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shreekanth.pr
19

Can anyone explain me what is meant by VDA Thanks, Shree
From India, Mumbai
malikjs
167

dear as consumer price index increases/decreases government give benefit to empoyee to meet the expenses of inflation.this is given as a variable dearness allowance. tks j s malik
From India, Delhi
tiwari sudhir
22

hi sir is it applicable for all type of employee means contract, trainee, apprentice, or it is depend upon company pls give some detail information about DA/VDA BR/
From India, Bhopal
tiwari sudhir
22

hi, Sir is it applicable for all type of employee such as contract, trainee, apprentice or its depend upon company please give some detail information about DA/VDA. BR/
From India, Bhopal
malikjs
167

dear VDA is applicable to all workmen including trainees but it is not applicable to apprentice hired under apprenticeship act. tks j s malik
From India, Delhi
Awvik
10

Dear,
VDA is a benefit given to employees to meet the expenses for rise in prices and is directly related to the CPI (Consumer price Index) that is published by the Shimla Labour Bureau on a monthly basis. Currently there are three base years viz; 1960=100, 1982=100 and 2001=100 on which the VDA is calculated. Organizations those who give VDA to employees can use anyone of the base years for their calculation of VDA. Generally the union and the management sit together and decide as to what would be the neutralizing factor for each point rise or fall in the CPI e.g. Rs 2/- per point or Rs 3/- per point etc. Once that is decided, then for each month we multiply the rise or fall in CPI to the netralizimg factor and accordingly pay the VDA. Thus VDA is variable as the name suggests and it can rise or fall for every month.
It sounds a bit confusing but VDA is a vast concept and it's really difficult to give such answers here. Hope you understand.
Regards

From India, New Delhi
monica2673
5

Hello sir, Is their any fixed rules by the governament to pay the minimum Basic & VDA for employees depeinding upon the type of industry, tnks monica:icon12:
From India, Bangalore
Awvik
10

Dear Sudhir and Monica,
You can include trainees along with apprentice who are normally not eligible for VDA.
No there is no fixed rule as far as type of industry is concerned but Minimum Wages Act states that the minimum wages as per law and VDA has to be paid to all employees except above stated.
Note: There is a major Supreme Court judgement that states if agreed upon by mutual discussion then the neutralizing factor can be less for people working in higher grades and vice versa in case of payment of VDA.
Regards

From India, New Delhi
pbskumar2006
590

Dear Friends My earlier post in this site for your answer ; Know about Minimum Wages Act a pdf file. OR see the sttachment. Regards, PBS KUMAR
From India, Kakinada
Attached Files (Download Requires Membership)
File Type: pdf KNOW_ABOUT_MINIMUM_WAGES_ACT.pdf (53.9 KB, 240 views)

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