Poonawalla fincorp
Poonawalla fincorp

DA Rules

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
13 May 2011 I want to know when DA (Dearness Allowance) is received by new employee?



Please give me answer as soon as possible

13 May 2011 Dearness allowance (D.A.) is part of a person's salary, it is calculated as a percent of the basic salary, and added to the basic salary along with house rent allowance to get the total salary. Rates vary as per rural/urban areas etc.
The following table shows the rates of Dearness Allowance (as on August 2010)
Date From Which Payable Rate (in Percentage) 1-1-2007 6
1-7-2007 9
1-1-2008 12
1-7-2008 16
1-1-2009 22
1-7-2009 27
1-1-2010 35
1-7-2010 45
1-1-2011 51 (6 % hike declared on 21st March from 45% to 51%)[1
DA for central government employees from January 2011 is expected to be 51 %. This calculation is based on the AICPIN up to the month of November 2010. Once the DA rate touches 50%, the allowances like conveyance allowance, children education allowance etc will be increased 25% more.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries