What Does Monthly Allowance Mean?

What is washing allowance?

NEW DELHI: The officers of the Supreme Court will now get ‘washing allowance’ of up to Rs 21,000 per annum, almost equal to a composite dress and washing allowance granted to the Special Protection Group (SPG) and more than what the officers of the Army, Air Force and Navy get every year for their dress and its ….

What is the meaning of daily allowance?

Share. View. Daily Allowance means an allowance granted to a Government employee for each day of his absence from headquarters, which is intended to cover the ordinary daily expenses incurred by a Government employee in consequence of such absence.

What is another word for allowance?

What is another word for allowance?shareportionquotaallotmentgrantallocationlotsliceamountmeasure225 more rows

What is the purpose of an allowance?

An allowance is an amount of money given or allotted usually at regular intervals for a specific purpose. In the context of children, parents may provide an allowance (British English: pocket money) to their child for their miscellaneous personal spending.

Why salary is called compensation?

Your salary is called compensation because you are being compensated for being somewhere you’d rather not be, doing something you’d rather not do.

What is fixed allowance in salary?

It is a fixed component in your pay slip and forms the basic part of the salary. It forms a large portion of your total annual salary. HRA is mostly calculated as 40% /50% of the basic salary whereas PF is calculated at 12% of the basic salary.

What is the opposite of allowance?

What is the opposite of allowance?interdictionprohibitionproscriptionincreaserefusaldenialvetodisavowalnonadmissiondisagreement37 more rows

What is DA in salary slip?

The Dearness Allowance (DA) is a calculation on inflation and allowance paid to government employees, public sector employees (PSE) and pensioners in India, Bangladesh and Pakistan. Dearness Allowance is calculated as a percentage of an Indian citizen’s basic salary to mitigate the impact of inflation on people.

What is the basic salary?

Basic salary is the total amount (before any deductions) paid to employees plus the allowances. It is a fixed amount that is paid to employees by their employers in return for the work performed.

Whats does allowance mean?

noun. the act of allowing. an amount or share allotted or granted. a sum of money allotted or granted for a particular purpose, as for expenses: Her allowance for the business trip was $200.

What are the types of allowances?

Some of the popular allowances that belong to this category are:Entertainment Allowance. … Overtime Allowance. … Dearness Allowance (DA) … Meal Allowance. … City Compensatory Allowance (CCA) … Interim Allowance. … Cash Allowance. … Servant Allowance.More items…

What is the difference between salary and allowance?

As verbs the difference between salary and allowance is that salary is to pay on the basis of a period of a week or longer, especially to convert from another form of compensation while allowance is to put upon a fixed allowance (especially of provisions and drink); to supply in a fixed and limited quantity.

What is a site allowance?

Site allowances were originally created by piling together old payments for working in wet, cold, hot and dirty conditions into one deal, and then linking it to the value of the build– the higher the value, the greater the hourly rate.