The formula used for DA calculation for the employees working in public sector units, including PSU banks, is different than the one used for other central government departments.

CTET OMR Sheet 2024: Central Board of Secondary Education (CBSE) has released short notice regarding the release of the Calculation Sheet with a copy of the OMR Sheet for the CTET July 2024 exam.

Now, if the DA jumps to 53%, his DA will rise to Rs 29,256. If the DA increases by 3% in the upcoming round, his salary will be hiked by Rs 29,256 - Rs 27,600 = Rs 1,656.

Clarifying on the applicable DA for gratuity calculation and leave encashment, the Ministry of Finance Office Memorandum says: "Keeping in view that gratuity and cash payment in lieu of leave are ...