New BSNL IDA Rates of employees valid from 1st quarter of 2020 – 2021 financial year starts from April 2020 may record an “formidable increase” from 01.04.2020 by crossing 160%, after taken an outstanding increments of PSU IDA from starting of this new previous financial year 2019-2020.
It is the new financial increase for all executive and non executive BSNL employees from 01.04.2020 in the PSU, and it is a compensatory allowance from the Central Government for not being able to contain prices, and all these additional IDA given is taxed as per the slabs of Income Tax, As we said earlier about BSNL IDA calculation, but remains again this, where the Industrial Dearness Allowance (IDA) Rates calculates on All India Consumer Price Index (IW) with the below said points.
(1) It is based on the weighted average of prices for consumer goods and services.
(2) For January to March (4th Quarter of Financial year) of 2020, IDA calculation in the mean of specified months (December 19, January, Feburary 2020) taken into consideration.
(3) It decides as per the price index numbers issued by the Department of Labour Bureau of India, and it is also after taking price changes for each item in the predetermined basket of goods of above months.
Now, as per All India Consumer Price Index Numbers for Industrial Workers CPI(IW) issued by Department of Labour Bureau, CPI records ‘an increase of 3 points’ in the first month(November 2019), and maintains constantly for January 2020 Index too, but decreased by 2 in Feb 2020, So based on these confirmed CPI points, let’s have a look at the confirmed IDA rates for PSU employees and pensioners.
Confirmed IDA from April 2020
Based on this average of three months of confirmed Consumer Price Index Numbers for Industrial Workers CPI(IW), BSNL IDA rates of employees and pensioners increment will be calculated and record an increase of 3.4% in IDA from April 2020 and raised the total IDA at 160.7%.
Even if there is drop happens by 4 points for February 2020 CPI numbers, the BSNL IDA rates will record an increase in IDA up to 2.9%, and if you want to know the confirmed IDA rates, and complete list of upto the date BSNL IDA rates of employees, have a look at the table and the provided link
Department of Public Enterprises will issue the orders for the increase in dearness allowance, accordingly PSU release new instructions to all BSNL circles for new increase of BSNL IDA rates with effect from 01.04.2020, So, with this new CPI Index numbers, BSNL employees and pensioners will gets new IDA rates from New Financial Year 2020 – 2021 with new increase of 3.4%.