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Jul 3, 2024 · The dearness allowance for central government has been increased to 50% from 46% from January 1st 2024 onwards. Dearness Allowance is a component of take-home salary. Read on to know more about DA types, calculation, allowance for pensioners & treatment under income tax.
Dearness allowance is a cost of living adjustment which is offered to public sector employees. Read about what is DA, types, rates and calculation of DA on Groww.
Jan 1, 1996 · The Central Government on the recommendations of the Sixth Central Pay Commission had decided that the Dearness Allowance (DA) admissible to all categories of Central Government employees shall be at the following rates.
6 days ago · Latest on DA hike: Now that the Dearness Allowance (DA) has reached the 50% mark, several other allowances will also see an increase. As a result, certain allowances are expected to experience a 25% boost.
Sep 11, 2023 · The dearness allowance (DA) hike for government employees is often seen in the news. But what does it exactly entail? How is DA calculated? How does it affect the salaries and pensions of government employees? Read here to get a better understanding of it.
Jan 1, 2024 · Dearness Allowance (DA) - Know the complete information How to Calculate DA, Types, and a List of States that Increased their DA Hikes. Visit our site now.
Jan 16, 2024 · Dearness Allowance (DA) is a cash allowance paid to employees and pensioners by the government, aimed at hedging the impact of inflation. Similar to, HRA, contribution to provident fund, etc. Dearness allowance is a percentage of the basic salary and is directly related to the cost of living.
7th Pay Commission: After a 4% increase on January 1, a second hike is likely soon and it is expected that DA will increase by 4 to 5% due to inflation.
To facilitate this calculation, we have developed a user-friendly online tool that can determine the current rate of DA and the corresponding amount based on the pay matrix level and basic salary.
May 23, 2024 · Two different methods are used to calculate DA for central government employees and for the central public sector employees. Let's look at methods separately.
