Learn how your comment data is processed. Home Dearness Allowance. Kiran Kumari 4 March 19, am. It has been implemented with effect from And the fifth cpc also recommended that the Pay and Allowance should be revised after every five years. But it was not accepted by the Government. Similarly, cities with population more than 5 lakh come under 'Y' category.
And cities with a population of less than 5 lak come under the 'Z' category. According to the Department of Expenditure, when the dearness allowance reaches 50 percent, the maximum house rent allowance will increase to 30 percent. Till now the central government employees were getting dearness allowance at the rate of 17 percent.
But now, DA has been increased to 28 percent. As the impact of inflation varies according to the location of the employee, dearness allowance is calculated accordingly. Thus, DA varies from employee to employee based on their presence in the urban, semi-urban or rural sector. As DA is provided to employees to protect against the price rise in a particular financial year, it is calculated twice every year — in January and July.
The formula to calculate the dearness allowance was changed in by the Government. As per the latest updates, DA is fully taxable for salaried employees. If the employee has been provided with an unfurnished rent-free accommodation, it becomes that part of the salary up to which it forms the retirement benefit salary of the employee, provided that all other pre-conditions are met.
The Income Tax rules in India require the dearness allowance component to be mentioned separately in the returns that have been filed. The Industrial Dearness Allowance for public sector employees undergoes quarterly revision depending on the Consumer Price Index to help offset the impact of rising levels of inflation. It is revised every six months according to the Consumer Price Index to help offset the impact of rising levels of inflation.
VDA in itself is dependant on three different components as given below. The pay commission must evaluate and change the salaries of public sector employees based on the various components that make up the final salary of an employee. Over 1 crore central government employees and pensioners will receive double benefits this year after the DA was temporarily frozen last year.
Though it is not likely for central government employees and pensioners to receive payment with their July salaries, they will receive their dearness allowance with the September salaries.
During the course of the meeting, many decisions for the benefit of the central government employees were taken. One of the decisions was taken regarding the DA after it being under suspension for 18 months now.
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