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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 ...
2 days ago · The DA is reviewed twice a year, in January and July, by the Union government. It's important to note that the amount varies depending on the employee's location. DA hiked to 50%: No separate order to be released mentioning increase of HRA, other allowances 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.
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 .
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, 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.
Jul 14, 2021 · The DA hike will benefit about 48.34 lakh central employees and 65.26 pensioners. The Centre on Wednesday increased the Dearness Allowance (DA) and Dearness Relief (DR) for central government...
Mar 8, 2024 · The dearness allowance (DA) for central government employees has been hiked by 4%. With the recent jump, DA has touched 50% for the central government employees. Dearness relief (DR) for central government pensioners has also risen by 4% to 50%.
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.
Feb 9, 2023 · Dearness allowance forms a part of the salary structure. Due to the rapid increase in inflation DA is paid to government employees to offset the impact of inflation. It varies from employee to employee based on their location in the urban, semi-urban or rural area. DA is paid only to:
Oct 21, 2021 · The Union Cabinet on Thursday approved a hike of 3 per cent in dearness allowance (DA) for central government employees and dearness relief (DR) for pensioners over the existing rate of 28 per cent of the basic pay/pension.
