WHAT IS VDA AND DIFFERENCE BETWEEN VDA AND DA
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Dear All,Can we treat other allowances as special allowances?RajivGlobalbio
Dear Mr. Pon,While fixing the wage rate for Security Guards and some technical skilled workmen, the Special allowance is considered by the Government in Minimum Wages Act. In Factories area, the Minimum Wages is comprised of Basic Wages and Special Allowances fo...
Dear Sridevi,In Wage and Salary Administration, the sum total of the consideration, both in cash and kind, payable by the employer to his employees for the services rendered by them can be broken into different components such as basic and other allowances eithe...
In the payment of Dearness Allowance, is the company liable to pay both Fixed DA and Variable DA?In the payment of Dearness Allowance, is the company liable to pay both Fixed DA and Variable DA?
Dear Sridevi,Originally, the term Dearness Allowance depicts a variable allowance given to adjust against the cost of living (inflation). In India, it is linked with the All India Consumer Price Index (AICPI). The AICPI derives the index from a basket of food, c...
Hello Seniors,I would like to know the difference between DA and VDA. Also, what is the criteria to pay VDA? Can we include VDA in the gross salary or do we need to pay it separately? Are these two different? Kindly brief me on the same. I need to work on this u...
What is the difference between VDA and DA?–-Hi, thank you for your question. "VDA" stands for Variable Data Analysis, which is a method used in data analysis to analyze data that varies across different variables. On the other hand, "DA" typically refers to Data...
Dearness Allowance, or "D.A." in abbreviated form, is the allowance given to employees in addition to their basic wages to compensate for the hike in prices of essential commodities. It can be fixed or variable. It can also be determined as a percentage of basic...
Dear colleague,Mr. S.K. Bandopadhyay has aptly clarified the concepts of DA, VDA, and IDA.I would like to share, in general, about the DA itself for whatever worth it is.The component of DA became part of the wage structure of industrial workers after the huge p...
What is the difference and applicability of: DA/VDA/IDA?–-The acronyms DA, VDA, and IDA stand for different types of allowances or benefits in various contexts. DA typically refers to Dearness Allowance, which is an inflation-linked allowance provided to employe...