Dear Abbas,
It is really interesting and thankful to you for your interest in sharing your knowledge.
I need some more guidance related to the above discussion:
For Organisation Settlement falls due on 01-06-2008 and as per Government 50% of Basic as on 01-01-2007 should be given separately as Dearness pay which shall be taken in to account for all other eligible allowance.
Now take a example: Employee X is having BASIC of Rs.14,300 as of 01-01-2007(before DA merger)
His DA existing is say approximately Rs.6200/
If we apply the DA merger circular from Government
50% Basic is Rs.7150/- which should be shown as Dearness Pay.
next part comes so arrived Dearness Pay i.e. Rs.7150 should be deducted from paid DA i.e. 6200/- and remaining part should be should be shown as DA in the same manner in the subsequent months from the DA amount paid.
Since DP is more than the DA paid what should be the solution. whether the quantum should be shown as DP as per Govt.Directive and as and when DA crosses this quantum should be debitted as per the GO.
what is the acceptable interpretation.
Then what DA part should be merged with basic as on 01-06-2008 as the LTS fitment methodology.
Please guide.
R.G.Raja
9176839058 chennai
It is really interesting and thankful to you for your interest in sharing your knowledge.
I need some more guidance related to the above discussion:
For Organisation Settlement falls due on 01-06-2008 and as per Government 50% of Basic as on 01-01-2007 should be given separately as Dearness pay which shall be taken in to account for all other eligible allowance.
Now take a example: Employee X is having BASIC of Rs.14,300 as of 01-01-2007(before DA merger)
His DA existing is say approximately Rs.6200/
If we apply the DA merger circular from Government
50% Basic is Rs.7150/- which should be shown as Dearness Pay.
next part comes so arrived Dearness Pay i.e. Rs.7150 should be deducted from paid DA i.e. 6200/- and remaining part should be should be shown as DA in the same manner in the subsequent months from the DA amount paid.
Since DP is more than the DA paid what should be the solution. whether the quantum should be shown as DP as per Govt.Directive and as and when DA crosses this quantum should be debitted as per the GO.
what is the acceptable interpretation.
Then what DA part should be merged with basic as on 01-06-2008 as the LTS fitment methodology.
Please guide.
R.G.Raja
9176839058 chennai