Transcription of Chapter 4.1 Dearness Allowance - Referencer
{{id}} {{{paragraph}}}
Example: bankruptcy
Chapter 4.1 Dearness Allowance - Referencer
222 Dearness Allowance Introduction The payment of Dearness Allowance stems from the need to protect the erosion in the real value of basic salary on account of inflation. Consequently, the DA admissible is positively correlated to the level of inflation. Views of earlier Pay Commissions Successive Pay Commissions have made changes to the DA formula, suggesting their own methodology for determining the quantum and frequency. Fifth CPC recommendations The Fifth Central Pay Commission recommended uniform neutralization of DA at 100% to employees at all levels; conversion of DA into Dearness Pay each time the CPI increases by 50% over the base index with Dearness Pay counting for all purposes including retirement benefits; and Dearness Allowance including Dearness Pay being paid net of tax. The Commission did not favor the option of employing separate indices for each category of employee because of the sheer impracticality of the task and, therefore, recommended using the 12 monthly average of All India CPI (IW) with base 1982 for calculating DA.
222 Dearness Allowance Introduction 4.1.1 The payment of dearness allowance stems from the need to protect the erosion in the …
Loading..
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document:
Related search queries
THE RELATIONSHIP BETWEEN EXCHANGE RATES, Relationship Between, The relationship between Sustainable, The relationship between Sustainable Development and, An Introduction to Inflation-Linked Bonds, Inflation, IMPACT OF INFLATION ON ECONOMIC GROWTH, Paper, Relationship, Congressional Research Service