Very good news!The wait for 18 months DA arrears is now over DA Arrears

DA Arrears: A relief news has come out for central employees.The dearness allowance (DA) arrears have been stopped for about 18 months.The government has started the process of payment by taking a decision in this regard.This decision will provide financial relief to millions of employees and their families.

Importance of dearness allowance

Dearness allowance ie Dearness Allowance (DA) is part of the basic salary of employees.Its purpose is to maintain the purchasing power of employees amidst increasing inflation.When inflation in the market increases, the government increases DA from time to time.In view of the economic crisis during the Kovid-19 epidemic, the government temporarily stopped the growth of DA.For this reason, the arrears of the employees were stuck.

Why will you get arrears now?

The government has taken this big decision after the country's economic condition improves.Now the stopped DA arrears will get back the employees.This is not only economic relief but also respects the contribution of employees.

Payment process and deadline

The government has directed to implement the payment process in an orderly manner.A special monitoring committee has been formed for this, which will ensure that there is no delay at any level.

Department wise budget allocation

The government has set a budget for different ministries.This department -wise partition shows that the government has taken steps with full preparation.

Necessary information related to tax

On getting DA arrears, employees have to keep in mind that this amount will be considered their income.Therefore, Income Tax will be applied to it.However, tax relief can be availed under Section 89 (1) of the Income Tax Act.Employees can also use tax saving investment for correct tax planning.