Question: VDA points changed from Oct 13 & April 14
Ans: VDA is calculated on bases basis of Consumer Price Index points which is calculated issued on the the basis of price rise by the Statistics department of the Government. We can not calculated it but we have to follow the points issued by them.
VDA Calculation : If , Basic Rs. 3977.00, VDA = difference in points (5780-3944)1836xpaise(0.03)xdays(360)=1652.40.
.....Books regarding this are already available in the market...........
24th April 2014 From India, Bangalore
20th April 2019 From India, Hyderabad
From your submission it appears that VDA of your organization is reviewed 6 monthly. This is not equal for all organizations. It varies. It may be monthly, quarterly, 6 monthly or yearly. It also depends on base year and the rate of monetary neutralization (Formula )
Please study the VDA scheme of your organization and act accordingly.
Thanks & Regds.,
S K Bandyopadhyay (WB, HOWRAH)
+91 98310 81531
21st April 2019 From India, New Delhi