 -2.1
1.1.2014 31.3.2014 90.5 5
1.10.2013 31.12.2013 85.5 6.6
1.7.2013 30.9.2013 78.9 4
1.4.2013 30.6.2013 74.9 3.4
1.1.2013 31.3.2013 71.5 4.2
1.10.2012 31.12.2012 67.3 5.8
1.7.2012 30.9.2012 61.5 4.8
1.4.2012 30.6.2012 56.7 0
1.1.2012 31.3.2012 56.7 4.7
1.10.2011 31.12.2011 52 4.8
1.7.2011 30.9.2011 47.2 0
1.4.2011 30.6.2011 47.2 4.2
1.1.2011 31.3.2011 43 3.2
1.10.2010 31.12.2010 39.8 4.7
1.7.2010 30.9.2010 35.1 0.3
1.4.2010 30.6.2010 34.8 3.9
1.1.2010 31.3.2010 30.9 5.6
1.10.2009 31.12.2009 25.3 6.8
1.7.2009 30.9.2009 18.5 1.6
1.4.2009 30.6.2009 16.9 0.3
1.1.2009 31.3.2009 16.6 3.7
1.10.2008 31.12.2008 12.9 3.7
1.7.2008 30.9.2008 9.2 2.9
1.4.2008 30.6.2007 6.3 0.5
1.1.2008 31.3.2008 5.8 1.6
1.10.2007 31.12.2007 4.2 2.9
1.7.2007 30.9.2007 1.3 0.5
1.4.2007 30.6.2007 0.8 0.8
1.1.2007 31.3.2007 0 0

From the corresponding month, PSU has announced the enhanced IDA rates to be implemented as the new IDA rates after the confirmation latest AICPIN by the labor Bureau

2nd PRC Employees IDA Rate Calculation

IDA rate calculation is very easy to be done as the IDA rate revision  is based on the AICPIN

The base index was revised to 01.01.2007 as 126.33 after the second pay revision Let’s find the industrial workers AICPIN for the previous three months

For the 1st January IDA Revision, September, October, November, and December CPI Numbers are required, and for the month of March IDA rates calculation, CPI of January, February, and March are required To make calculations for July March, April, and May CPI Numbers are needed To do IDA revision for October, June, July and August CPI rates are required In order to calculate the Industrial IDA rates, the IDA calculation formula is

IDA for 2nd PRC Employees Calculation Formula

New IDA rate = (Average CPI – Base Index) * 100

Base Index = 126.33

Increase in IDA rate = New IDA rate – Old IDA rate

For Example:

If CPI for March 2020 is 326, April 2020 is 329 and May 2020 expecting is 334, and the average CPI is 329.66, then the calculation would be

[(329.66 – 126.33) / 126.33] * 100  = 160.95(170)

2nd PRC PSU employees IDA Rates Expected From 01.04.2002

New IDA rate = (Average CPI – Base Index) * 100

Base Index = 126.33

Increase in IDA rate = New IDA rate – Old IDA rate

For Example:

If CPI for March 2020 is 326, April 2020 is 329 and May 2020 expecting is 334, and the average CPI is 329.66, then the calculation would be

[(329.66 – 126.33) / 126.33] * 100  = 160.95(170)

CPI Month Index Number Status % of DA Increase from April 2022 (Expecting)
December 21 360 Confirmed
January 21 362 Confirmed
February 21 363 Expecting 4.8 (Expecting)
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