What is the meaning of Dearness allowance?
7 Replies
Hitesh
(Student)
(3549 Points)
Replied 13 October 2018
It's a cost of living adjustments allowance because of rising prices
shilpi
(student)
(780 Points)
Replied 13 October 2018
But Cost of living adjustments allowance is called city compensatory allowance
Hitesh
(Student)
(3549 Points)
Replied 13 October 2018
DA is given to cover inflationary pressure whereas city compensatory allowance is given to employees in big cities for higher standard of living.
shashank
(as an article)
(951 Points)
Replied 14 October 2018
It is given to cover the inflationary purpose.... like.... with in a year...if any price rises or..any thing goes wrong with economy....so that employee can survive...
Bhanu
(hyderabad)
(1653 Points)
Replied 14 October 2018
The Dearness Allowance(DA) is a cost of living adjustment to allowance.
Hitesh
(Student)
(3549 Points)
Replied 14 October 2018
Plus DA is % of basic salary while CCA is a fixes amount
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