I want to know about D.A., how it is calculated for a private company? please explain in detail, I am not clear about the process, what is the percentage to be paid for D.A.?
From India, Mysore
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From India, Mysore
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Dearness Allowance Rates
Dearness Allowance rates will be fixed by the government along with the Minimum Wages notification. Check the Minimum Wage notification for your State/Industry Type and fix your DA accordingly. You should not fix it at a rate lower than the one mentioned in the Minimum Wage notification.
Thank you.
From India, Madurai
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15Dearness Allowance rates will be fixed by the government along with the Minimum Wages notification. Check the Minimum Wage notification for your State/Industry Type and fix your DA accordingly. You should not fix it at a rate lower than the one mentioned in the Minimum Wage notification.
Thank you.
From India, Madurai
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Understanding Dearness Allowance (DA)
DA is a periodic increase in salaries/wages to compensate for an increase in prices. As long as these are above the prescribed minimum wages for each category of employee, do not worry about DA. It is declared by the state government and central government. The process of calculating DA is complex. Normally, 40 to 50%+ of salary/wages should be basic salary, and the rest can be allowances. Please check the applicability of the Minimum HRA Act, as you have not mentioned the state you operate from.
Many queries posted are without basic info, such as the type of organization (factory/establishment), manpower engaged, and location. The applicability of statutes and their sections depends on these factors. Hence, all are requested to incorporate these details in your query. In the absence of these essentials, someone may give wrong advice and cause difficulty for you.
Regards,
Shrikant Prabhudesai
[Email Removed For Privacy Reasons]
From India, Mumbai
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DA is a periodic increase in salaries/wages to compensate for an increase in prices. As long as these are above the prescribed minimum wages for each category of employee, do not worry about DA. It is declared by the state government and central government. The process of calculating DA is complex. Normally, 40 to 50%+ of salary/wages should be basic salary, and the rest can be allowances. Please check the applicability of the Minimum HRA Act, as you have not mentioned the state you operate from.
Many queries posted are without basic info, such as the type of organization (factory/establishment), manpower engaged, and location. The applicability of statutes and their sections depends on these factors. Hence, all are requested to incorporate these details in your query. In the absence of these essentials, someone may give wrong advice and cause difficulty for you.
Regards,
Shrikant Prabhudesai
[Email Removed For Privacy Reasons]
From India, Mumbai
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Dearness Allowance.xls
Dearness Allowance in India-The history.doc
Final Dearness Allowance for the month of July 2021 to December 2021.pdf