What is the other name or component of DEARNESS ALLOWANCE AS our company is paying Basic and special allowance. Do we need to pay DA?
From India, Bengaluru
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4From India, Bengaluru
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Dear colleague,
For Dearness Allowance (DA) under the Minimum Wages Act/Rules, it is referred to as Special Allowance, and it is revised every six months.
If your Special Allowance is the same as stipulated in the Minimum Wages Act/Rules, you do not need to pay a separate Dearness Allowance.
Regards,
Vinayak Nagarkar
HR Consultant
From India, Mumbai
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For Dearness Allowance (DA) under the Minimum Wages Act/Rules, it is referred to as Special Allowance, and it is revised every six months.
If your Special Allowance is the same as stipulated in the Minimum Wages Act/Rules, you do not need to pay a separate Dearness Allowance.
Regards,
Vinayak Nagarkar
HR Consultant
From India, Mumbai
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Special Allowance under Minimum Wages Act-1.1.2016 - 30.6.2016.pdf