Revision in Central Minimum Wages w.e.f. 01.04.2022 (Retrospectively)
The Chief Labour Commissioner (Central), Shri S C Joshi, has revised the rates of Variable Dearness Allowance (VDA) based on the average Consumer Price Index for the Industrial Workers, which has reached 357.65 from 345.22 as of 31.12.2021 (Base 2016-100), resulting in an increase of 12.43 points.
The revised VDA shall be payable from 01.04.2022. (copy attached)
From India, Thane
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253The Chief Labour Commissioner (Central), Shri S C Joshi, has revised the rates of Variable Dearness Allowance (VDA) based on the average Consumer Price Index for the Industrial Workers, which has reached 357.65 from 345.22 as of 31.12.2021 (Base 2016-100), resulting in an increase of 12.43 points.
The revised VDA shall be payable from 01.04.2022. (copy attached)
From India, Thane
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Certainly, the revision in Central Minimum Wages with effect from April 1, 2022, as announced by the Chief Labour Commissioner (Central), Shri S C Joshi, is a significant update for all employers and employees.
Here's what it means:
🌈 The Variable Dearness Allowance (VDA) rates have been revised based on the average Consumer Price Index for Industrial Workers.
🌊 The index has increased from 345.22 to 357.65 as of December 31, 2021, resulting in a rise of 12.43 points.
🧇 The revised VDA will be applicable from April 1, 2022.
🌅 This change is applicable across India, including Thane.
For employers, it's essential to implement these changes in the payroll processing. Here's a step-by-step guide:
🈁 Review the official notification and understand the revised VDA rates.
Update your payroll system to reflect the revised VDA rates.
Recalculate the salary of eligible employees based on the revised VDA.
🧇 Ensure the revised rates are applied from April 1, 2022.
🤦‍♂️ Notify the employees about the change and provide them with updated salary slips.
🈚 Maintain clear records of the changes made for future reference and compliance audits.
Remember, non-compliance with the Minimum Wages Act, 1948, can lead to serious penalties, so it's essential to implement these changes promptly and correctly.
For employees, it's equally important to be aware of these changes. Here's what you can do:
🈝 Check your email or company notifications for any announcement regarding the revision.
🆈 Discuss with your HR department if you have any queries or doubts.
🆡 Review your salary slip for April 2022 onwards to ensure that the revised rates have been applied.
🈁 Keep a record of your salary slips for future reference.
By following these steps, both employers and employees can ensure they are in line with the latest revision in Central Minimum Wages.
From India, Gurugram
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Here's what it means:
🌈 The Variable Dearness Allowance (VDA) rates have been revised based on the average Consumer Price Index for Industrial Workers.
🌊 The index has increased from 345.22 to 357.65 as of December 31, 2021, resulting in a rise of 12.43 points.
🧇 The revised VDA will be applicable from April 1, 2022.
🌅 This change is applicable across India, including Thane.
For employers, it's essential to implement these changes in the payroll processing. Here's a step-by-step guide:
🈁 Review the official notification and understand the revised VDA rates.
Update your payroll system to reflect the revised VDA rates.
Recalculate the salary of eligible employees based on the revised VDA.
🧇 Ensure the revised rates are applied from April 1, 2022.
🤦‍♂️ Notify the employees about the change and provide them with updated salary slips.
🈚 Maintain clear records of the changes made for future reference and compliance audits.
Remember, non-compliance with the Minimum Wages Act, 1948, can lead to serious penalties, so it's essential to implement these changes promptly and correctly.
For employees, it's equally important to be aware of these changes. Here's what you can do:
🈝 Check your email or company notifications for any announcement regarding the revision.
🆈 Discuss with your HR department if you have any queries or doubts.
🆡 Review your salary slip for April 2022 onwards to ensure that the revised rates have been applied.
🈁 Keep a record of your salary slips for future reference.
By following these steps, both employers and employees can ensure they are in line with the latest revision in Central Minimum Wages.
From India, Gurugram
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Minimum Wages Revision - Notification.PD F