What is the current DA in India?
What is the current DA in India?
The rate of dearness allowance for the period from January 1, 2020 to June 30, 2021 will remain at 17%. In a Diwali gift to central government employees, in October 2021, the government hiked the DA by 3% over the existing rate of 28% of the basic pay and pension.
What is DA in Indian salary?
Dearness allowance
Dearness allowance (DA), is paid to salaried employees to counterbalance the impact of consumer price inflation. This dearness allowance has been raised by 3% benefitting about 47.68 lakh Central Government employees and 68.62 lakh pensioners.
What is the DA percentage in India?
50%
Currently, DA stands at 50% of the basic salary of an employee.
What is the latest DA for central govt employees?
Dearness Allowance for central govt employees: Revised rates effective this year. Dearness Allowance (DA) of the central government employees and Dearness Relief (DR) to pensioners have been increased by 3 per cent to 34 per cent of the basic pay with effect from January 1, 2022.
What is the expected DA from July 2021?
On 14th July 2021, the Cabinet Committee has taken the decision on Dearness Allowance to hike by 11% from the existing rate for all groups of Central Government employees and pensioners. The newly revised DA percentage from 1st July 2021 is 28%.
What is the expected DA from Jan 2021?
28%
Expected DA from January 2021 is 28%
How DA is calculated in salary?
The current rate of Dearness allowance multiply with your basic salary is Dearness allowance. For example, the existing rate of percentage is 12%, if your basic salary is Rs. 49000. The DA is (49000 x 12) /100.
What will be the DA in July 2021?
The central government had in July 2021 increased the DA and DR for the central government employees and pensioners, respectively, to 28 per cent from 17 per cent after a long pause. Again, in October 2021, the central government employees witnessed a jump of 3 per cent in dearness allowance.
What is the DA rate of May 2021?
Bank Employee DA Rate Chart
| Effective From | % DA Rate (Increased / Decreased) | % of DA Rate Payable |
|---|---|---|
| 01.08.2021 | 2.1 | 27.79 |
| 01.05.2021 | -0.49 | 25.69 |
| 01.02.2021 | -55.72 | 26.18 |
| 11th BPS settled |
How much is the DA in July 2021?
28 per cent
The central government had in July 2021 increased the DA and DR for the central government employees and pensioners, respectively, to 28 per cent from 17 per cent after a long pause.
Who is eligible for DA?
Only public sector employees are eligible for DA. Both public and private sector employees are eligible for House Rent Allowance. No tax exemptions are available in case of DA.
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