Consumer Price Index for October 2022, November 2022, and December 2022 are respectively- 132.50, 132.50, and 132.3. It works out to 62 slabs of DR for the half year February 2023 to July 2023. Hence there will be an increase of 62 slabs in DR from February 2023
No of slabs | Rate per Slab @ | Percentage of DR payable | DR payable on Basic Pension (Before commutation) |
588 | 0.07 | 41.16 % | Basic Pension ×41.16 % |
No of slabs | Rate per Slab @ | Percentage of DR payable | DR on Basic Pension (Before commutation) |
1066 | 0.10 | 106.60% | Basic Pension ×106.60% |
No of slabs | Rate per Slab | Percentage of DR payable | DR payable on Basic Pension (Before commutation) |
1467 | 0.15 | 220.05 % | Basic Pension× 220.05 % |
No of slabs | Rate per Slab | Percentage of DR payable | DR on Basic Pension (Before commutation) |
1604 | 0.18 | 288.72% | Basic Pension× 288.72 % |
Basic pension (before commutation) | DR amount |
Up to basic pension 3550@24% per slab | Basic Pension× 421.20% |
Basic pension from 3551 to 5650 (2100@ 20% per slab) | 14952.60+351 % over 3550 |
Basic pension from 5651 to 6010 (360@ 12% per slab) | 22063.60 + 210.60 % over 5650 |
Basic pension 6011 and above@6% per slab | 22821.76 +105.30 % over 6010 |
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