HomeBusinessIncrease in DA will increase the amount of PF and gratuity of...

Increase in DA will increase the amount of PF and gratuity of employees, understand the calculation like this

PF or gratuity will increase like this
Provident Fund ie PF and gratuity amount is calculated on the basic salary of the employee.  With the increase in DA of the employees, the basic salary will also increase and this will increase their PF contribution. It is worth noting that the contribution of the employee in the PF fund is 12 percent. With the increase in the basic salary, its amount increases. The amount of gratuity is also calculated on the basis of this.   

DA arrears will not be available 
The central government had banned the increase in dearness allowance to the employees from January 2020. Now the 11 percent increase in DA has been implemented from July 1, 2021. At the same time, the employees were demanding that the government should pay them DA from the time of stopping the hike, but the government refused it. This means that last year due to Corona, the government had banned DA,   DA arrears of those almost 18 months will not be available to the employees.  

Relief to pensioners also
The central government has also increased the dearness relief (DR) given to pensioners by 11 percent. This has also been implemented from July 1, 2021.

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