There is nothing call as VDA Points. VDA - Variable Dearness Allowance is a money value which is reviewed based on the policy of the organizations/ union negotiations etc. It may be monthly, quarterly, 6 monthly or yearly review process. There is Consumer Price Index ( CPI) against certain Base year ( 1960 = 100, 1982 = 100 etc.) . CPI again published for all India, State wise,Important locations of the Country etc.
One should know the VDA scheme what is applicable to the specific organization. It is varying randomly. Different company has different base year, different review timing ( monthly, qtrly etc.), different neutralization process etc.etc.
After obtaining the index value it has to be neutralised to money value by multiplying any factor, % wise increase, slab basis etc.etc.
Usual practice in India is quarterly review and neutralization to money value by a factor. There is index quarter and payable quarter.
My suggestion is try to understand all above in details and then start the job, otherwise it will be improper approach.
S K Bandyopadhyay ( WB, Howrah)
CEO-USD HR Solutions
+91 98310 81531
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