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3 days ago · 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.
1 day ago · According to a circular issued by the Department of Personnel and Training on July 4, 2024, "Attention is drawn to the following orders issued by Department of Expenditure/DoPT in the past and request that consequent upon increase of Dearness Allowance by 4% to 50% w.e.f. 01.01.2024, the payments of the following allowances whereever applicable may be made at enhanced rates of 25% over the existing rates w.e.f. 01.01.2024."
Feb 14, 2024 · Find out how much dearness allowance and dearness relief will increase for central government employees and pensioners in 2024. Learn the formula, calculation and salary impact of DA and DR hike based on CPI-IW data.
Sep 11, 2023 · DA vs HRA. The HRA and the DA are two distinct components with differing tax treatment, thus they should not be confused. One notable distinction is that whereas DA is available to all employees, HRA is only available to those working in the public sector. In addition, HRA is eligible for several tax deductions that are not accessible to DA ...
Dearness allowance is a cost of living adjustment paid by the Indian government to public sector employees and pensioners. Learn about its meaning, types, calculation, tax treatment, and difference with HRA.
- DA stands for Dearness Allowance.
- Yes, a salaried employee is liable to pay tax for DA since it is taxable for employees with a regular salary. Moreover, it is compulsory to declare...
- It is reviewed bi-annually, once every 6 months based on the Cost of Living Index.
- No, private sector employees/pensioners are not qualified to get a dearness allowance in their salary.
- For a pensioner, DA is calculated on the basic pension without commutation. This means the employees will tend to get a certain percent of their or...
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8 hours ago · DA Hike News: The recent announcement of a 4 percent Dearness Allowance (DA) for central government employees, effective from 1st January 2024, has brought the total DA and Dearness Relief (DR ...
Jan 1, 2024 · Dearness Allowance is a component of salary that adjusts for inflation and varies by location and sector. Learn how DA is calculated, treated under income tax, and affected by pay commissions and budget changes.
