No Tags Found!

siddhi2007
ON WHICH BASIS DEARNESS ALLOWANCE IS CALCULATED?
From India, Kolhapur
nanu1953
334

There are DA/VDA calculation for minimum wages as well as through different schemes both in Public and Private sectors. In all method CPI ( Consumer Price Index) is a common factor but the neutralization process are different. Some cases it is % wise, some cases it is per point neutralization comparing with ups and down of index.

There is index months/quarter etc as well as payable months/quarter etc. It is basically time of review - monthly, quarterly, half yearly or yearly. There is also the base year which may be 1960= 100, 1982 = 100, 2000 = 100 etc. Purpose of changing base year is basically the consumption basket is changing with the years to go. There is also conversion factor from one base year to another base year.

Depending on the DA/VDA scheme you have to understand the overall concept properly.

S K Bandyopadhyay ( WB, Howrah)
CEO-USD HR Solutions

From India, New Delhi
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.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR

All Copyright And Trademarks in Posts Held By Respective Owners.