5th CPC DA increased from 412% to 427%. The Ministry of Finance, Government of India, has issued an Office Memorandum (OM) regarding the revision of rates of Dearness Allowance (DA) for employees of the Central Government and Central Autonomous Bodies. This revision applies to those employees who are continuing to draw their pay in the […]
Dearness Allowance
Indian Banks’ Association: Dearness Allowance Update for Nov-Jan 2024
Indian Banks’ Association: Dearness Allowance Update for Nov-Jan 2024 The Indian Banks’ Association (IBA) has recently released an important update regarding the Dearness Allowance (DA) for bank employees for the months of November, December 2023, and January 2024. This update brings good news for the employees as it includes an increase in the DA slabs. […]
How to Calculate Dearness Allowance 2024 – A Simple Formula
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.
Tamil Nadu Government Announces 4% Dearness Allowance Hike for Its Employees
The Tamil Nadu government has raised the Dearness Allowance (DA) for its employees by 4%. The move, which benefits thousands of employees and retirees, aims to offset inflation and the rising cost of living. This increase, recommended by the Pay Commission, also stimulates economic growth by boosting disposable income and spending. Employee associations have welcomed the decision.
Expected Dearness Allowance From January 2024
Dearness Allowance 2024 Dearness Allowance (DA) is an important component of the salary for government employees in India. It is a cost of living adjustment allowance that is calculated as a percentage of the basic salary to mitigate the impact of inflation on the purchasing power of employees. The DA is revised twice a year, […]