dearness allowance meaning
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Dearness Allowance is a part of salary paid to the employees under that heading. It is usually like 30% - 80% of basic salary. It is calculated on the inflation and price index. It is meant to compensate the employees for the increase in prices of goods and to maintain a good standard of living with higher costs.
Dearness allowance is paid to government and non-government regular employees usually. Governments revise the percentage periodically every few years. Retired government and public sector employees receive pensions, in which DA is also a component.
Dearness allowance is paid to government and non-government regular employees usually. Governments revise the percentage periodically every few years. Retired government and public sector employees receive pensions, in which DA is also a component.
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Dearness Allowance is a cost of living adjustment allowance paid to Government employees, Public sector employees and pensioners in India, Bangladesh and Pakistan Dearness Allowance is calculated as a percentage of an Indian citizen's basic salary to mitigate the impact of inflation on people.
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