Release of additional instalment of Dearness Allowance and Dearness Relief.

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..... Release of additional instalment of Dearness Allowance and Dearness Relief. - News and Press Release Dated:- 24-3-2012 - News - Press Information Bureau Government of India Ministry of Fina .....

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..... nce 23-March-2012 19:37 IST Release of additional instalment of Dearness Allowance and Dearness Relief The Union Cabinet today gave its approval to release an additional instalment of Dearn .....

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..... ess Allowance (DA) to central government employees and Dearness Relief (DR) to pensioners w.e.f. 1.1.2012 representing an increase of 7% over the existing rate of 58% of the Basic Pay/Pension, to comp .....

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..... ensate for price rise. The increase is in accordance with the accepted formula, which is based on the recommendations of the 6th Central Pay Commission. The combined impact on the exchequer on account .....

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..... of both dearness allowance and dearness relief would be of the order of Rs.7474.53 crore per annum and Rs.8720.32 crore in the financial year 2012-13 (i.e. for a period of 14 months from January, 201 .....

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..... 2 to February, 2013). *** SH/SK - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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