What Is Dearness Allowance And How Exactly It Is Calculated? Heres All You Need To Know

Dearness Allowance (DA) is the cost-of-living adjustment allowance that the government pays to the employees of the public sector as well as pensioners of the same. After the World War II, the DA component was introduced by the government. Here's all you need to know about the allowance and how it is calculated for each employee.