New BSNL IDA Rates of employees valid from second quarter of 2019 2020 financial year starts from July 2019 may ready to record an “increase” again from 01.07.2019 after taken an outstanding increments of PSU IDA in starting of this new financial year.
It may be the new financial increase for all executive and non executive BSNL employees from 01.07.2019 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 July to September (Second Quarter of Financial year) of 2019, IDA calculation in the mean of specified months (March, April, May 2019) 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 2 points’ in the first month(March 2019), and 3 points for April 19, but May 2019 is yet to be released, let’s have a look at the expected/ confirmed IDA rates for PSU employees and pensioners.
IDA from July 2019
Based on this average of three months confirmed/expecting Consumer Price Index Numbers for Industrial Workers CPI(IW), BSNL IDA rates of employees and pensioners may increase above 4.5% in IDA from July 2019.
If there is an increase in CPI numbers for May 2019 by another 3 points, the expected IDA is 5.5% from 01.07.2019, even if the drop happens by 2 points for May 19 CPI numbers, the BSNL IDA rates will record an increase in IDA up to 4.2%, and if you want to know the confirmed /expecting IDA rates at each CPI number and complete list of up to the date employees BSNL IDA rates, have a look at this IDA calculation.
Department of Public Enterprises will issue the orders for the increase in dearness allowance from 01.07.2019, Accordingly PSU release new instructions to all BSNL circles for new increase of BSNL IDA rates with effect from 01.07.2019, So, with this new CPI Index numbers, BSNL employees and pensioners will gets new IDA rates for second quarter of this financial year 2019 2020.