Cabinet approves release of an additional instalment of Dearness Allowance and Dearness Relief due from 1.1.2020

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..... Cabinet approves release of an additional instalment of Dearness Allowance and Dearness Relief due from 1.1.2020 - News and Press Release Dated:- 13-3-2020 - News - The Union Cabinet, chaired by th .....

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..... e Prime Minister, Shri Narendra Modi has approved to release an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 01.01.202 .....

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..... 0. There will be an increase of 4 percent over the existing rate of 17 percent of the Basic Pay/Pension, to compensate for price rise. The combined impact on the exchequer on account of both Dea .....

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..... rness Allowance and Dearness Relief would be ₹ 12,510.04 crore per annum and ₹ 14,595.04 crore in Financial Year 2020-21 (for a period of 14 months from January, 2020 to February, 2021). I .....

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..... t will benefit about 48.34 lakh Central Government employees and 65.26 lakh pensioners. The increase is in accordance with the accepted formula, which is based on the recommendations of the 7th C .....

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..... entral Pay Commission. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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