Kalijanni Started The Discussion:
Dear ALL Please go through the draft notification for your value additions kalijanni
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
Dear Ranga Raju
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.
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
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