New BSNL IDA Rates from October 2024 for employees valid from 1st quarter of 2024 – 2025 financial year may ready to record an increase in present IDA, after taking astonishing or outstanding increments of PSU IDA from the start of this previous financial year 2024-25.
It is the new rate of financial increase/decrease for all executive and non-executive BSNL employees from 01.10.2024 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 are 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 AICPIN (All India Consumer Price Index (IW)) with the below said points.
- It is based on the weighted average of prices for consumer goods and services.
- For July to September (2nd Quarter of the Financial year 2024-2025) of 2024. IDA calculation in the mean of specified months (June 2024, July 2024, August 2024) taken into consideration.
- 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 4.32 points for the first month (June 2024), and July by 3.744, where August 2024 price index numbers to be released.
IDA Rates from October 2024
Based on this average of three months Consumer Price Index Numbers for Industrial Workers CPI(IW), BSNL IDA rates of employees and pensioners may increased again as expected in huge numbers.
Also, this record an expected increase up to 6.5% IDA from October 2024 which reaches an expected upto 224.3% + 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.
Department of Public Enterprises will issue the orders for the increase in dearness allowance. Accordingly, PSU releases new instructions after 01.10.2024 to all BSNL circles for new increase of BSNL IDA rates from 01.10.2024
So, with this new CPI Index numbers, BSNL employees and pensioners will get new IDA rates from the 4th quarter of the Financial Year 2024-2025.
Expecting BSNL IDA Rates from 01.01.2025
| Month | CPI Numbers | % of Increase Expecting from 01.10.2024 |
|---|---|---|
| September 2024 | — | — |
| October 2024 | — | — |
| November 2024 | — | — |
If there is an increase in index numbers upto 2 points (412.976) for August 24, then BSNL IDA rates from October 2024 may record an increase up to 7% in IDA, Have a look at the above calculator table for expecting rates at different points.
When the 3rd prc pay will approve?
3rd PRC of BSNL may approve during August 2024