What is HRA percentage in West Bengal?

What is HRA percentage in West Bengal?

The rates of HRA will be revised to 27% 18% & 9% for X, Y & Z class cities respectively when Dearess Allowance (DA) crosses 25% and further revised to 30%, 20% & 10% when DA crosses 50%.

What will be expected DA from July 2021?

The DA was restored from 17% to 28% by the Central government, with the hike applicable from the salary of July 2021.

Is house rent allowance dearness allowance?

DA or dearness allowance is calculated as a specific percentage of the basic salary which is then added to the basic salary along with other components like HRA (House Rent Allowance) to make up the total salary of an employee of the government sector.

Is HRA increase in 2021?

In 20217, the Department of Expenditure had issued an order, saying that when the DA will exceed 25%, the HRA will be revised automatically. As per a report by Times Now, the revised HRA will be paid to the Central government employees along with the basic salary of the month.

What is current HRA rate?

The current HRA scheme which is based on the suggestion of the 6th Central Pay Commission is 30% of basic pay + grade pay + military service pay + NPA for personnel residing in Class X cities, 20% for those residing in Class Y cities, and 10% for those residing in Class Z cities.

What is full form of DA?

What is Dearness Allowance. Dearness Allowance is paid by the government to its employees as well as a pensioner to offset the impact of inflation.

What happens when Da is 50%?

For Example, an employee’s basic pay Rs. 10000 as on 1.1. 2011, after merging of 50% dearness allowance the calculation clearly shows the difference only 50 rupees per month. “Note that the 50% of Dearness allowance will not be merged with basic pay, instead, the amount will be shown as ‘Dearness Pay’.

What happens if da crosses 25 %?

If DA Crosses 25 Percent Hike Allowances At present, the HRA is paid at the rate of 24%, 16%, and 8% as per the classification of the cities and towns notified by the Fiance Ministry.

How HRA is calculated?

How is Exemption on HRA calculated?

  • Actual HRA received from employer.
  • For those living in metro cities: 50% of (Basic salary + Dearness allowance) For those living in non-metro cities: 40% of (Basic salary + Dearness allowance)
  • Actual rent paid minus 10% of (Basic salary + Dearness allowance)

What happens when Da crosses 25 %?

The Department of Expenditure had issued an order on 7 July 2017 stating that when the dearness allowance crosses 25 percent, the house rent allowance will be revised. Since July 1, the dearness allowance has been hiked to 28 percent, due to which the house rent allowance has also been revised.