Dear Friends, Can any one help me on Variable Dearness Allowance. What Is VDA How often it will Change How we have to caliculate Regards. S.V.Jayapal Reddy
From India, Hyderabad
1From India, Hyderabad
Dear jaipal,
VDA means Variable Dearness allowance.
I presumed that your employer paying FDA and VDA in salary. The points fixed in Long Term Settlement.
The VDA revision done ever after six months based on Min. wages revision. But you refer your LTS and work accordingly.
regs,
Bhushan
From India, Mumbai
VDA means Variable Dearness allowance.
I presumed that your employer paying FDA and VDA in salary. The points fixed in Long Term Settlement.
The VDA revision done ever after six months based on Min. wages revision. But you refer your LTS and work accordingly.
regs,
Bhushan
From India, Mumbai
Dear S.V,
I would only like to add to what Bhusan had said is that the VDA is changed as per the Government Notification which comes out periodically based on the increase/decrease of Consumer Price Index(CPI) which must be refered to.
Regards,
SC
From India, Thane
I would only like to add to what Bhusan had said is that the VDA is changed as per the Government Notification which comes out periodically based on the increase/decrease of Consumer Price Index(CPI) which must be refered to.
Regards,
SC
From India, Thane
Hai Jaypal Reddy,
This is Sudheer
I think U spoke to me on this topic.
This is basically Known Variable dearness allowance linked with consumer price index which is published by Govt of India.Normally we enter into an agreement with union 1960 or 1980 base and we decide per piont this much amt etc., to pay quarterly,halfyearly. we obtain these points from our FAPCCI
caluculate the same basing on the linking factor and find out any increase/decrease and pay accordingly.
s.sudheer Reddy
This is Sudheer
I think U spoke to me on this topic.
This is basically Known Variable dearness allowance linked with consumer price index which is published by Govt of India.Normally we enter into an agreement with union 1960 or 1980 base and we decide per piont this much amt etc., to pay quarterly,halfyearly. we obtain these points from our FAPCCI
caluculate the same basing on the linking factor and find out any increase/decrease and pay accordingly.
s.sudheer Reddy
Dear Friend,
Kindly click on the following link, it will give you some required information,
https://www.citehr.com/search_new.ph...ance&submit=Go
https://www.citehr.com/search_new.ph...ance&submit=Go
Pls let me know was this information useful,,
If not let me try out more & give information,,,,
In CiteHR you will get A to Z information on HR…..
Regards
M. Peer Mohamed Sardhar
093831 93832
From India, Coimbatore
Kindly click on the following link, it will give you some required information,
https://www.citehr.com/search_new.ph...ance&submit=Go
https://www.citehr.com/search_new.ph...ance&submit=Go
Pls let me know was this information useful,,
If not let me try out more & give information,,,,
In CiteHR you will get A to Z information on HR…..
Regards
M. Peer Mohamed Sardhar
093831 93832
From India, Coimbatore
Hello All,
I need your inputs/advise/comments on the following concern:
My organisation has been providing with Basic + FDA to our employees.
A request for a change to basic + VDA has been received.
I need to know the following :
How is VDA calculated in order to make a comparison between FDA & VDA.
awaiting your responses
I need your inputs/advise/comments on the following concern:
My organisation has been providing with Basic + FDA to our employees.
A request for a change to basic + VDA has been received.
I need to know the following :
How is VDA calculated in order to make a comparison between FDA & VDA.
awaiting your responses
Variable DA is variable according to changes in the consumer price index. The base index will depend upon the industry and the settlement arrived at by the respective state's minimum wages committee. VDA will be calculated at the rate of every increase in the consumer price index over the base so fixed. Therefore, a reference to the CPI is required to pay VDA on a monthly basis. Normally, VDA is a component of minimum wage fixation. VDA of all the employees in a particular industry (say, plywood sector, coir sector, leather sector) will be one and the same irrespective of basis salary.
Fixed DA, on the other hand, is a fixed percentage of the basic salary. Therefore, higher the basic salary the higher will be the FDA. FDA need not necessarily be fixed for a long time. It will also be revised according to changes in the CPI but not frequently. The amount of FDA will not be uniform for all the employees but will depend upon the basic salary.
Regards,
Madhu.T.K
From India, Kannur
Fixed DA, on the other hand, is a fixed percentage of the basic salary. Therefore, higher the basic salary the higher will be the FDA. FDA need not necessarily be fixed for a long time. It will also be revised according to changes in the CPI but not frequently. The amount of FDA will not be uniform for all the employees but will depend upon the basic salary.
Regards,
Madhu.T.K
From India, Kannur
Thank you very much..
can you explain with an example..
for Eg:
VDA for skilled worker is Rs 8 per day.
The index is (i guess) 2001-100
how should i interpret and calculate ?
is there some more information reqd?
can you explain with an example..
for Eg:
VDA for skilled worker is Rs 8 per day.
The index is (i guess) 2001-100
how should i interpret and calculate ?
is there some more information reqd?
Collect the present CPI of your area. Let it be 130. Then for every increase in the CPI over and above 100 (base) you have to pay VDA @ Rs 8 per day. That is, increase in CPI is 30 ( 130- 100) and the VDA will be Rs 240 multiplied by 26 ( for daily rated workers) or 30 (for monthly rated workers)
Regards,
Madhu.T.K
From India, Kannur
Regards,
Madhu.T.K
From India, Kannur
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Dearness Allowance.xls
The Tamil Nadu Minimum Wages Dearness Allowance Notification March 2019.pdf