Does DA is applicable for private industry employees ( other than government )? As per statutory requirement, what are the salary components for private industry employees.
From India, Chennai
From India, Chennai
Dearness Allowance which changes according to cost of living index is a mandatory component of salary. But it is not necessary that you should have DA as a separate component provided your total salary is more than the statutory minimum salary fixed by the government and you increase it periodically considering the increase in the cost of living indices.
From India, Kannur
4246From India, Kannur
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02-Revised DA Applicable from 01-04-2013.pdf