Does DA is applicable for private industry employees ( other than government )? As per statutory requirement, what are the salary components for private industry employees.
From India, Chennai
Acknowledge(0)
Amend(0)
From India, Chennai
Acknowledge(0)Amend(0)
Dearness Allowance, which changes according to the cost of living index, is a mandatory component of salary. However, it is not necessary to have DA as a separate component provided your total salary is more than the statutory minimum salary fixed by the government, and you increase it periodically considering the increase in the cost of living indices.
From India, Kannur
Acknowledge(0)Amend(0)
4537From India, Kannur
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Employer cannot compel employees to open salary act in its bank - Kerala HC 14.3.2017.pdf
Dearness Allowance.xls
SALARY CAN BE SPLIT INTO COMPONENTS BUT NOT LESS THAN THE MINIMUM WAGES.docx