dear all
i have gone all posts given by friends but most of us donot have idea of DA or VDA.
Basically in private sector we call it VDA and govt sector it is call it DA.
VDA it is basically varaible and it is not at all percentage based as mentioned by our few friends.it is calculated on the basis of all india conumer price index.
now i will explain with example of utter pradesh because it varies state to state.
in U P we check and change VDA in twice a year ie in oct and apr.
EXAMPLE OF U.P.
-------------------
U.P. govt with their notification dated 24 th feb 2006 fixed basic of all category of workers on average price index 522 and these rates were as given below
unslikked-Rs 2600
semiskilled-Rs2964
skelled--rs 3290
mind it it was basic and no vDA that time now VDA will change every year in the month of oct and apr.
now in oct 2008 rates of minimum wages were as given below
BASIC VDA TOTAL
UNSKILLED 2600 562.83 3163
SEMI-SKILL 2964 641.63 3606 (IN ROUND FIGURE)
SKILLED 3290 712 4202
now VDA has to increase wef 01 apr 2009.for that we have to find out the average of all india price index from jan 2008 to june 2008.
ALL INDIA CONSUMER PRICE INDEX
JAN2008 662
FEB2008 671
MAR2008 676
APR2008 685
MAY2008 685
JUN2008 681
--------
TOTAL 4060
NOW WE HAVE TO DIVDE 4060 BY 6 TO GET AVERAGE WHICH COMES TO 676.67
SAY 677
NOW WE CAN CALCULATE VDA WEF 01 APR 2009
UNSKILLED------(677-522 )*2600
----------------- = 772.03
522
NOW MINIMUM WAGES for unskilled is 2600+772.03=3373
SEMISKILLED-----(677-522)*2964
------------------ =880.11
522
NOW MINIMUM WAGES FOR SEMI SKILLED IS 2964+880.11=3845
SKILLED----------(677-522)*3290
------------- =976.92
522
NOW WAGES FOR SKILLED IS 3290+976.92=4267
this is how we calculate VDA
tks
j s malik
From India, Delhi
167i have gone all posts given by friends but most of us donot have idea of DA or VDA.
Basically in private sector we call it VDA and govt sector it is call it DA.
VDA it is basically varaible and it is not at all percentage based as mentioned by our few friends.it is calculated on the basis of all india conumer price index.
now i will explain with example of utter pradesh because it varies state to state.
in U P we check and change VDA in twice a year ie in oct and apr.
EXAMPLE OF U.P.
-------------------
U.P. govt with their notification dated 24 th feb 2006 fixed basic of all category of workers on average price index 522 and these rates were as given below
unslikked-Rs 2600
semiskilled-Rs2964
skelled--rs 3290
mind it it was basic and no vDA that time now VDA will change every year in the month of oct and apr.
now in oct 2008 rates of minimum wages were as given below
BASIC VDA TOTAL
UNSKILLED 2600 562.83 3163
SEMI-SKILL 2964 641.63 3606 (IN ROUND FIGURE)
SKILLED 3290 712 4202
now VDA has to increase wef 01 apr 2009.for that we have to find out the average of all india price index from jan 2008 to june 2008.
ALL INDIA CONSUMER PRICE INDEX
JAN2008 662
FEB2008 671
MAR2008 676
APR2008 685
MAY2008 685
JUN2008 681
--------
TOTAL 4060
NOW WE HAVE TO DIVDE 4060 BY 6 TO GET AVERAGE WHICH COMES TO 676.67
SAY 677
NOW WE CAN CALCULATE VDA WEF 01 APR 2009
UNSKILLED------(677-522 )*2600
----------------- = 772.03
522
NOW MINIMUM WAGES for unskilled is 2600+772.03=3373
SEMISKILLED-----(677-522)*2964
------------------ =880.11
522
NOW MINIMUM WAGES FOR SEMI SKILLED IS 2964+880.11=3845
SKILLED----------(677-522)*3290
------------- =976.92
522
NOW WAGES FOR SKILLED IS 3290+976.92=4267
this is how we calculate VDA
tks
j s malik
From India, Delhi
mam i didnot get clearly idea about your calculation formula of DA. So please explane in easy way of formula.. plea..........se:-?
From India, Pune
From India, Pune
Dear Sudipta i am not able to understand the DA calculation., can u please explain in briefly. with step bu step calculations Regards Rajendra
From India, Mumbai
From India, Mumbai
Hi, Can any one help me to get a excel formula for calculating DA as per the latest and current trend? Thanx
From India, Madras
From India, Madras
Sir, I want to know that what is the procedure of calculating DA in industries. Please povide me the format with percentages. Please clarify the same by showing an example. Regards Vishal Harjani
From India, New Delhi
From India, New Delhi
Dear Friends, I want to know the exact method of calculating the DA. I have gone through the pay commission still i need better clarity Regards,
From India, Hyderabad
From India, Hyderabad
Dear to all
As per act coverage will be 20 or more employees for PF Contribution. Presently if the strength is below 20 it is possible for applying PF Contribution or not required.
Thanks
Raj Narayanan
From India, Madras
As per act coverage will be 20 or more employees for PF Contribution. Presently if the strength is below 20 it is possible for applying PF Contribution or not required.
Thanks
Raj Narayanan
From India, Madras
hey, jus find the attachment here...may be of some use to you. regards, priyanka:)
From India, Mumbai
From India, Mumbai
Friends,
Can you please explain ther terms Vaiable DA, COLI( Cost of Living Index ) and neutralisation point used in calculation of monthly DA for the workmen who are hourly rated in my present company. Please help me to develop a managable knowledge to cope up with the set up of this company.
Best Regards
SANTANUBISWAS
From India, Calcutta
Can you please explain ther terms Vaiable DA, COLI( Cost of Living Index ) and neutralisation point used in calculation of monthly DA for the workmen who are hourly rated in my present company. Please help me to develop a managable knowledge to cope up with the set up of this company.
Best Regards
SANTANUBISWAS
From India, Calcutta
Hai,
Still i am a little bit confused. Will u please clearly explain DA calculation.
DA is actually a variable component, it will be revised on every financial year. But i got data of CPI for every individual month, I have a doubt here, whether we have to take Average CPI for all the 12 months or not. If that is the case then % change in CPI over 2 succesive years is nothing but inflation.
I am totally confused please clear this for me.
My email id is
Regards,
S.N.Raju.U.
From India, Hyderabad
Still i am a little bit confused. Will u please clearly explain DA calculation.
DA is actually a variable component, it will be revised on every financial year. But i got data of CPI for every individual month, I have a doubt here, whether we have to take Average CPI for all the 12 months or not. If that is the case then % change in CPI over 2 succesive years is nothing but inflation.
I am totally confused please clear this for me.
My email id is
Regards,
S.N.Raju.U.
From India, Hyderabad
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