Your question is not clear. VDA is fixed after considering the CPI (Consumer Price Index), and each scheduled industry will have a separate VDA for each point above a certain CPI threshold. It will be mentioned in the notification itself. When posting a question, it is advisable to make it clear.
From India, Kannur
From India, Kannur
Understanding VDA and Its Calculation
VDA is variable pay linked to the consumer price index. It is reviewed quarterly, half-yearly, yearly, or monthly, varying from organization to organization. Even in minimum wages, the VDA usually changes half-yearly. There are different base years for calculating VDA. Some money value is attached to change the VDA money value figure. It may be percentage-wise, slab-wise, per point increase value, etc., depending on VDA policy, which varies from organization to organization.
Regards, S K Bandyopadhyay
From India, New Delhi
VDA is variable pay linked to the consumer price index. It is reviewed quarterly, half-yearly, yearly, or monthly, varying from organization to organization. Even in minimum wages, the VDA usually changes half-yearly. There are different base years for calculating VDA. Some money value is attached to change the VDA money value figure. It may be percentage-wise, slab-wise, per point increase value, etc., depending on VDA policy, which varies from organization to organization.
Regards, S K Bandyopadhyay
From India, New Delhi
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