Dear Seniors,
I would like to gather more information on various price indices and their effect on DA. I am from Tamil Nadu and receive information on a monthly basis about various indices, specifically for my district as well.
We do not have VDA but have Basic, DA, and other allowances. Is there any way I can make use of this information? Please advise.
I understand that National/Festival Holidays wages are eligible only if an employee worked on the preceding and succeeding days of a holiday. Is this correct? Please advise.
From India, Tiruppur
Acknowledge(0)
Amend(0)
13I would like to gather more information on various price indices and their effect on DA. I am from Tamil Nadu and receive information on a monthly basis about various indices, specifically for my district as well.
We do not have VDA but have Basic, DA, and other allowances. Is there any way I can make use of this information? Please advise.
I understand that National/Festival Holidays wages are eligible only if an employee worked on the preceding and succeeding days of a holiday. Is this correct? Please advise.
From India, Tiruppur
Acknowledge(0)Amend(0)
Dear If you don’t have VDA as a salary component in your company, then you don’t need to worry about CPI. CPI is directly related to VDA and nothing else. Regards
From India, New Delhi
Acknowledge(0)Amend(0)
From India, New Delhi
Acknowledge(0)Amend(0)
Hi,
CPI is nothing but VDA. The name is termed differently in different states. CPI stands for Consumer Price Index, and VDA stands for Variable Dearness Allowance. So, both acronyms refer to the same concept.
Regarding the eligibility for receiving holiday wages, an employee must be present either on the succeeding or preceding days of the holiday. If the employee is absent on both the succeeding and preceding days of the holidays, the days in between the absent days are considered as absences, and no holiday wages should be paid by the employer.
Mohan Rao Manager HR
From India, Visakhapatnam
Acknowledge(0)Amend(0)
CPI is nothing but VDA. The name is termed differently in different states. CPI stands for Consumer Price Index, and VDA stands for Variable Dearness Allowance. So, both acronyms refer to the same concept.
Regarding the eligibility for receiving holiday wages, an employee must be present either on the succeeding or preceding days of the holiday. If the employee is absent on both the succeeding and preceding days of the holidays, the days in between the absent days are considered as absences, and no holiday wages should be paid by the employer.
Mohan Rao Manager HR
From India, Visakhapatnam
Acknowledge(0)Amend(0)
Thank you for the inputs..But I would like to have a copy of related (holiday wage) documents / part of act doc for my verification and better understanding.
From India, Tiruppur
Acknowledge(0)Amend(0)
From India, Tiruppur
Acknowledge(0)Amend(0)
Dear Mr. ant 1511 So I guess that Mr. Rao is not correct on the VDA part Any comments, please go ahead. regards
From India, New Delhi
Acknowledge(0)Amend(0)
From India, New Delhi
Acknowledge(0)Amend(0)
i also agree with the part of VDA. I think that Mr. Rao is not clear on this part kamal From Bangladesh
From Bangladesh, Dhaka
Acknowledge(0)Amend(0)
From Bangladesh, Dhaka
Acknowledge(0)Amend(0)
As per section 79 of factories Act 1948 ,incase of Earned leaves holidays needs to be excluded. Regards, Girish
From India
Acknowledge(0)Amend(0)
From India
Acknowledge(0)Amend(0)
My dear Awvik,
It is amazing to find such a lack of awareness. Please do something about it by explaining in detail.
VDA - Variable Dearness Allowance (which is based on CPI). CPI - Consumer Price Index (which is tracked every week by NCAER, FinMin). VDA is in addition to FDA (Fixed Dearness Allowance) and is the variable component of DA. VDA changes every quarter (which is notified) as a percentage change to CPI.
Regards.
From India, Delhi
Acknowledge(0)Amend(0)
It is amazing to find such a lack of awareness. Please do something about it by explaining in detail.
VDA - Variable Dearness Allowance (which is based on CPI). CPI - Consumer Price Index (which is tracked every week by NCAER, FinMin). VDA is in addition to FDA (Fixed Dearness Allowance) and is the variable component of DA. VDA changes every quarter (which is notified) as a percentage change to CPI.
Regards.
From India, Delhi
Acknowledge(0)Amend(0)
Dear Mr. Hansdah,
That's the problem with a few members on this site. They are so confident about themselves that they don't really bother about what comments they are posting. They don't realize that what they are posting is affecting the new generation of HR professionals who are not aware of such complicated matters as VDA or CPI. They are getting the wrong information, which in turn is affecting their HR knowledge.
By the way, I have posted earlier on matters related to VDA and CPI. So, if anyone is interested, he or she can check my earlier post.
Regards
From India, New Delhi
Acknowledge(0)Amend(0)
That's the problem with a few members on this site. They are so confident about themselves that they don't really bother about what comments they are posting. They don't realize that what they are posting is affecting the new generation of HR professionals who are not aware of such complicated matters as VDA or CPI. They are getting the wrong information, which in turn is affecting their HR knowledge.
By the way, I have posted earlier on matters related to VDA and CPI. So, if anyone is interested, he or she can check my earlier post.
Regards
From India, New Delhi
Acknowledge(0)Amend(0)Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.