Understanding the New Industrial DA Rates for 2012: How Does It Affect You?

Wishing you a happy and prosperous New Year 2012. As you know, the Industrial DA from 1.10.2011 onwards is 52% for the 1.1.2007 scale and 156.6% for the 1.1.1997 scale. From 1.1.2012 onwards, it is enhanced to 56.7% (a difference of 4.7%) for the 1.1.2007 scale and 164.6% (a difference of 8%) for the 1.1.1997 scale.

Regards,
Abbas.P.S, ITI Ltd, PALAKKAD - 678 623. Ph. [Phone Number Removed For Privacy Reasons]

Minimum Wages Revision – January 2012 to June 2012

Dear All, this is to inform you that the rates of Minimum Wages are revised for the period from 1st January 2012 to 30th June 2012. The Special Allowance is revised from Rs. 1783.50 to Rs. 2004.90 (an increase of Rs. 221.40 per month). The details are as follows:

FOR CONSTRUCTION OF ROADS / BUILDING

MAHARASHTRA ZONE-I

- Unskilled
- Basic P.M.: Rs. 4750.00
- Spl. Allowance P.M.: Rs. 2004.90
- Per Month: Rs. 6754.90
- Per Day (Divided by 26): Rs. 259.80

- Semi Skilled
- Basic P.M.: Rs. 4850.00
- Spl. Allowance P.M.: Rs. 2004.90
- Per Month: Rs. 6854.90
- Per Day (Divided by 26): Rs. 263.65

- Skilled
- Basic P.M.: Rs. 4950.00
- Spl. Allowance P.M.: Rs. 2004.90
- Per Month: Rs. 6954.90
- Per Day (Divided by 26): Rs. 267.50

MAHARASHTRA ZONE-II

- Unskilled
- Basic P.M.: Rs. 4550.00
- Spl. Allowance P.M.: Rs. 2004.90
- Per Month: Rs. 6554.90
- Per Day (Divided by 26): Rs. 252.11

- Semi Skilled
- Basic P.M.: Rs. 4650.00
- Spl. Allowance P.M.: Rs. 2004.90
- Per Month: Rs. 6654.90
- Per Day (Divided by 26): Rs. 255.96

- Skilled
- Basic P.M.: Rs. 4750.00
- Spl. Allowance P.M.: Rs. 2004.90
- Per Month: Rs. 6754.90
- Per Day (Divided by 26): Rs. 259.80

MAHARASHTRA ZONE-III

- Unskilled
- Basic P.M.: Rs. 4350.00
- Spl. Allowance P.M.: Rs. 2004.90
- Per Month: Rs. 6354.90
- Per Day (Divided by 26): Rs. 244.42

- Semi Skilled
- Basic P.M.: Rs. 4450.00
- Spl. Allowance P.M.: Rs. 2004.90
- Per Month: Rs. 6454.90
- Per Day (Divided by 26): Rs. 248.27

- Skilled
- Basic P.M.: Rs. 4550.00
- Spl. Allowance P.M.: Rs. 2004.90
- Per Month: Rs. 6554.90
- Per Day (Divided by 26): Rs. 252.11

Regards

Request for Assistance with VDA Calculation

Could someone please help me? I have recently joined a manufacturing company, and this year, we want to introduce VDA. Kindly suggest how to calculate it and provide a brief description of VDA.

Thanks & regards,
Venkat