Tue, Oct 29, 2024
Employees’ Pension Scheme (EPS) was launched in 1995 to help employees get a monthly pension post retirement. Therefore, let’s check out what will be your monthly pension if you are 25 years old and have a pensionable service of 33 years.
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Fri, Oct 04, 2024
The Mizoram government on Thursday approved a proposal to hike dearness allowance of its employees by 4 per cent from November. The decision was taken in a cabinet meeting chaired by Chief Minister Lalduhoma, an official said.
Thu, Sep 26, 2024
Variable dearness allowance (VDA) is a component of wage structures that helps in offsetting the impact of inflation on the earnings of workers.
Fri, Mar 15, 2024
The state government has also issued orders to provide Dearness Relief (DR) to its pensioners and family pensioners from January 1, 2024, onwards.
Thu, Mar 14, 2024
Rajasthan government has also followed suit by hiking dearness allowance of employees and pensioners by 4 per cent.
Wed, Mar 13, 2024
7th Pay Commission: Following in the footsteps of the central government, the Yogi government in Uttar Pradesh and Manik Saha-led Tripura government have increased dearness allowance (DA) and dearness relief (DR) in their respective states. With Holi celebrations just a few days away, the decision will give relief to 10 lakh employees, 12 lakh pensioners and eight lakh teachers in the UP government. Last week, Centre also revised tax exemption limit for gratuity, and HRA rates.
Fri, Mar 08, 2024
7th Pay Commission: The central government has announced a four per cent hike in dearness allowance (DA) and dearness relief (DR). It has also increased House Rent Allowance (HRA) and also hiked tax exemption limit for gratuity. After a four per cent hike, the DA has reached at 50 per cent. Now, the question is whether this 50 per cent DA will add to the basic pay and will become zero? When and how can the 50 per cent DA be merged with basic pay? Read to know more
Dearness Allowance for central government employees, DA 2024: Dearness Allowance (DA) is a component of a person's salary that is adjusted to counter the impact of inflation on their purchasing power. Dearness allowance is calculated as a percentage of a government employee’s basic salary and is usually adjusted twice a year, depending on the rate of increase in consumer prices (retail inflation). Simply put, this additional allowance aims to ensure that employees can cope with the rising cost of living.
7th Pay Commission: The central government on Thursday evening announced an increment of four per cent in dearness allowance (DA) and dearness relief (DR), which has now increased from 46 per cent to 50 per cent Alongside that, Centre also announced an increase in the tax exemption limit of gratuity. The central government employees don't have to pay any tax up to Rs 25 lakh gratuity. The earlier limit for the same was Rs 20 lakh.
The DA is calculated as a percentage of an employee's basic salary. Depending on inflation, it is adjusted twice a year. It is calculated on the consumer price index (CPI) and industrial average. When we calculate DA on the basis of CPI, we first determine CPI. The CPI is published by the Labour Ministry of the central government.
Thu, Mar 07, 2024
Cabinet has approved additional installment of Dearness Allowance and Dearness Relief of 4% to Central Government employees and pensioners on Thursday, March 7.
The central government announced a four per cent DA hike on Thursday evening. As per the recommendations of the 7th Pay Commission, if the DA reaches 50 per cent, there will also be a hike in the house rent allowance, children's education allowance, transport allowance, etc. With these hikes, the central government staff's take-home pay package will increase significantly.
Mon, Nov 06, 2023
Dearness allowance hike, DA hike: In a post on X (formerly Twitter), UP CM said, "Dearness allowance at the rate of 46 per cent of the basic salary will be provided to all the state employees, aided educational and technical educational institutions, urban bodies, UGC employees, work-charged employees and pensioners who are contributing to the progress of Uttar Pradesh."
Fri, Oct 20, 2023
DA Hike Latest News: Odisha Chief Minister Naveen Patnaik on Friday announced a four per cent hike in Dearness Allowance (DA) and Dearness Relief (DR) for state government employees and pensioners.
Wed, Oct 18, 2023
Central government on Wednesday (October 18) approved a 4 per cent hike in dearness allowance.
Wed, Sep 06, 2023
Dearness allowance is given to Central government employees and pensioners as per the recommendations of the 7th Pay Commission to help their salary keep pace with inflationary trends.
Wed, Jul 19, 2023
Chhattisgarh DA Hike news 2023: Chhattisgarh chief minister announced a 4 per cent Dearness Allowance (DA) hike for approximately 5 lakh state government employees, taking the prevalent DA rate to 42%.
Thu, Jun 15, 2023
Dearness Allowance (DA), Dearness Relief (DR) Hike News 2023: As per the notification released by the Department of Expenditure under the Ministry of Finance, the rate of Dearness Allowance (DA) of these employees of Central Government and Central Autonomous Bodies will be enhanced from the existing rate of 396% to 412% of basic pay w.e.f. 01.01.2023.
Fri, Jun 02, 2023
In a move that will bring relief to millions of central government employees, the 7th Pay Commission is expected to announce a significant hike in salaries. The decision is anticipated to raise the Dearness Allowance (DA) and Fitment Factor, ensuring a substantial increase in monthly incomes.
Tue, May 30, 2023
Apart from DA, the Basic Pension or Family Pension has also been increased, which will also be applicable to those pensioners in the Aided Educational Institutions whose Pension/Family Pension is paid out of the Consolidated Fund of the state.
Fri, Apr 28, 2023
DA Hike News, Dearness Allowance: The data for the month of March will be released today, but the increase in the index over the past few months already suggests that central government employees can expect a DA hike between 3% to 4% from July this year.
Sat, Apr 15, 2023
An official statement said that the decision to hike DA would put an additional burden of about Rs 500 crore on the state's exchequer
Sun, Mar 26, 2023
DA Hike: The pensioners and state government employees will now receive a 42 per cent dearness allowance (DA) with effect from January 1, 2023. Earlier, 38 per cent DA was being given to them.
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