Dear ALL Please go through the draft notification for your value additions kalijanni
From India, Guntur
49From India, Guntur
Thank you for the information
and please please help me for how calculate DA
Previously Visakhapatnam Steel Plant follows the State GO
Now they are following Central GO
plese help me to calculate in DA
parden me if any mistakes in my english
mssv prasad
From India, Bangalore
and please please help me for how calculate DA
Previously Visakhapatnam Steel Plant follows the State GO
Now they are following Central GO
plese help me to calculate in DA
parden me if any mistakes in my english
mssv prasad
From India, Bangalore
Dear All, This is only ABSTRACT not G.O. it will be coming into force shortly. Regards, PBS KUMAR
From India, Kakinada
From India, Kakinada
The rates seem to be high compared to other states Also noted that they have fixed min wages even for managers, not just workmen
From India, Mumbai
From India, Mumbai
Dear Friends
Good information.
It will be useful, if anybody can explain how to calculate VDA.
Is the minimum wage notified is inclusive of VDA as on date or any additional VDA amount payable.
Best Regards
K Ranga Raju
From India, Hyderabad
Good information.
It will be useful, if anybody can explain how to calculate VDA.
Is the minimum wage notified is inclusive of VDA as on date or any additional VDA amount payable.
Best Regards
K Ranga Raju
From India, Hyderabad
Dear Ranga Raju
You asked about how to calculate VDA
as per the Draft Notification:
From India, Guntur
You asked about how to calculate VDA
as per the Draft Notification:
The minimum basic rates of wages fixed are linked to the Consumer
Price Index Numbers for the industrial workers at 835 points (Base Year
1982=100 series). The Commissioner of Labour shall notify the Consumer
Price Index numbers for every six months i.e. 1st April and 1st October of thecalendar year.
For this purpose, the average rise in the State Industrial Workers
Consumer Price Index numbers for half year ending December and June
respectively shall be taken into account. For every rise of one point over andabove (835) points, any increase of Rs.6.55 (Rupees six and Paise Fifty Fiveonly) per point per month shall be paid as Dearness Allowance to all thecategories covered in the Schedule.
Price Index Numbers for the industrial workers at 835 points (Base Year
1982=100 series). The Commissioner of Labour shall notify the Consumer
Price Index numbers for every six months i.e. 1st April and 1st October of thecalendar year.
For this purpose, the average rise in the State Industrial Workers
Consumer Price Index numbers for half year ending December and June
respectively shall be taken into account. For every rise of one point over andabove (835) points, any increase of Rs.6.55 (Rupees six and Paise Fifty Fiveonly) per point per month shall be paid as Dearness Allowance to all thecategories covered in the Schedule.
As per the period of CPI noticied this period (i.e 1.4.211 to 30.09.2011)835 it is linked also 835 Hence balance VDA points are 835-835 =0 Hence no need to pay any VDA for this period (i.e 1.4.211 to 30.09.2011)
Example: next period 1st Oct,2011 to 31st March,2011 if the VDA points annouced Appox. 850( this is assuming only)
Hence VAD for that period is 850-835= 15 point we can pay an amout of Rs.6.55 for each point ie 6.55*15= Rs.98.25 will be added to basic wages
Hence VAD for that period is 850-835= 15 point we can pay an amout of Rs.6.55 for each point ie 6.55*15= Rs.98.25 will be added to basic wages
Thanks
Kalijanni
Kalijanni
From India, Guntur
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.
Notification No G.S.R. 1128(E) Contract Labour (Regulation and Abolition) Central Amendment .pdf