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Da query

Krishnakumar (accounts) (106 Points)

06 April 2013

Dear All Experts,

Please help me that for any calculation i.e gratuity / leave salary / HRA etc., DA in terms or DA not in terms need to be taken??

And also if in question only DA is given, then what need to be assume??

Thanks in advance,

Krishnakumar R Shukla

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2 Replies

Krishnakumar (accounts) (106 Points)
Replied 09 April 2013

No one is there to solve my query???

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Sathish M (Management Accountant) (40581 Points)
Replied 14 April 2013

Descriptttion	Meaning of Salary
1)When Non Government Employees are covered by "The Payment of Gratuity Act, 1972" :-	Basic salary + D.A

2) When Non Government Employees are not covered by "The Payment of Gratuity Act,1972" :-	Basic salary + D.A ( If covered by terms of employment for Retirement Benefits) + Commission at a fixed percentage on the Turnover achieved by the Employee.

3) Amount deductible on account of Entertainment Allowance ( only in government services):-	Basic salary

4) House rent allowance ( Rule –2A) :-	Basic salary + D.A ( If covered by terms of employment for Retirement Benefits) + Commission at a fixed percentage on the Turnover achieved by the Employee.

5) Employer’s contribution in R.P.F :-	Basic salary + D.A ( If covered by terms of employment for Retirement Benefits) + Commission at a fixed percentage on the Turnover achieved by the Employee.

6) Earned leave / Encashment of earned leave:-	Basic salary + D.A ( If covered by terms of employment for Retirement Benefits) + Commission at a fixed percentage on the Turnover achieved by the Employee.

7) Value of furnished and unfurnished house :-	Basic salary + D.A ( as per as service condition) +bonus + fixed percentage on sale of commission. + all taxable allowance +Encashment of earned leave:-

8) compensations received on retrenchment:-	Salary for the provision of this provision means all remuneration ( cash and value of perquisites) which can be expressed in term of money but this does not include any bonus, gratuity and any contribution to fund established under any act for the welfare of the employee.

9) compensations received on voluntary retirement:-( sec 10 (10c) ( Rule 2BA):-	Basic salary + D.A ( If covered by terms of employment for Retirement Benefits) + Commission at a fixed percentage on the Turnover achieved by the Employee.