Dearness Allowance (DA) is a cost-of-living adjustment allowance paid to employees and pensioners in India to help them cope with rising inflation and increasing living expenses. It is a monetary compensation that aims to maintain the purchasing power of individuals by offsetting the impact of price rises on essential commodities.
Dearness Allowance
What is Basic Salary in India?
Basic salary is the principal component of an employee’s salary package in India. It is the foundational amount upon which various allowances, deductions, and benefits are calculated.