DA hike: How is dearness allowance for govt employees calculated? We explain the formula
· livemint.com
As per recommendation of the 7th central pay commission, Dearness Allowance (DA) for central government employees and pensioners is calculated using data from the AICPI index's 12-month average. Here's how…
Dearness Allowance (DA) is a percentage of the basic salary component for central government employees and pensioners which seeks to address rising cost-of-livi...