Dear sir/Ma'm
If some one's salary is 5000 and we want to enroll him in Pf then how we will brake his salary so that we pay his Pf amount on his basic salary, how/where we adjust his remaining amount of salary.
Thanks
Regards
Atif
From India, Moradabad
7If some one's salary is 5000 and we want to enroll him in Pf then how we will brake his salary so that we pay his Pf amount on his basic salary, how/where we adjust his remaining amount of salary.
Thanks
Regards
Atif
From India, Moradabad
Dear all, I just want to know that, an employee on probetion period is elegible for EL & Bonus or not. As per factory act 1948. (salary Rs. 13000 pm) regards Atif
From India, Moradabad
From India, Moradabad
Considering the living cost and all, Wage Revision is being done once in five years or ten years. But inflation will go up day by day and subsequently the money value will come down. To compensate this we have to wait till the next Wage Revision, which is not practical. That is why the DA is introduced.
The devaluation of money can be assessed through Whole Sale Price Index, All India Cosumer Price Index etc. The difference between these two is that, price variation of all commodities are taken into account for Whole Sale Price Index. But the All India Consumer Price Index is based on a particular cosumer viz. Industial Worker and that even, on some specified commodiies & services called "Basket of goods".
Based on All India Consumer Price, Industrial DA being paid; variable in quarters commencing from January, April, July & October. I.e. for January the AICPI will be the average of previous September, October & November. Similarly for April it will be December, January & February, for July it will be March, April & May and for October it will be June, July & August respectively.
When the money devaluation is fully compensated it is called as full DA neutralisation. The formula for full DA neutralisation = (Total points - Base points)/ Base points (in percentage). The AICPI is introduced in India in 1960 and revised in 1982 & 2001. AICPI of 2001 x 4.63, we get AICPI of 1982 and AICPI of 1982 x 4.93, we get AICPI of 1960. For DA calculation AICPI of 1960 is accepted as the base.
Now in India mainly two term's wage settlements are in exist; Wage Settlements of 1.1.1997 & 1.1.2007. The base point in 1.1.1997 is 1708 & in 1.1.2007 is 2884.
I shall quote one example,i.e. calculation of AICPI for July '10. This is equalent to average of previous March, April & May; which recorded as 170, 170 & 172 (Base year 2001). Multiply with 4.63 and round, we get 787,787 & 796 (Base year 1982). Multiply with 4.93 and round, we get 3880,3880 & 3924 (Base year 1960). Find average of these 3 and round, we get 3895.
DA for 1.1.97 scale. Total points - 3895, Base points - 1708, Total - Base = 2187. % is 2187/1708 x 100 = 128.0 ( Correct to one decimal).
DA for 1.1.2007 scale. Total points - 3895, Base points - 2884, Total - Base = 1011. % is 1011/2884 x 100 = 35.1 ( Correct to one decimal).
I shall insert Excel sheet for IDA calculation w.e.f 1.10.2008. You may extent the rows further (as necessary) and just enter the 3 indexes towards the year 2001 in green colour columns. The results will appear in yellow and red is used for static informations.
With regards
ABBAS.P.S,
Secretary,
ITI Employees' Association,
ITI Limited, PALAKKAD - 678 623,
KERALA, INDIA.
+91 9447 467 667
AICPI (base 2001) can be had from the following site.
Labour Statistics Page 2
From India, Bangalore
The devaluation of money can be assessed through Whole Sale Price Index, All India Cosumer Price Index etc. The difference between these two is that, price variation of all commodities are taken into account for Whole Sale Price Index. But the All India Consumer Price Index is based on a particular cosumer viz. Industial Worker and that even, on some specified commodiies & services called "Basket of goods".
Based on All India Consumer Price, Industrial DA being paid; variable in quarters commencing from January, April, July & October. I.e. for January the AICPI will be the average of previous September, October & November. Similarly for April it will be December, January & February, for July it will be March, April & May and for October it will be June, July & August respectively.
When the money devaluation is fully compensated it is called as full DA neutralisation. The formula for full DA neutralisation = (Total points - Base points)/ Base points (in percentage). The AICPI is introduced in India in 1960 and revised in 1982 & 2001. AICPI of 2001 x 4.63, we get AICPI of 1982 and AICPI of 1982 x 4.93, we get AICPI of 1960. For DA calculation AICPI of 1960 is accepted as the base.
Now in India mainly two term's wage settlements are in exist; Wage Settlements of 1.1.1997 & 1.1.2007. The base point in 1.1.1997 is 1708 & in 1.1.2007 is 2884.
I shall quote one example,i.e. calculation of AICPI for July '10. This is equalent to average of previous March, April & May; which recorded as 170, 170 & 172 (Base year 2001). Multiply with 4.63 and round, we get 787,787 & 796 (Base year 1982). Multiply with 4.93 and round, we get 3880,3880 & 3924 (Base year 1960). Find average of these 3 and round, we get 3895.
DA for 1.1.97 scale. Total points - 3895, Base points - 1708, Total - Base = 2187. % is 2187/1708 x 100 = 128.0 ( Correct to one decimal).
DA for 1.1.2007 scale. Total points - 3895, Base points - 2884, Total - Base = 1011. % is 1011/2884 x 100 = 35.1 ( Correct to one decimal).
I shall insert Excel sheet for IDA calculation w.e.f 1.10.2008. You may extent the rows further (as necessary) and just enter the 3 indexes towards the year 2001 in green colour columns. The results will appear in yellow and red is used for static informations.
With regards
ABBAS.P.S,
Secretary,
ITI Employees' Association,
ITI Limited, PALAKKAD - 678 623,
KERALA, INDIA.
+91 9447 467 667
AICPI (base 2001) can be had from the following site.
Labour Statistics Page 2
From India, Bangalore
Dear Prakash,
I have detailed the calculation of Industrial DA above. Also I have inserted the Excel sheet. Then why do you ask this question.
As per the All India Cosumer Price Index of June & July, the projected figure of IDA wef 1.10.2010 for Revised Scales (1.1.2007 scales) is 39.8% (enhancement of 4.7%) and for Pre revised Scales (1.1.1997 scales) is 136.1% ( enhancement of 8.1%).
Abbas.P.S
From India, Bangalore
I have detailed the calculation of Industrial DA above. Also I have inserted the Excel sheet. Then why do you ask this question.
As per the All India Cosumer Price Index of June & July, the projected figure of IDA wef 1.10.2010 for Revised Scales (1.1.2007 scales) is 39.8% (enhancement of 4.7%) and for Pre revised Scales (1.1.1997 scales) is 136.1% ( enhancement of 8.1%).
Abbas.P.S
From India, Bangalore
Dear All,
Will anybody explain me, whether Dearness Allowance can be an Negotiable Element while forming and Workmen Agreement, If Wages Paid to workemen are more than Minimum Wages?
As an support please attach case law if any.
Thanks
Shahu Bhonsle
Executive-Human Resources
From India, Mumbai
Will anybody explain me, whether Dearness Allowance can be an Negotiable Element while forming and Workmen Agreement, If Wages Paid to workemen are more than Minimum Wages?
As an support please attach case law if any.
Thanks
Shahu Bhonsle
Executive-Human Resources
From India, Mumbai
Friends,
I am running a transporting company. I have morethan 800 workers. The Union leaders are claiming DA at a particular amount. But I am sure even they donot know what they are talking about. They never heared about the Simla index. For Motor Transport workers the DA has to pay @ Rs.2 per mensum for points above 1000 points. Now my problem is what is the present points. How to arrive at he Points.
Linking Factor and inflation rate, are they the same ?
Indices and Points, are they the same ?
Somebody has got to help me to solve the problem.
T T kuruvilla
From India, Kottayam
I am running a transporting company. I have morethan 800 workers. The Union leaders are claiming DA at a particular amount. But I am sure even they donot know what they are talking about. They never heared about the Simla index. For Motor Transport workers the DA has to pay @ Rs.2 per mensum for points above 1000 points. Now my problem is what is the present points. How to arrive at he Points.
Linking Factor and inflation rate, are they the same ?
Indices and Points, are they the same ?
Somebody has got to help me to solve the problem.
T T kuruvilla
From India, Kottayam
Dear All who are in need of answer to this question.
I too came here to search the same thing...."the % of DA"
This is what I have got.it will help you. and after surfing a lot I also have come to believe that DA is not fixed % of Basic pay. It can be calculated with the help of formula given below. You will need the Consumer Price Index (CPI) for calculating it. Search for it on the net.
And if can't find CPI and feel calculation is difficult, you can go ahead with 50% to 60% of Basic pay as DA. This information was also provided by one of our senior member. According to me it is ok to keep DA between 50 to 60 %....as it is anyway not fixed.
Calculation of Dearness Allowance
Formula = [ {avg. AICPI for last 12 month - 115.76} *100 ] / 115.76
For 01/01/2007 D.A calculation
avg.AICPI in the year 2007 is = 118.95
D.A on 01/01/2007 = [{ 118.95 - 115.76}*100] / 115.76 = 2%
Hope that helps......
From India, Pune
I too came here to search the same thing...."the % of DA"
This is what I have got.it will help you. and after surfing a lot I also have come to believe that DA is not fixed % of Basic pay. It can be calculated with the help of formula given below. You will need the Consumer Price Index (CPI) for calculating it. Search for it on the net.
And if can't find CPI and feel calculation is difficult, you can go ahead with 50% to 60% of Basic pay as DA. This information was also provided by one of our senior member. According to me it is ok to keep DA between 50 to 60 %....as it is anyway not fixed.
Calculation of Dearness Allowance
Formula = [ {avg. AICPI for last 12 month - 115.76} *100 ] / 115.76
For 01/01/2007 D.A calculation
avg.AICPI in the year 2007 is = 118.95
D.A on 01/01/2007 = [{ 118.95 - 115.76}*100] / 115.76 = 2%
Hope that helps......
From India, Pune
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Maharashtra DA,Special allowance July 14 to Dec 14 - Notification.pd f
Calculate Your Age.xls