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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.
Sep 11, 2023 · According to the appropriate pay scale, all employers in the public sector provide their workers with a basic salary. The take-home pay is then computed by adding several additional components to the base income. The Dearness Allowance, sometimes known as DA, is one such crucial element. Toggle.
Jun 28, 2024 · Dearness allowance (DA) of central government employees increased to 50% from January 1, 2024. When DA touches 50%, certain allowances such as House Rent Allowance (HRA) are also revised. The Department of Personnel and Training (DoP&T) has already released a list of allowances that will be revised following the hike in DA this month.
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.
Feb 14, 2024 · DA hike, which was effective from January 1, 2023, was announced on March 24, 2023. The DA increase, which was applicable from July 1, 2023, was announced on October 18, 2023. More than one crore central government employees and pensioners will benefit from an increase in DA and DR .
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.
Jul 19, 2024 · Understand the definition of Dearness Allowance (DA), its types, its current monthly rates in 2023, income tax rules, and calculation. Keka HR Katalyst Awards 10:00 AM - 6:00 PM IST
May 16, 2024 · With talks about Dearness Allowance (DA) to be raised to 50%, this blog provides a clear understanding of the importance of DA in compensation by outlining its rates, calculation techniques, categories, and criteria.
Feb 9, 2023 · Variable Dearness Allowance (VDA) Variable Dearness Allowance is applicable to Central Government employees. It is revised on a half-yearly basis depending on the rising levels of inflation. Variable Dearness Allowance fixed by the government remains the same unless basic minimum wages are revised.
