Dearness Allowance (DA) is a salary element designed to offset inflation’s effect on employees’ buying power. It’s calculated using the average All India Consumer Price Index (AICPIN) for Industrial Workers over 12 months. DA calculation involves subtracting 90.76 from this average, multiplying by 100, and dividing by 90.76.
Explore the updated provisions for General Provident Fund (GPF) withdrawals and advances as per the recent memorandum from the Department of Pension & Pensioners Welfare. Learn about the expanded purposes, increased limits, and simplified procedures for government employees to make the most of their GPF benefits
Discover the array of tax benefits available for Senior Citizens and Super Senior Citizens under the Income-tax Act, 1961. From higher exemptions to specialized deductions, explore how seniors can optimize their tax liabilities. Download the e-Brochure for detailed insights
The Indian Railway Ministry has announced a revision in the flat rate of Licence Fee (Standard Rent) for railway residential properties, effective from July 1, 2023. This update follows a previous revision in July 2020. The revised rates, detailed in Annexure-A, apply to all railway residential accommodations, excluding sub-standard ones. Immediate implementation of these changes has been directed.
The Central Government has announced a significant hike in the Dearness Relief for pensioners, which will be effective from 01.07.2023. This decision comes as a relief for the pensioners who have been waiting for an increase in their monthly pension. The Dearness Relief is a component of the pension that is provided to retired government … Read more