Articles for tag: income tax slab, Section 54 of the Income Tax Act

Alex Hoxdson

Dearness Allowance

What is the Dearness Allowance and its current status?

The Dearness Allowance (DA) is an essential component of the salary structure in India, designed to mitigate the impact of inflation on the standard of living for government employees and pensioners. This allowance is a cost of living adjustment that the government employs to ensure that the employees’ purchasing power remains stable despite fluctuations in ...