#Anonymous

Is it compulsory to have an element of "Dearness Allowance" inbuilt in "Salary"? My company does not have it. Is it an offence?
29th November 2016 From India, Pune
My dear anonymous friend,
The salary structure is never uniform rather it varies from company to company. Normally the following are salary components which forms parts of the CTC (cost to company) :-
~Basic
~Dearness allowance
~Overtime allowance
~Bonus
~City compensatory allowance (CCA)
~Conveyance allowance
~Medical allowance
~Flexible benefit plan
~Leave encashment
~Leave travel allowance
~Gratuity
~Children education or hostel allowance and
~many more likewise
It is no necessary that "Dearness Allowance" should an inbuilt part of the salary. The Dearness Allowance normally forms the part of the salary/wages, where it is linked with the rise and fall of consumer price index based on cost of living of working class people.
BS Kalsi,
Member since August, 2011
30th November 2016 From India, Mumbai
Add Reply Start A New Discussion

Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.
Prime Sponsor: TALENTEDGE - Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)





About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2019 Cite.Co™