What is the meaning of Dearness allowance?
Menu
Dearness allowance
Replies (7)
It's a cost of living adjustments allowance because of rising prices
But Cost of living adjustments allowance is called city compensatory allowance
DA is given to cover inflationary pressure whereas city compensatory allowance is given to employees in big cities for higher standard of living.
It is given to cover the inflationary purpose.... like.... with in a year...if any price rises or..any thing goes wrong with economy....so that employee can survive...
The Dearness Allowance(DA) is a cost of living adjustment to allowance.
Plus DA is % of basic salary while CCA is a fixes amount
yes ,u are correct @ hitesh
Recent Topic
- FEMA treatment — USD gift from LRS-funded fo
- RSU and Schedule FA related
- ELIGIBILITY FOR COMPOSITION SCHEME
- Doubt regarding the purpose of Section 52(3) of Co
- 112 A Filling
- Long Term Capital Loss in ITR2
- LOAN INTEREST BENEFIT ON NEW TAX REGIME
- Retirement funds under new tax regime
- GTA Annexure V Non Compliance
- Calculation of Demand due to interest u/s 220(2)
Related Topics
CAclubindia
