English Version Of Revised MW Notification S&E 1st Jan 2018 Pdf

krissh66
Apologies to miss info.
This is with reference to Karnataka govt wherein Minimum Wages has been revised for all employers covered under ‘Shops and Commercial Establishments’ vide notification dated 30-Dec-2017.
Also, I've uploaded attachment.
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Srinath Sai Ram
Dear Krish,

Please peruse Page #4. Apart from the minimum wages (Basic) as mentioned in the notification, VDA payable is Rs 367.20 till 31/03/2018.

Method of calculation of VDA:

2017 CPI Points: 6843-6537-306 Points

306 x 0.04 Paisa x 30 Days = Rs 367.20

Furthermore, effective from 01/04/2018, basic minimum wages will remain the same. However, VDA will change based on an increase in Consumer Price Index Points.
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