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Whether Dearness Pay is counted as Basic Pay for recovery of 10% for Tier-I?

April 26, 2017BASIC dearness pay recovery tier-i

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Whether Dearness Pay is counted as Basic Pay for recovery of 10% for Tier-I?

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Ans. – As per the scheme, the total Dearness Allowance is to be taken into account for working out the contributions. Subsequently, a part of the Dearness Allowance has been treated as Dearness Pay. Therefore, this should also be reckoned for the purpose of contributions.