Dear friends,
As you know that the Industrial DA w.e.f 01.07.2015 for 2007 & 1997 scales are 102.6% and 242.1% respectively. With the release of All India Consumer Price Index for the Months June & July 2015, the projected Industrial DA w.e.f 01.10.2015 will be 107.6% (increase of 5%) & 250.6% (increase of 8.5%) respectively.
Note : AICPI for August 2015 has yet to come. Final figure may vary accordingly.
Abbas.P.S,
ITI LIMITED,
PALAKKAD - 678 623.
From India, Bangalore
517As you know that the Industrial DA w.e.f 01.07.2015 for 2007 & 1997 scales are 102.6% and 242.1% respectively. With the release of All India Consumer Price Index for the Months June & July 2015, the projected Industrial DA w.e.f 01.10.2015 will be 107.6% (increase of 5%) & 250.6% (increase of 8.5%) respectively.
Note : AICPI for August 2015 has yet to come. Final figure may vary accordingly.
Abbas.P.S,
ITI LIMITED,
PALAKKAD - 678 623.
From India, Bangalore
Dear friends,
As you know that the Industrial DA w.e.f 01.07.2015 for 2007 & 1997 scales are 102.6% and 242.1% respectively. With the release of All India Consumer Price Index for the Months June, July & August 2015, the Industrial DA w.e.f 01.10.2015 will be 107.9% (increase of 5.3%) & 251% (increase of 8.9%) respectively.
Abbas.P.S,
ITI LIMITED,
PALAKKAD - 678 623.
From India, Bangalore
As you know that the Industrial DA w.e.f 01.07.2015 for 2007 & 1997 scales are 102.6% and 242.1% respectively. With the release of All India Consumer Price Index for the Months June, July & August 2015, the Industrial DA w.e.f 01.10.2015 will be 107.9% (increase of 5.3%) & 251% (increase of 8.9%) respectively.
Abbas.P.S,
ITI LIMITED,
PALAKKAD - 678 623.
From India, Bangalore
Thanks Abbasiti,
The varying DA results in enormous work for the HR & payroll since most of the companies adhere to the CTC concept these days.
The delay in the release of the notification by the respective state govt. / statutory bodies further increases the work load, since the arrears would have to be calculated and records would have to be prepared accordingly in the statutory registers. The impact that this increase would have on the balance sheet (as "employee cost") of the company is also something worth considering, especially in the current scenario, where most of the business are not doing good.
Regards,
A.B.
From India, Mumbai
The varying DA results in enormous work for the HR & payroll since most of the companies adhere to the CTC concept these days.
The delay in the release of the notification by the respective state govt. / statutory bodies further increases the work load, since the arrears would have to be calculated and records would have to be prepared accordingly in the statutory registers. The impact that this increase would have on the balance sheet (as "employee cost") of the company is also something worth considering, especially in the current scenario, where most of the business are not doing good.
Regards,
A.B.
From India, Mumbai
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Increase in DA in Maharashtra to 90% from 1.7.2013.pdf
Statutory Compliance of a Industrial or Commercial Unit.xls