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Feb 9, 2023 · Medical allowance is exempt up to INR 15,000 on a reimbursement basis. Children education allowance is exempt up to Rs. 200 per child per month up to a maximum of two children. Conveyance allowance is exempt up to a maximum of Rs. 1600 per month. Dearness Allowance is paid to Central Government and Public Sector Employees to meet the cost of ...
Jan 1, 2024 · Dearness Allowance (DA) is the cost-of-living adjustment allowance that the government provides to both current and retired members of the public sector. It is determined using the government employee basic salary percentage.Since DA is directly related to the cost of living, the DA component is different for different employees based on their ...
Jul 14, 2021 · The government had frozen DA hikes, which were due from January 1, 2020, July 1, 2020 and January 1, 2021 as coronavirus had dented its revenue.The increase in the DA and DR will impose an ...
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May 23, 2024 · Until the revision happens, Variable DA allowance stays the same. Dearness Allowance and Income Tax exemptions: Dearness Allowance extended to salaried employees is 100% taxable. If the employee is provided with an unfurnished accommodation free of cost, then DA becomes the part of retirement benefit salary which is a component of salary if all the conditions set forth are fulfilled.
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Oct 18, 2023 · The Union Cabinet on Wednesday cleared a 4 per cent Dearness Allowance (DA) and Dearness Relief (DR) hike for central government employees and pensioners, sources told India Today TV. Sources had informed India Today TV on Tuesday that the Centre was all set to approve the 4 per cent DA hike after today's Cabinet meeting.
