Section 5(1) in Life Insurance Corporation of India Class-I Officers (Revision of Terms and Conditions of Service) Rules, 1985
(1)The scale of dearness allowance applicable to Class I Officers shall be determined as under:-(a)Index : All India Average Consumer Price Index Number for Industrial Workers.(b)Base : Index No.2944 in the series 1960=100.(c)Rate : For every four points in the quarterly average of the All India Consumer Price Index above 2944 points, a Class I Officer shall be paid dearness allowance at the rate of 0.15 % of Pay.]Explanation. - For the purposes of this rule, "Pay" means basic pay including additions to the basic pay after reaching maximum of the scale as provided under rule 4A of these rules.;
