Dearness Allowance
As of June 2012, dearness allowance (DA) is calculated as a percentage of an Indian citizen's basic salary and was introduced to mitigate the impact of inflation upon low income earners. Indian citizens may receive a basic salary or pension that is then complemented by a housing and/or dearness allowance; the guidelines that govern the DA vary according to the area of residence (for example, rural or urban).(Allowances paid to employees in order to enable them to face the increasing dearness of essential commodities. )
Read more about Dearness Allowance: History, Rates of Dearness Allowance
Famous quotes containing the words dearness and/or allowance:
“What we obtain too cheap we esteem too lightly; it is dearness only that gives everything its value.”
—Thomas Paine (1737–1809)
“A stirring dwarf we do allowance give
Before a sleeping giant.”
—William Shakespeare (1564–1616)