DA Archives - Tax Heal https://www.taxheal.com/tag/da Complete Guide for Income Tax and GST in India Fri, 13 Mar 2020 11:49:23 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.2 Govt increased 4% DA for Center Govt Employee and Pensioners https://www.taxheal.com/govt-increased-4-da-for-center-govt-employee-and-pensioners.html https://www.taxheal.com/govt-increased-4-da-for-center-govt-employee-and-pensioners.html#respond Fri, 13 Mar 2020 11:49:23 +0000 https://www.taxheal.com/?p=84218 Cabinet approves release of an additional instalment of Dearness Allowance and Dearness Relief due from 1.1.2020 Posted On: 13 MAR 2020 The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has approved to release an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 01.01.2020. … Read More »

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Cabinet approves release of an additional instalment of Dearness Allowance and Dearness Relief due from 1.1.2020

Posted On: 13 MAR 2020

The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has approved to release an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 01.01.2020.  There will be an increase of 4 percent over the existing rate of 17 percent of the Basic Pay/Pension, to compensate for price rise.

The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief would be Rs.12,510.04 crore per annum and Rs.14,595.04 crore in Financial Year 2020-21 (for a period of 14 months from January, 2020 to February, 2021). It will benefit about 48.34 lakh Central Government employees and 65.26 lakh pensioners.

The increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission.

]]> https://www.taxheal.com/govt-increased-4-da-for-center-govt-employee-and-pensioners.html/feed 0 Govt approved DA to Center Govt Employee and DR for Pensioners https://www.taxheal.com/govt-approved-da-to-center-govt-employee-and-dr-for-pensioners.html https://www.taxheal.com/govt-approved-da-to-center-govt-employee-and-dr-for-pensioners.html#respond Wed, 23 Mar 2016 13:57:13 +0000 http://taxheal.com/?p=8196 Release of additional instalment of Dearness Allowance to Central Government employees and Dearness Relief to Pensioners due from 1.1.2016 The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved release of an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to Pensioners w.e.f. 01.01.2016. This represents… Read More »

]]> Release of additional instalment of Dearness Allowance to Central Government employees and Dearness Relief to Pensioners due from 1.1.2016
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved release of an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to Pensioners w.e.f. 01.01.2016. This represents an increase of 6 percent over the existing rate of 119 percent of the Basic Pay/Pension, to compensate for price rise.

This will benefit about 50 lakh Government employees and 58 lakh pensioners.

The increase is in accordance with the accepted formula, which is based on the recommendations of the 6th Central Pay Commission (CPC). The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief would be of Rs. 6796.50 crore per annum and Rs.7929.24 crore respectively, in the financial year 2016-17 (for a period of 14 months from January, 2016 to February, 2017).

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