BSNL IDA Rates from April 2023 may Record Increase upto 1.2%

New BSNL IDA Rates of employees valid from the 1st quarter of 2023 – 2024 financial year starts from April 2023 may record a “formidable growth” from 01.04.2023, after taking outstanding increments of PSU IDA from the starting of this previous financial year 2022-23.

News:- BSNL IDA Rates (Arrears) from 01.10.2020 to 30.06.2021 may paid to Non Executive employees of BSNL including industrial workers as per the fund availability vide order issued on 27.10.21 as 165.4% from 1.10.20, 171.7% from 01.1.21, and 170.5% from 01.04.21.

It is the new rate of financial increase/decrease for all executive and nonexecutive BSNL employees from 01.04.2023 in the PSU, and it is a compensatory allowance from the Central Government for not being able to contain prices.

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 April to June (1st Quarter of the Financial year 2023-2024) of 2023. IDA calculation in the mean of specified months (December 2022, January 2023, February 2023) taken into consideration.
3. It decides as per the price index numbers issued by the Department of Labour Bureau of India. It is also after taking price changes for each item in the predetermined basket of goods of the above months.

Now, as per All India Consumer Price Index Numbers for Industrial Workers CPI(IW) issued by the Department of Labour Bureau, CPI may record a decrease of 0.576 points for first month (December 2022), and Jan/Feb 2023 price index numbers yet to be announced.

IDA Rates from April 2023

Based on this average of three months Consumer Price Index Numbers for Industrial Workers CPI(IW), BSNL IDA rates of employees and pensioners increased again as expecting in huge. Also, this may record an expecting increase by 1.2% IDA from April 2023 which may reach upto 202.3% as total IDA for an employee.

Based on these, CPI index points, let’s have a look at the confirmed IDA rates for PSU employees and pensioners from starting of the 2nd PRC.

Confirmed / Expecting BSNL IDA Rates

Department of Public Enterprises will issue the orders for the increase in dearness allowance. Accordingly, PSU releases new instructions after 01.04.2023 to all BSNL circles for new increase of BSNL IDA rates from 01.04.2023. So, with this new CPI Index numbers, BSNL employees and pensioners will get new IDA rates from the 4nd quarter of Financial Year 2022-2023.

Expecting BSNL IDA Rates from 01.07.2023

Even if there is decrease in index number upto 2 points for Feb 23, BSNL IDA rates may records an increase in IDA up to 0.6%. Have a look at the above calculator table for expecting rates at different points.