WebOct 4, 2024 · Here are five things you should know about the hike in dearness allowance, as per the DoE office memorandum. 1) DA for central government employees has been increased from 34 per cent to 38 per cent of the basic pay. The revised rate will be applicable from Jul 1, 2024. WebDearness Allowance (DA): DA is provided to compensate for the inflation impact on the employee during his/her employment period. It is based on the cost of living. Dearness allowance is usually revised twice in a year, first in January and then in July. So it …
How is Dearness Allowance calculated? - India Today
WebJan 4, 2024 · What is an Allowance? It is a fixed amount of money that an employer offers to its employees. The employers pay it over and above the basic pay and dearness allowance. The objective is to meet the specific requirements of the employees. These allowances are a part of the salary and hence taxable. Web2. Variable Dearness Allowance. The Central Government offers this dearness allowance to those employees employed under it. Moreover, it revises it on a half-yearly basis and … devices tracking fleet gps
/ 357739/2024 5 E.S.E.C. A-28/15/l/2024-E-Vl EMPLOYEES …
WebApr 10, 2024 · The undersigned is directed to refer to this Ministry’s letter RBE No. 121/2024 dated 04.10.2024 (F.No. PC-VII/2016/1/7/2/1) on the subject mentioned above and to say that the President is pleased to decide that the Dearness Allowance payable to Railway employees shall be enhanced from the existing rate of 38% to 42% of the Basic Pay with ... The Dearness Allowance (DA) is a calculation on inflation and allowance paid to government employees (including public sector unit employees as public sector unit employees are also government employees) and pensioners in India, Bangladesh and Pakistan. Dearness Allowance is calculated as a percentage of an Indian citizen's basic salary to mitigate the impact of inflation on people. Indian citizens may receive a basic salary or pension that is then s… Webdoes not include: • the cash value of any food concession; • any dearness allowance (that is to say, all cash payments by whatever name called paid to an employee on account of … church farm ew